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Friday preview: Loss of confidence in Tesco ahead of Q1 update
After busy week, Friday sees a quieter day on the UK business calendar, with a Tesco trading statement the highlight for investors, while a Bank of Japan announcement and eurozone inflation data will keep macro wonks interested as the fallout from UK and US central banks continues to be digested.
Hammond pulls out of Mansion House speech, citing Grenfell Tower tragedy
Chancellor Philip Hammond has pulled out of giving his annual Mansion House speech in the City of London on Thursday evening, after the Grenfell Tower fire.
Safestore slips highs as numbers shy of high expectations
Safestore's interim results were solid but like-for-like sales growth in the UK was just short of management’s guidance, though they continued to see "good levels of interest" in self-storage.
Hammond to push for soft Brexit and infrastructure boost, as DUP talks stumble
Chancellor Philip Hammond will make a case for avoiding a 'hard' Brexit and boosting investment in UK infrastructure projects, as he delivers his annual Mansion House speech to the City of London later on Thursday.
Queen's speech delayed by two days, Commons leader confirms
The Queen's speech that will confirm the state opening of parliament has been pushed back to Wednesday 21 June, the leader of the House of Commons has announced.
UK retail sales much worse than expected as households feel the pinch
UK retail sales shrank much more than expected in May, according to official data published on Thursday that shows how households are feeling the pinch from rising inflation and falling wages.
PZ Cussons washes its face with 'robust' year in face of challenges
Washing and beauty products maker PZ Cussons said its overall performance for the year remained on target, with the UK "robust", profitability improving in Australia despite challenging conditions and Nigeria trading "relatively well" in the face of significant local inflation.
Thursday newspaper round-up: May-DUP talks, Hammond speech, AIM, BAE
Theresa May’s hopes of securing the support of the Democratic Unionist Party for her minority government were faltering last night as the Treasury dug in against the costs of a deal. Some ministers were urging the prime minister to call the Northern Irish party’s bluff as negotiations stalled, while Britain’s most senior civil servant told the prime minister that she had little choice but to gain an agreement. - The Times.
Drax unveils new dividend policy as it embraces changing energy market
As a statement of confidence in its transformation from a generator of coal power to biomass energy, Drax has announced a new dividend policy that will see it pay out £50m this year grow from there on.