Financial Times: Theresa May suffered a substantial parliamentary defeat on her Brexit plan B on Thursday, underlining the difficulty of agreeing any deal that could win the backing of the House of Commons.
Financial Times: Airbus is to stop production of the A380 in 2021 after Emirates, its largest customer, slashed its order from 162 to 123 aircraft.
The Daily Telegraph: Amazon has pulled the plug on opening a new headquarters in New York after fierce local opposition.
Financial Times: Patisserie Valerie’s management team and Irish private equity fund Causeway Capital have agreed to acquire the café chain, rescuing it from administration and saving about 2,000 jobs.
Financial Times: Jack Ma’s Chinese financial services giant Ant Financial has agreed to buy British payments group WorldFirst in a $700 million deal.
Business and economics
The Guardian: Renewable energy sources will be the world’s main source of power within two decades, according to BP.
Daily Mail: Sales at Puma jumped 12.4% to £4.1 billion last year as younger shoppers snapped up crop-tops, leggings and chunky trainers.
Financial Times: A recovery in China and the US, and new healthier products boosted organic sales growth at Nestlé for the first time in seven years.
The Daily Telegraph: Credit Suisse’s first annual profit since 2014 was held back by its struggling global markets trading operations, which registered a 10% decline in annual net revenue.
Financial Times: Top shareholders of Deutsche Bank are calling for its chief executive to make deeper cuts to its perennially lossmaking US investment bank.
The Daily Telegraph: ConvaTec’s shares fell almost a fifth on Thursday after the medical technology company launched a $150 million restructuring.
Financial Times: The billionaire co-founder of Uber, Travis Kalanick, is secretly ramping up his new venture CloudKitchens after being pushed out as head of Uber.
The Guardian: Ryanair has said air traffic control strikes and staff shortages will cause record levels of disruption to holiday flights this summer.
Financial Times: Jet Airways revealed a $1.2 billion rescue package plan to shore up its finances as the Indian carrier reported its fourth consecutive quarterly loss.
The Times: The Restaurant Group announced resignation of its chief executive less than two months after he pushed through the controversial acquisition of the Japanese noodle bar chain Wagamama.
The Daily Telegraph: Interserve will be forced to immediately hand over £66 million to its lenders if its largest shareholder thwarts a controversial debt-for-equity rescue deal announced last week.
The Times: The Bank of England will probably cut interest rates in the event of a no-deal Brexit, one of its nine policymakers has said.
Daily Mail: German sports car firm Porsche has written to customers to warn them that they might have to pay extra for their new cars after Brexit.