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16 May
theresa may brussels april 10 2019
May promises to set out departure date in June

UK Prime Minister Theresa May on Thursday agreed to set out a plan for her departure from office after another vote on the Brexit withdrawal deal in June.

16 May
US close: Stocks finish higher as Walmart surpasses first-quarter expectations

Wall Street trading finished in the green on Thursday, extending their gains from a decent session on Wednesday.

16 May
ep avioneasyjet 20181120160801
Friday preview: US consumer confidence, Easyjet in focus

The spotlight at the end of the week, barring surprises on the international trade or Brexit fronts, will be on US consumer confidence data for May.

16 May
Broker tips: Spirax-Sarco, Ten Lifestyle, Hurricane Energy

Berenberg started coverage of "outstanding" Spirax-Sarco Engineering at 'buy' on Thursday as it took a look at the capital goods and industrial engineering sector.

16 May
Europe close: Stocks jump despite ongoing trade jitters

Stocks across the Continent jumped even after the US President threatened to block China's main telecommunications equipment providers from the US market and to cut their access to American suppliers.

16 May
Nestle Mexico
Nestle plans sale of $10bn skincare group to EQT

Nestle is in talks to sell its skincare business to a group led by private equity outfit EQT Partners for $10. 1bn (£7. 88bn) in what would be the second largest private equity-backed M&A deal on the Continent since the financial crisis, according to data from Refinitiv.

16 May
cruise holiday travel saga pearl
Jefferies ups target price on Ten Lifestyle

Analysts at Jefferies raised their target price on British travel outfit Ten Lifestyle on Thursday, citing greater confidence over the firm's revenue growth moving forward.

16 May
bt, openreach, cable, broadband, internet
BT boss to handout £500 a year in shares to staff

BT’s CEO announced on Thursday that the company would hand out £500 worth of shares per year each employee in an attempt to boost morale.

16 May
Oil & gas rig flare, energy
Morgan Stanley reiterates 'buy' for shares of Hurricane Energy

Analysts at Morgan Stanley reiterated their 'buy' recommendation for shares of Hurricane Energy, telling clients they continued to see a "realistic bull case" for the company under which its shares would trade over five times higher by the end of 2020.

16 May
metro bank mascot
Metro Bank launches discounted share placing

Metro Bank confirmed after the close of markets that it was looking to raise £350m in a placing at a discounted price of 500p a share.

16 May
London Stock Exchange AIM LSE shares
Director dealings: Valeura CEO ups stake

Upstream natural gas producer Valeura Energy's chief executive officer Sean Guest acquired 20,000 ordinary shares in the dual-listed outfit on Thursday.

16 May
stevia, purecircle
PureCircle sweetens Merisant partnership with new supply agreement

Stevia producer PureCircle on Thursday entered a new supply agreement with tabletop sweetener producer Merisant that expands the partnership between the two companies and includes PureCircle's new generation of stevia products.

16 May
Theresa May
Pound dips as Theresa May promises to provide timeline for stepping down

Sterling is coming under renewed selling pressure after the Prime Minister took a major step on Thursday towards standing down.

16 May
london canary wharf docklands
London close: Stocks end up as sterling drops; Burberry slumps

London stocks ended in the green on Thursday, boosted by a weaker pound, as investors shrugged off heightening trade tensions between the US and China.

16 May
ep tiendathomas cook 20190423145702
Thomas Cook tanks as it posts £1.46bn loss

Thomas Cook shares tanked on Thursday as the company said losses widened in the first half of the year amid "challenging" trading conditions, warned over second-half earnings and confirmed that several bids had been received for all and part of its airline.

16 May
veggie pret a manger
Pret a Manger reportedly nearing deal to buy Eat

Sandwich chain Pret a Manger was on Thursday said to be close to a deal to buy smaller rival Eat.

16 May
3i infrastructure group
FTSE 100 movers: 3i gains on results; Burberry out of fashion

London's FTSE 100 was up 0. 6% at 7,339. 00 in afternoon trade on Thursday, boosted by a weaker pound.

16 May
FTSE 250 movers: Sophos surges, Just Group slides

London's FTSE 250 was up 0. 59% at 19,484. 51 in afternoon trade on Thursday, with Sophos leading the index upward.

16 May
ep donald trump rompeacuerdoparis
Trump declares national emergency and bans Chinese telecoms

Donald Trump declared a national emergency on Wednesday, banning Chinese telecommunications companies such as Huawei and ZTE from selling their equipment in the US as he claims they pose “unacceptable risks”.

16 May
deal contract handshake acquisition
RA International scores $10.7m humanitarian contract

RA International on Thursday won a $10. 7m contract from a large humanitarian client in Central Africa to construct accommodation facilities for peacekeeping troops in up to 10 locations.