FIVE at FIVE: FTSE 100 close to new high; ManU expecting bids; Royal Mail investors unfazed by hack; Winklevoss ‘super lame’ lawsuit; British Airways' owner downgraded

Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news

Proactive Published 13/01/2023

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1. FTSE 100 closing in on all time high

Footsie closed on Friday around 50 points higher, or 0.64% at 7,844.

2. Manchester United expects bids 'imminently' - report

This includes approaches from around the world ahead of the ‘mid-February deadline’ with some suitors expected to go public as early as next week, according to reports.

3. Royal Mail: Investors in parent company unfazed by cyber attack

Shares in Royal Mail parent International Distributions Services PLC (LSE:IDS) opened the session almost flat at 224.5p. For the week, they were down 2.5%.

4. SEC lawsuit against Gemini is ‘super lame’ says co-founder Tyler Winklevoss

A public spat erupted between the two companies, with Cameron Winklevoss accusing Genesis of withholding nearly a billion dollars in customers’ assets after Genesis suspended these in November 2022.

5. British Airways owner IAG downgraded despite 'material' upgrades after fuel price falls

British Airways owner International Consolidated Airlines Group SA (LSE:IAG) shares do not currently offer “sufficient upside,” said UBS analysts, despite soaring on Friday.