Summary

  1. British Steel enters insolvency process
  2. Pound slides against the dollar and euro
  3. UK inflation reaches 2.1% in April, highest in 2019
  4. ARM memo tells staff to stop working with Huawei
  5. Pret A Manger buys out rival EAT for undisclosed sum
  6. Royal Mail announces dividend cut to fund turnaround
  7. Marks & Spencer suffers 10% drop in underlying profits
  8. Ofgem fines firm which left hundreds without gas
  9. Get in touch: bizlivepage@bbc.co.uk