FTSE LIVE: Value chain The Works lines up £100m float


FTSE LIVE: Pound slides on Trump’s trade deal warning; Blue chip shares well into the green; Value chain The Works lines up £100m float

The pound is on the slide on Friday after Donald Trump warned Theresa May’s Brexit plan could mean there is no free trade deal between the UK and USA.

Fast growing value gifts and books retailer The Works is set to float on the London Stock Exchange next week, in an IPO that values the bargain chain at £100m, or 160p per share. 

Meanwhile, Halfords has wheeled in Waitrose’s Loraine Woodhouse as its new finance chief, and London markets were in the green after the bell, but sterling sank.

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