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FTSE 100 closes at record high as sterling weakens
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Interest rate cut bets rise as US job creation slows; FTSE 100 at record high – business live
Rolling coverage of the latest economic and financial news, as latest US non-farm payroll shows weakening job creation. Newsflash: The UK’s services sector has posted the fastest business activity growth in almost a year, reinforcing hopes that ...The Guardian - World -
Sam Ash Music Stores to Close
The chain, which started with a single shop in Brooklyn in 1924, said it would close all 42 of its locations by the end of July, citing competition from online retailers.The New York Times - Business -
Cocoa futures turn bitter as prices drop 30% from record highs
Cocoa futures on Friday marked a drop of 30% from their all-time highs, as a buying frenzy that lifted prices to a record just two weeks ago gave way to expectations for better crop conditions and worries about a drop in demand.MarketWatch - Business -
ISM service-sector gauge weakens sharply in April
The Institute for Supply Management said on Friday that its service-sector PMI dropped sharply to 49.4% in April from 51.4% in the prior month.MarketWatch - Business
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Conservatives battered in local elections as losses mount
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Tory plot to topple Rishi Sunak fizzles despite crushing election losses
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Sunak’s instincts are leading the Tories to ever worse defeat
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Giving away local power has come back to bite the political centre
The UK is too centralised, but experiments with devolution are in their infancy and still have mixed resultsFinancial Times - Business