London’s top-flight stocks were bolstered by a weaker pound and upbeat global markets on Friday, as progress appeared to be made in trade relations between the US and China.
UK and abroad
Tesla is to cut its workforce by about 7% after a difficult year for the electric car maker.
Retail sales dropped in December as shoppers increasingly shifted spending to the Black Friday promotional period.
Dixons Carphone is expected to book another sales slump at its troubled mobile phone division when it reports on its third-quarter performance next week.
Shares in Sophos tumbled on Friday after the cybersecurity firm warned that “subdued” trading would drag into the fourth quarter.
Construction company Henry Boot’s real-estate activities performed in line with expectations last year, despite Brexit uncertainty and booking a one off charge related to a pension ruling.
Eddie Stobart Logistics saw sales race ahead last year as the road haulier was boosted by new contract wins.
Bakkavor posted higher revenue for 2018 despite weak consumer confidence in the UK.
Ryanair has warned over profits as the budget airline counts the cost of lower than expected airfares over winter amid over capacity in Europe.
Millennial slipper brand Mahabis has been rescued from administration by one of the founders of mattress startup Simba Sleep and his boutique investment firm.
The FTSE 100 struggled for direction on Thursday, while the pound continued to edge higher as currency traders eagerly anticipate Theresa May’s so called “Plan B” Brexit proposal.
The Royal Bank of Scotland has proposed buying back shares from the Government as it looks to deploy excess capital and speed up its privatisation.
Electronics giant Philips is to close its Glemsford factory and transfer its operations to the Netherlands, putting 430 jobs at risk and dealing a major blow to Brexit Britain.
The energy regulator has stepped in to stop customers of the failed Economy Energy being transferred to another supplier under an agreement that may no longer be valid.
The Government offered to consider taking a stake in a new multibillion-pound nuclear power station before the project was suspended, it has been revealed.
The deputy chairman of Patisserie Valerie has resigned a day after the group revealed the extent of an accounting scandal which pushed it close to collapse last year.
Fashion retailer N Brown has revealed falling sales after a “challenging and highly promotional” Christmas.
Game Digital’s sales rose over Christmas and margins improved, although sales at its UK business suffered.
Gambling company GVC expects full-year earnings will beat market consensus thanks to strong growth in its online business.
Mr Kipling Cakes firm Premier Foods named its finance chief as interim chief executive as it revealed tumbling sweet treat and overseas sales.
Premier Inn owner Whitbread has posted higher third-quarter sales and backed its full-year guidance, but warned over the environment in the UK.
Primark owner Associated British Foods has said profits at the budget fashion chain are “well ahead”, despite a fall in like-for-like sales over its festive quarter.
Students and rail passengers are being unfairly penalised by an openly-admitted error in the way a key measure of UK inflation is calculated, a Lords committee has warned.
Top-flight shares in London ended the day lower on Wednesday, with consumer goods giant Reckitt Benckiser among the biggest fallers after the announcement of its chief executive’s departure.
Sterling was in a resilient mood on Wednesday, holding onto gains ahead of a Parliamentary no-confidence vote on Theresa May’s Government.
Patisserie Valerie has unveiled the “devastating” extent of the irregularities in its accounting, which included thousands of false entries into the company’s ledgers.
A number of offers have been put forward for music retailer HMV, administrators have confirmed.
Goldman Sachs’s fourth quarter earnings beat expectations thanks to growth in its core investment banking arm, but the lender booked a multimillion-US dollar litigation charge.
Cineworld welcomed a record number of film goers last year, even as the blazing hot summer and the World Cup hit sales in the UK.
Bank of England governor Mark Carney has said the pound’s rebound after the Commons vote signals market hope that Brexit can be delayed, but warned over further volatility.
The boss of City Pub Group has said there would be a “Remain dividend” for consumers if Brexit is called off, including lower prices for food and drink.
City Pub Group’s sales grew rapidly last year as the premium operator opened a string of new sites.