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Hundreds of US footwear brands call for end to China trade war

A total of 173 footwear manufacturers, importers and retailers in the US have called on the US president to re-think his approach to the trade war with China, describing the recent tariff hike on imports from the People’s Republic as “catastrophic”.

Bloomsbury Publishing's profits trounce expectations

Bloomsbury Publishing beat expectations on Tuesday as it achieved annual profit growth, leading the business to deliver a 24th consecutive year of dividend growth.

BP chairman warns 'world is on an unsustainable path'

BP’s chairman acknowledged in the Financial Times on Tuesday that the world’s energy consumption is on “an unsustainable path”.

Halfords FY profit hit by mild weather, 'weakened' consumer confidence

Halfords posted a drop in full-year profit on Tuesday as it pointed to "weakened" consumer confidence and mild winter temperatures.

FTSE 100 movers: Tui tumbles and Coca-Cola loses its fizz

London's FTSE 100 was down 0.7% at 7,299.01 in afternoon trade on Monday, with housebuilders proving a drag.

Jamie Oliver's restaurant group collapses

The restaurant group fronted by celebrity chef Jamie Olivier has collapsed, putting up to 1,300 jobs at risk.

US existing home sales unexpectedly drop in April - NAR

Sales of US existing home sales unexpectedly fell in April, according to data from the National Association of Realtors.

Tesco Bank pulls out of mortgage market

Tesco's banking arm has quit mortgage lending and will try to sell its £3.7bn of existing mortgages, blaming persistently difficult market conditions for the decision.

Tuesday broker round-up

Hilton Food: Numis downgrades to add with a target price of 1,125p.

Trump and Google grant Huawei small respite

Trump and Google granted Huawei some temporary relief after the former had threatened on Monday to ban US corporates from doing business with the company.

Peloton scraps IPO in favour of $1bn tie up with Merck

American drugs giant Merck has agreed to buy Peloton Therapeutics in a deal that could eventually be worth more than $2bn.

Coca-Cola ditches plans to refranchise Africa bottling business

Shares in bottling company Coca-Cola HBC slumped on Monday after Coca-Cola Co. said it will keep its majority stake in Coca-Cola Beverages Africa "for the foreseeable future".

Severn Trent shares up on 'strong and resilient' results

Severn Trent reported “strong and resilient” annual results on Tuesday, reporting group turnover of £1.767bn, which was up £71m or 4.2% year-on-year.

London midday: Stocks extend gains as pound drops below $1.27

London stocks had extended gains by midday on Tuesday, boosted by a weaker pound, as investors welcomed Washington's decision to grant a temporary reprieve from the Huawei ban.

Huntsworth adds Creativ-Ceutical and Kyne to its portfolio

Healthcare and communications group Huntsworth announced the acquisition of 70% of Luxembourg-based Creativ-Ceutical (CC) from 100% shareholder Avicenne Invest for an initial cash consideration of €15.5m on Monday.

Home Depot beats on earnings, same-store sales disappoint

US retailer Home Depot's first-quarter earnings beat analysts' expectations on Tuesday as customers spent more in single transactions during the quarter ended 5 May.

Itaconix receives first order for personal care polymer from Nouryon

Itaconix has received its first purchase order from Nouryon to supply its polymer for Nouryon's new ‘Amaze SP’ product, it announced on Tuesday, under the previously-announced exclusive global supply agreement for Nouryon to market Itaconix polymers in personal care applications.

Online casino operators slapped with £4.5m penalties by Gambling Commission

The UK Gambling Commission issued penalty packages totalling £4.5m to four companies on Wednesday as part of an ongoing investigation into money laundering and consumer safety in online casinos.

London pre-open: Stocks to rise as Trump grants temporary reprieve from Huawei ban

London stocks were set to rise at the open on Tuesday following losses in the previous session, after US President Trump granted a temporary reprieve from the Huawei ban.

Hilton Food trades in line year-to-date

Food packing company Hilton Food Group has traded in line with expectations thus far in 2019, continuing to grow its business through additional volumes and close cooperation with retail partners.

Majestic Wine considers sale of retail business

Majestic Wine said on Tuesday that it is considering the sale of its retail business as the wine merchant rebrands as Naked Wines.

Galliford Try to cut 350 jobs after construction review

Government contractor Galliford Try said it was cutting 350 jobs at its troubled construction division after a strategic review.

Hammerson CFO Drakesmith resigns

Hammerson said on Tuesday that chief financial officer Timon Drakesmith has resigned after eight years in the role, and will leave the company later this year.

Europe midday: Tech issues lead bounce in stock markets

Stocks on the Continent are bouncing back from the the previous day's thrashing after the US administration decided overnight to ease its restrictions on Chinese tech giant Huawei for three months.

London open: Stocks rise as Washington grants temporary reprieve from Huawei ban

London stocks rose in early trade on Tuesday, with banks pacing the advance, after Washington granted a temporary reprieve from the Huawei ban.