BNP Paribas has expanded a trading partnership with market maker Global Trading Systems to include US equities as the French bank seeks to boost its market share in the US.

Sterling tumbled, the shares of companies exposed to the UK economy fell and government bonds rallied after Brexit secretary Dominic Raab’s resignation intensified concern over whether Theresa May will be able to steer her Brexit deal through parliament.

US futures were pointing higher on Thursday morning, coming on the heels of the S&P 500 notching its first five-day losing streak since the October sell-off.

The chief executive of troubled café chain Patisserie Valerie has resigned with immediate effect, weeks after shareholders approved a rescue deal for the company.

Emirates warned of a tough economic outlook as the Dubai airline reported net profit for the first half of the 2018-2019 financial year had slumped 86 per cent to $62m as higher fuel costs and currency fluctuations.

Walmart has joined a growing list of its US retail peers and increased sales guidance for the full year, in the latest sign of tentative confidence from the sector as stores ready for the crucial festive shopping season.

Manchester United, the world’s richest football club, said it will overcome a fall in sponsorship revenues and will achieve its sales targets for the year.

Stocks exposed to the UK economy were rattled on Thursday as parliamentary resignations over Prime Minister Theresa May’s draft EU withdrawal agreement threw the Brexit process into chaos.

Tom Enders, chief executive of Airbus and one of Britain’s leading manufacturers, on Thursday called the draft Brexit withdrawal agreement “a welcome first step forwards” but added that “there clearly remains much work to do”.

The French Prime Minister has said France must be prepared for a no-deal Brexit as political turmoil in the UK threatens to upend negotiations.

Theresa May, the UK prime minister, is addressing MPs on the draft Brexit agreement.

More on our live blog here, but here’s the full text of Mrs May’s statement:

Russia will continue co-operation with other crude producing countries as part of the coalition between Opec and non-Opec countries, Vladimir Putin said on Thursday, but the Russian president declined to voice his view on whether a new production cut is necessary.

The European Court of Human Rights ruled on Thursday that several arrests of Russian opposition leader Alexei Navalny for protesting president Vladimir Putin were politically motivated.

Turkey’s foreign minister has called for an international court to investigate the killing of Saudi journalist Jamal Khashoggi, signalling frustration with Riyadh’s failure to assign blame in the attack.

Esther McVey, the secretary of state for work and pensions, has become the second cabinet minister to resign on Thursday morning following a heated exchange with prime minister Theresa May at a cabinet meeting on Wednesday.

Glencore’s key business in Democratic Republic of Congo has become embroiled in a fresh row with government this time over export duties.

Shares in UK retail banks Lloyds, Barclays and Royal Bank of Scotland dropped sharply this morning after the resignation of Brexit secretary Dominic Raab.

Shares in outsourcer Capita slumped 9 per cent to their lowest point since May on Thursday, a day after the company was rebuked for failing to send out letters about cancer screenings following a system error.

UK retail sales fell for the second consecutive month in October as consumers tightened their belts after splashing out during a hot summer, fuelling fears that he economy is running out of steam.

Dominic Raab, the Brexit Secretary, has resigned saying he cannot support the EU withdrawal agreement approved by the cabinet on Wednesday.

Royal Mail half-year results

Does Royal Mail have the contract for sending ballot papers to Conservative Party members? If so, it may be the only company that cannot lose if MPs reject the prime minister’s Brexit deal.

Britain’s withdrawal agreement with the EU “appears to meet all the requests” of the UK’s motor industry, bringing a “sigh of relief” to the sector following months of uncertainty and contingency planning, the chief executive of Aston Martin said.

Defence technology group Qinetiq on Thursday said a number of “significant” orders secured in the first six months meant it was “well placed to meet” its expectations for the full year.

Bank Indonesia raised interest rates for the sixth time this year on Thursday despite expectations it would keep its powder dry, after a surprise jump in imports expanded the country’s trade deficit in October and once again brought its current account deficit into focus.