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17 May
ocado snow
Ocado says fire at distribution center puts 400 jobs at risk

It will take Ocado two years to rebuild the distribution centre that was destroyed in a fire in February 2019, leaving roughly 400 jobs at risk.

17 May
US consumer sentiment hits 15-year high in May, UofM says

Americans were in much more buoyant spirits than believed in early May, although the potential impact on sentiment from the breakdown in trade talks between the US and China had yet to be seen, according to the results of a closely-followed survey.

17 May
Bank of america
BofA cuts 2020 UK GDP forecast on prolonged Brexit uncertainty, US-China trade war

Economists at Bank of America-Merrill Lynch cut their forecasts for the rate of growth in Britain's economy for this year and next, predicting that the uncertainty around Brexit will last for longer and that the US-China trade war will escalate.

17 May
ECB faces potential losses in Santander-LetterOne battle

The European Central Bank could face loses over the bonds it holds from Spanish company Distribuidora Internacional de Alimentacion (DIA) as LetterOne battles Santander bank to recapitalise the retailer.

17 May
Euros , banknotes, single currency, euro , eurozone money cash. Image
Eurozone inflation picks up in April

Eurozone inflation picked up in line with expectations in April, as prices rose in the services sector.

17 May
Mining helmets 125
Alba starts drilling at Irish base metals site

Alba Mineral Resources said it had started drilling at its base metals project in the Republic of Ireland.

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
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
Weekly US jobless claims surprise to the downside

Perhaps the most closely-followed lead indicator of joblessness in the US surprised to the downside on Thursday.

16 May
Premier Oil gains after upgrading production guidance

Premier Oil's shares jumped on Thursday after the oiler upgraded its full-year production guidance as a strong improvement from operations in the UK drove expectations higher.

16 May
European Commission fines five banks €1bn for market rigging

Five major banks have been fined a total of €1. 07bn by the European Commission on Thursday due to foreign exchange market-rigging that took place from 2007 to 2013.

16 May
Anglo Asian Mining
Anglo Asian raises production target as profits surge

Anglo Asian Mining set a higher production target for 2018 after booming production drove profit sharply higher in 2018.

15 May
US industrial production extends slide in April, led by factories and utilities

Industrial output growth in the States missed forecasts by a wide margin last month as manufacturing added to a growing list of monthly declines.

15 May
factory, factories, manufacturing, manufacturer
Empire State manufacturing index hits six-month high

Manufacturing activity in the New York Fed’s jurisdiction unexpectedly improved in May, to a six-month high, according to data released on Wednesday.

15 May
Economists puzzled by unexpected dip in US retail sales for April

US retail sales dipped unexpectedly last month, amid weak outturns for those of motor vehicles and parts, electronics and building materials, leaving some economists scratching their heads given the recent strength in the closely-watched weekly retail sales surveys from Redbook.

15 May
Chinese economy weakens as manufacturing, investment and retail sales all slow

China’s economy stumbled last month, as retail sales grew at their weakest pace for 16 years and industrial production fell sharply.

15 May
aleman, germany, alemania
German economy revives in first quarter of 2019

Germany's economy bounced back as expected in the first quarter of 2019 as consumers spent more and construction and equipment activity increased.

14 May
UniCredit engages investment bankers in move to acquire Commerzbank

UniCredit engaged investment bankers Lazard and JP Morgan to advance a potential bid for German rival Commerzbank.

14 May
Bank of America-Merrill Lynch, City view plaza, San Jose by Michael Gray
Investors braced for bumpy summer - Merrill survey

Investors are gearing up for a difficult run on global markets, according to a closely-watched fund manager survey published on Tuesday, with a record number taking out protection against potential losses.

14 May
pound sterling fiver inflation spending
UK faces risk of rising US-style inequality

Britain risks imitating the rise in inequality seen in the United States which could weaken democracy as differences in income, education and health rise, a Nobel Prize-winning economist said on Tuesday.