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Markets

LSE Volume: 2,766 M
Avg Vol: 4,042 M -32%
Fallers
2,402
Unchanged 784
Risers
1,826

FTSE down on retail, resources ballast ahead of GDP

FTSE indices were southbound again on opening this morning with retail-related and resources stocks acting as ballast. The market has its eye squarely on UK gross domestic product data out mid morning.

Rolls-Royce, Hispano-Suiza (Safran) to create JV

Rolls-Royce and Hispano-Suiza (Safran) have signed a final agreement to create a jointly-owned company that will design, develop, produce and support accessory drive train transmissions (ADT) for all of Rolls-Royce's future civil aircraft engines.

The Press Roundup

A brief summary of Friday’s main business headlines... Extensive coverage of further Tesco woes as chairman reluctantly resigns, further losses for Amazon, a shocking day for estate agent Foxtons, UK exports and much more…

Hikma warning

Hikma Pharmaceuticals has received a 'warning letter' from the US Food and Drug Administration related to the inspection of its manufacturing facility in Portugal in March.

John Lewis sales

John Lewis of Hungerford expects sales for the year to the end of August to be £7.4m - up from £6.6m.