1. UK consumer confidence hit a 48 year low
As a recession loomed, the UK consumer confidence index slid two percentage points to -40 in May, the lowest level since records began 48 years ago, GfK research showed on Friday.
2. Nick Candy interested in THG
Candy Ventures Sarl, Nick Candy’s investment vehicle, confirmed in a statement last night that it is in the early stages of considering a possible offer.
3. Next Fifteen agrees deal for Saatchi
Saatchi shareholders will receive 0.1637 of a Next Fifteen share and 40p in cash, which at the last closing price equates to 247.2p per share.
4. FTSE 100 closes ahead
FTSE 100 closed ahead on Friday as the UK benchmark index enjoyed something of a rebound, closing around 87 points ahead, or 1.19%, at 7,390
5. Royal Mail still worth buying, says UBS
Full-year adjusted operating profit of £758mln was below UBS’s bullish forecast of £784mln and also below the median forecast (£771mln) of analysts who cover the stock.