THE DAILY BRIEFING

SWEET DREAMS Mattress company Eve Sleep is set to float on London’s AIM market later this month to raise an estimated £35m.

BANK MOVES Wall Street giant JP Morgan will shift a few hundred staff out of the UK to secure access to the Continent after Brexit, bosses have confirmed. Chief executive Jamie Dimon had claimed as many as 4,000 staff might face the sack.

AIR SALE Italian state airline Alitalia will be put up for sale in the next 15 days, ministers said. It was put into administration after workers rejected a £1.5bn rescue plan.

OIL PLEA Trade body Oil And Gas UK has urged the Prime Minister to safeguard its EU workers in Brexit negotiations.

NEW FASHION German clothes designer Hugo Boss has unveiled a £40.6m profit for the first three months of the year, up 25pc on the same period in 2016.

SHELL BOOST Oil major Shell is expected to report more than £2.4bn in profits this morning, boosted by rising oil prices and cost cutting.

SHINE FADES Diamond miner Lucara Diamond Corp has reported profits of £3.79m for the first quarter, compared to £23.7m last year.

PRODUCTION CUT Russia’s largest oil producer, Rosneft, says it has cut its average first-quarter oil production by a little more than 70,000 barrels per day following a global deal to reduce output.

BANK STOCK China’s HNA Group is now the top shareholder in Germany’s Deutsche Bank.

BOSS QUITS Chief executive Ian McCaig, 51, will leave First Utility in September for personal reasons.

WEB SALES Online fashion brand Net-A-Porter boasted soaring sales in Asia as revenues grew by a fifth to £435m.

The firm registered 200m visits from customers who made 2.2m orders. The average order value was £390.

NO CHANGE The US Federal Reserve left interest rates unchanged yesterday but said that it expects to raise borrowing costs later in the year.

BREXIT BASH Tim Martin, chairman of pub group JD Wetherspoon, has attacked the CBI lobby group for its ‘desperation for a deal’ position on Brexit negotiations.