1. BT positioned to benefit from an above-inflation price hike
This was one of several “tailwinds” that the investment bank’s analysts see for the FTSE 100 telecoms group in 2023, which backs up a ‘buy’ rating on the shares.
2. Qatar interested in stake in three Premier League clubs
QSI is the sports investment arm of the Qatari government. It owns Paris Saint Germain (PSG) along with other investments in football and other sports.
3. Barclays looks to claw back £11bn from defaulters
Working with Manolete, which describes itself as the leading UK-listed insolvency litigation financing company, the pilot scheme is to run until June 2023, supervised by the British Business Bank (BBB), the FT reported.
4. FTSE 100 closes lower
Footsie finished down around 30 points, or 0.39%, at 7,694.
5. World Bank forecasts global recession this decade
David Malpass, president of the World Bank, said Russia's war in Ukraine, stubbornly high inflation and global interest rate rises threatened to add to the "already devastating" legacy of Covid and resulting global lockdowns.