- Whitbread to spin off Costa Coffee as a separate business
- Housebuilder Persimmon has reported robust trading so far this year
- Online fashion retailer Boohoo has reported surging full-year sales and profits
Lloyds Banking Group has cheered a ‘resilient’ UK economy as it notched up a hike in first quarter profits, despite taking another £90 million hit from the payment protection insurance scandal. Meanwhile the FTSE 100 is in red territory.