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Pound rallies on 'hard Brexit' stance

Theresa May's confirmation that the UK will leave the single market led to a surprising 2.8% rally in the pound against the dollar to $1.24.

BAT to acquire remaining 57.8% of Reynolds

British American Tobacco and Reynolds American Inc have agreed the terms of a recommended offer for BAT to acquire the remaining 57.8% of Reynolds it does not already own.

Elegant revenues fall

Elegant Hotels Group's revenue fell by 5.2% to $57.0 million in the year to the end of September.

Tullow's find

Tullow Oil said the Erut-1 well in Block 13T, northern Kenya, has discovered a gross oil interval of 55 metres with 25 metres of net oil pay at a depth of 700 metres.

PFG steady

Provident Financial expects to report results for 2016 in line with market expectations, with each business meeting its internal forecast.

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