MORNING NEWS: Factory orders falling but Joules defies high street gloom

Good morning. In the news today, The Times reports that Brexit uncertainty and a slowdown in global growth are weighing on British manufacturers, with factory orders falling at the fastest pace in a decade. Also in The Times, a focus on practical, colourful clothes rather than following fast-fashion trends has helped Joules to defy the wider retail gloom to report a boost in sales and profits. Falling beer sales give big four grocers a sore head Glow wears off for PZ Cussons brands Santander’s profits fall by a third as banks tussle for mortgage customers Hotel owner far from sleeping easy Hermès: cachet cushion WeWork aims for sooner-than-expected IPO in September Fever-Tree loses its fizz as cool start to summer knocks back sales