1. Pantheon’s Alkaid#2 not understood, says its chief executive
“The production test is still ongoing and far from complete as less than 40% of the estimated frac fluid has been recovered and hence there is still scope for further production improvement,” Cheatham said.
2. IAG and easyJet have the potential for further growth headroom
Airlines are still “in the early stages of recovery from the pandemic”, said Liberum analyst Gerald Khoo in a note on Tuesday.
3. Weak PMIs spark recession talks
Today’s fall in the PMI figure to a 24-month low highlighted the risks that this could happen in the first half of the year, if not before.
4. FTSE 100 closes lower on renewed recession fears
At the close of trading Tuesday, the FTSE 100 had fallen 24 points to 7,757 for a 0.4% loss on the day.
5. Gold miners to keep an eye on as precious metal ticks towards US$2,000
And, at just over £1,575 per ounce, the sterling price is also nudging at records, although there was a run up towards current levels back in the spring of last year as the Russian invasion of Ukraine combined with chaos in UK domestic politics.