British finance minister Rishi Sunak will tell employers on Friday how much they must contribute to the government's hugely expensive wage subsidy programme from August, a prospect that some firms say will lead to more job losses.
Britain's Nationwide Building Society will no longer be able to offer customers above-market savings rates, it said on Friday after setting aside more cash to cover a likely spike in loan losses because of the coronavirus pandemic.
German automaker Volkswagen will have full management control of its JAC-VW joint venture, the company's China CEO said on Friday.
Lending to euro zone companies continued to surge in April as firms scrambled for emergency liquidity amid the continent's coronavirus-related lockdown, data from the European Central Bank showed on Friday.
The Berlin government is likely to reach a deal with Brussels on a $10 billion(8.11 billion pounds) government bailout of stricken airline Lufthansa , senior government official Thomas Jarzombek said on Friday, but stressed the German airline needed fair treatment.
Renault said on Friday it was launching talks with unions to restructure several French car plants, potentially leading to closures, as it confirmed plans to cut around 15,000 jobs worldwide.
France's economy contracted less than initially thought in the first quarter but it still plunged deep into recession and the worst is yet to come, official data showed on Friday.
| FTSE 100 » | 6,151.29 | -1.09% |
| Euro Stox » | 1,367.42 | -1.26% |
| S&P; » | 3,029.73 | -0.21% |
| Nikkei 225 » | 21,877.89 | -0.18% |
| GB 10YR |
+0.188
|
-0.023 |
| DE 10YR |
-0.435
|
-0.016 |
| JP 10YR |
+0.007
|
+0.000 |
| GBP / USD » | 1.2300 | -0.13% |
| EUR / GBP » | 0.9019 | +0.33% |
| GBP / JPY » | 131.9700 | -0.48% |
European shares pulled back on Friday as market participants turned their focus to Washington's response to the Chinese parliament's approval of a national security law for Hong Kong, but major indexes were on course to finish May with solid gains.