FTSE LIVE: London shares edge lower ahead of Trump

NEW In early deals the FTSE 100 was off 5 points at 7,204.2 - having finished down 39.17 points at 7208.44. Overnight in the US, the Dow fell 70 points, the S&P; 500 dropped around a third of a per cent, while the Nasdaq composite fell 0.3 per cent. US President-elect Donald Trump will take office today at about 5pm London time, shortly after the closing bell in London. Mike van Dulken at Accendo Markets said: 'Investors will be hoping that his speech comprehensively outlines his policy plans for the next four years in a scripted rather than lively off the cuff affair.
Trump aside, China posted its worst GDP reading since 1990 last night and the UK's weighty mining stocks have taken a tumble off the back of the data. Today's agenda also sees Chancellor Philip Hammond speak in Davos.

The bank said demand for electronic banking meant the number of customers using bank branches for day-to-day transactions across the industry had fallen by a third since 2011.

Shrugging off statistics showing its TV adverts often leave consumers reeling , the group said it expects full year revenues to have increased by 12 per cent to £316million.

Matthew Freud's annual party on Wednesday was attended by David Cameron, George Osborne and Microsoft nerd Bill Gates. It was held at the art nouveau Schatzlap Hotel. 

The chief economic adviser to the Prime Minister was a leading consultant at controversial Australian bank Macquarie that is earmarked to buy crucial UK assets.

The group, which first listed on the London Stock Exchange in 2013, is this morning's biggest FTSE 100 faller, down 4.67 per cent or 21.00p to 428.40p.

For a second year in a row, Murray International Trust has topped the list of most viewed trusts, no doubt boosted by its share price doubling during 2016. Income trusts were the most popular overall.

Former Rolls-Royce boss Sir John Rose has been thrown into the heart of the firm's corruption scandal as fresh details of bribery emerged.

Mario Draghi drove down the euro yesterday by ruling out an end to the European Union's money-printing programme.

Where to invest for income and how to spot the best dividends: Investing Show

Picking dividend shares isn't just about opting for those with the highest yield. A dividend needs to be sustainable, robust, and preferably rise over time. Justin Urquhart Stewart, of Seven Investment Management joins the Investing Show to explain where to invest for the best dividends, looking at countries, sectors and individual companies.

'Buckingham Palace is ordering from us now'

For  those who associate Argos with cheap jewellery and cut-price electronics it might come as a surprise, but Buckingham Palace is one of its best customers. New boss John Rogers, who took the helm after the store chain was bought by Sainsbury's in a £1.3 billion deal last year, is keen to dispel its downmarket image. The store in Camden High Street in London, he says, delivers frequently to Buckingham Palace and the Houses of Parliament. So what does Her Majesty order? Toasters, Tupperware, one of the sovereign rings for which Argos is famed? 

Phil Bentley, former boss of British Gas, has sacked a number of staff in the firm's cleaning division, and let the finance boss go as he seeks to rescue Mitie.

State-owned Saudi Arabian Oil Company, commonly known as Saudi Aramco, told how it was planning the biggest-ever stock market listing that could value the firm at £1.9trillion.

The banks' announcements follow yesterday's Prime Minister Theresa May's speech outlining plans for Brexit, in which she said the UK would definitely quit the single market.

Burberry, which is hugely popular with rich Chinese buyers, said festive trading in the UK was 'exceptional', with sales up 40 per cent. Sales across the group rose 3 per cent.

Duff & Phelps - appointed by Sir Philip Green - is expected to charge more than £4m for its work, £500,000 more than originally estimated.

Shares plummeted after it announced it would be scrapping its earnings forecasts, lowering its dividend, and putting its 47 per cent stake in Penguin Random House up for sale.

Shares in FTSE 100 Pearson have plunged more than 25 per cent after the education publisher warned on profits and said it was planning to sell its publishing unit Penguin Random House.

Tim Martin blamed a mix of higher wages, apprenticeship levy, higher business rates and 'cost increases at the level of inflation in other areas' for the cautious outlook.

ALEX BRUMMER: None of these dogs seemed to have barked

Britain likes to boast it has the most sophisticated corporate governance among the Western democracies. When you look at the corruption and falsification of documents at the highest level of aero-engine champion Rolls-Royce you have to wonder. As befitting a company of Rolls-Royce's status the board in 2010 was stuffed with City grandees. Yet as far as we know when allegations of corruption first surfaced that year the directors made no effort to invite the Serious Fraud Office in to probe the issues. The chairman at the time was former Goldman Sachs managing director Sir Simon Robertson. Senior independent director was Ian Conn, the current chief executive of Centrica and among the cadre of non-executives were former CBI president Dame Helen Alexander and John Rishton who went on to succeed Sir John Rose as chief executive.

Britain must back its tourist trade and benefit from the weak pound

The slumping value of the pound since June 23 is not a sign of economic health for the UK but it does make Britain a more attractive holiday destination as foreign visitors will find their money going further. Tourist numbers fell for much of last year and while many are predicting an upsurge in visitors next year, we should make a determined effort to maximise this opportunity.