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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Breaking pre-market news on Tuesday,
- Tesco says CEO Terry Leahy to retire; Philip Clarke to succeed – statement.
- Chloride recommends £800m/325p a share cash offer from ABB – statement.
- UK retail sales rebound in May – report.
- Rockhopper Exploration to raise £48.5m at 280p a share to fund further testing of its Sea Lion prospect off the Falklands – statement.
- Corporate: Aggreko, Centamin Egypt, Charles Stanley, D1 Oils, London & Stamford, WH Smith, Wm Morrison.
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