Currencies
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.
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.
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.
Sterling under pressure as cross-party talks collapse
Sterling was under pressure on Friday, dropping below $1. 28 for the first time since February as it emerged that Brexit talks between the government and the Labour party have collapsed, increasing the risk of the UK leaving the EU without a deal.
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.
Eurozone inflation picks up in April
Eurozone inflation picked up in line with expectations in April, as prices rose in the services sector.