Rolling coverage of the latest economic and financial newsLatest: PizzaExpress could close 15% of UK restaurants in rescue deal1,100 jobs at risk Earlier:Oil giant cuts dividend to 5.25 cents per shareBP posts huge loss after asset writedownsDiageo hit by sales slump, but easyJet expands schedule 2.49pm BST Stocks have opened very gently in New York, matching the muted moves in Europe earlier. 2.41pm BST Brazil has posted its second-biggest jump in industrial output on record, as its economy emerged from lockdown measures.Brazilian factory output surged by 8.9% month-on-month in June, following a 7% rise in May. That helps to reverse the record-breaking 18.8% drop in April when manufacturing ground to a standstill during the pandemic. Continue reading…
Via: BP halves dividend; 1,100 PizzaExpress jobs at risk- business live
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PIERS MORGAN: A phone call I received from a fired-up Trump should be a warning to Democrats
President Trump called me for a chat on Saturday. It was our first conversation since he unfollowed me on Twitter in April after I wrote a Mail column telling him to ‘Shut the f*ck up Read more…