LONDON--Senior members of the government are becoming convinced of the need for a phased British departure from the European Union to help protect the economy, finance minister Philip Hammond said on Sunday.

  Brexit minister David Davis heads to Brussels on Monday for a first full round of talks, with EU officials hoping the British government, yet to set out detailed proposals on several major issues, begins to show more urgency about doing a deal before Britain leaves the bloc in 2019.
  Hammond, who supported remaining in the EU at last year's referendum, is seen as the voice of a so-called 'soft Brexit' within Prime Minister Theresa May's cabinet, favouring prioritising trade ties with the EU over curbing immigration. With May weakened by a failed election gamble last month which saw her Conservatives lose their parliamentary majority, Britain's weekend papers were full of stories of infighting as cabinet colleagues reportedly vie for her job.
  Hammond, regarded as one potential successor to May, has repeatedly talked about the need for a transitional deal, saying such an arrangement would see Britain replicate as much as possible the existing arrangements in order to minimise the impact on business. Hammond said the majority of his colleagues now recognised this was "the right and sensible way to go".
  "Five weeks ago the idea of a transition period was quite a new concept, I think now you would find that pretty much everybody around the cabinet table accepts that there will be some kind of transition," Hammond told BBC TV. "I think you'll find the cabinet rallying around a position that maximises our negotiating leverage and gets the best possible deal for Britain."
  Trade minister Liam Fox, who favours making a cleaner break with the bloc, said he did not have a problem with a transition period as long as it was for a limited duration and gave Britain the freedom to negotiate its own trade deals.
  Hammond said the government needed to provide as much clarity as possible, as soon as possible, to restore business and consumer confidence and keep the economy moving. "It is absolutely clear that businesses, where they have discretion over investment, where they can hold off, are doing so ... they are waiting for more clarity about what the future relationship with Europe will look like," he said.
  The length of any transition would depend on how long is needed to get new systems in place in areas such as customs and immigration, but it should be a defined period and was likely to need to be "a couple of years," Hammond added.
  Hammond himself was the subject of a number of damaging newspaper stories over the weekend, including one which said he had called public sector workers "overpaid". The finance minister said he was being attacked for his Brexit views.
  "Some of the noise is generated by people who are not happy with the agenda that I have ... tried to advance of ensuring that we achieve a Brexit which is focused on protecting our economy, protecting our jobs and making sure that we can have continued rising living standards in the future," he said.

Microsoft Corporation

NMS : MSFT - 20 Jul, 12:14pm
+0.03 (+0.04%) After Hours:
Open 74.18 Mktcap 570.47B
High 74.24 52wk Hight 74.24
Low 73.28 52wk Low 55.61
Vol 13.99M Avg Vol 25.46M
Eps 3.03 P/e 32.61
Currency: USD

Alphabet Inc.

NMS : GOOG - 20 Jul, 12:14pm
-0.75 (-0.08%) After Hours:
Open 975.00 Mktcap 671.09B
High 975.90 52wk Hight 988.25
Low 968.22 52wk Low 727.54
Vol 719125 Avg Vol 1.65M
Eps 33.96 P/e 32.78
Currency: USD

Apple Inc.

NMS : AAPL - 20 Jul, 12:14pm
-0.08 (-0.05%) After Hours:
Open 151.50 Mktcap 786.98B
High 151.74 52wk Hight 156.65
Low 150.19 52wk Low 96.42
Vol 8.27M Avg Vol 27.34M
Eps 8.91 P/e 17.71
Currency: USD

International Business Machines

NYQ : IBM - 20 Jul, 12:14pm
-0.1793 (-0.1215%) After Hours:
Open 147.5300 Mktcap 138.44B
High 148.8300 52wk Hight 182.7900
Low 147.0300 52wk Low 146.7100
Vol 2.39M Avg Vol 4.38M
Eps 13.7300 P/e 12.1177
Currency: USD

Oracle Corporation

NYQ : ORCL - 20 Jul, 12:14pm
+0.00 (+0.00%) After Hours:
Open 51.14 Mktcap 210.97B
High 51.19 52wk Hight 51.85
Low 50.83 52wk Low 37.62
Vol 2.74M Avg Vol 13.13M
Eps 2.96 P/e 23.08
Currency: USD

EMC Corporation

NYQ : EMC - 06 Sep, 4:00pm
+0.28 (+0.97%) After Hours:
Open 28.75 Mktcap
High 29.13 52wk Hight 29.13
Low 28.65 52wk Low 22.99
Vol 102.67M Avg Vol 14.38M
Eps 1.84 P/e
Currency: USD

Nokia Corporation Sponsored Ame

NYQ : NOK - 20 Jul, 12:14pm
+0.06 (+0.96%) After Hours:
Open 6.25 Mktcap 35.69B
High 6.28 52wk Hight 6.65
Low 6.20 52wk Low 4.04
Vol 6.24M Avg Vol 17.16M
Eps 0.25 P/e
Currency: USD

Intel Corporation

NMS : INTC - 20 Jul, 12:14pm
+0.065 (+0.188%) After Hours:
Open 34.540 Mktcap 163.05B
High 34.670 52wk Hight 38.450
Low 34.475 52wk Low 33.230
Vol 4.46M Avg Vol 22.09M
Eps 2.860 P/e 14.989
Currency: USD

Royal Dutch Shell PLC Royal Dut

NYQ : RDS-A - 20 Jul, 12:14pm
+0.44 (+0.81%) After Hours:
Open 54.53 Mktcap 222.18B
High 54.63 52wk Hight 56.39
Low 54.30 52wk Low 46.57
Vol 3.97M Avg Vol 3.20M
Eps 3.29 P/e 29.14
Currency: USD