Turkey’s credit rating has been cut deeper into junk territory by Moody’s Investors Services, with the agency citing its high reliance on external capital flows and rising risk of government default as reasons for the downgrade.

Shares in online pet supply retailer Chewy jumped about 60 per cent on their trading debut, giving the company a market capitalisation of around $15bn as investors show a strong appetite for selected new listings.

Wall Street ended marginally lower on Friday as chipmakers and energy stocks declined, with investors weighing up a string of US economic data while deepening geopolitical tension in the Middle East added to global growth and trade fears.

Airbus gave its broadest signal yet that it is preparing to launch a longer-range version of its successful A321 single-aisle jet as the European plane maker set out its view of the market ahead of the Paris air show next week.

Technology shares headed for their fifth drop in the past six weeks as perceived safe-havens in US equities continued to gain favour on Wall Street.

France and Italy have signed an agreement to build a limited military shipbuilding alliance, a rare sign of progress in European defence consolidation and a signal of potentially easing tensions between the two countries.

Rio Tinto has published the contracts and licensing agreements that govern its biggest projects, as the Anglo Australia group seeks to improve transparency and counter perceptions that miners profit at the expense of host nations.

Confidence among US consumers deteriorated this month amid growing concern about tariffs and a weaker level of domestic job creation.

Investors moved into safe retreats on Friday, pushing government bond yields and stock indices lower after shaky economic data from China added to worries over geopolitical tension in the Middle East.

US industrial output increased in May as the manufacturing sector bounced back on renewed strength in autos and appliances.

The Bank of England is on track to hit its 2020 target for women to fill 35 per cent of senior roles, after a “deliberate, concentrated effort” to boost diversity, governor Mark Carney told a conference on Friday.

Rolls-Royce has been approached by Spain’s Indra Sistemas about the possible purchase of a majority stake in its Spanish aircraft engine manufacturing business ITP Aero.

The daughter of one of the founding oligarchs of ENRC, the miner that delisted from the FTSE 100 amid corruption allegations, has been charged by the Serious Fraud Office.

A London court will decide in February whether WikiLeaks founder Julian Assange can be extradited to the US to face 18 criminal charges in connection with the leak of thousands of classified documents relating to US military activity in Iraq and Afghanistan.

Brussels announced that it has brokered an agreement with the US that it hopes will conclusively end a decades-long row over restrictions on beef imports into the European market.

SThree has enjoyed double-digit fee growth from every other market but its domestic one as the London-based specialist recruiter drove home its strategy to focus on science and technology jobs beyond the UK.

Russia’s central bank cut interest rates by 0.25 per cent for the first time in a year to 7.5 per cent, citing easing inflationary pressure and lowering yields on sovereign debt.

Matt Hancock has withdrawn from the Conservative party leadership race, after receiving the support of just 20 MPs in the first round of voting.

Brokerage Huatai Securities, the first Chinese group to list in London as part of a link between the two financial centres, has priced its stock towards the lower end of its range to raise as much as $1.7bn.

Supply curbs by Opec are being undermined by “relentless” production growth outside of the cartel led by the US, a trend that will continue in 2020.

German pharma and chemicals giant Bayer is pumping €5bn into developing new weedkillers as part of efforts to deal with the fallout from lawsuits claiming its glyphosate-based weedkillers cause cancer.

India wholesale price inflation unexpectedly slowed to its lowest level in nearly two years, remaining below the central bank’s target as it eases monetary policy to support growth. 

Fiat Chrysler Automobiles will work with energy groups Engie and Enel X to provide electric vehicle charging equipment to customers as it seeks to ramp up its presence.

The owner of stricken chemical tanker Kokuka Courageous has said the crew saw something fly towards their ship, a claim at odds with the US Navy’s suggestion it was attacked with limpet mines.