1. Lloyds plays down hopes for 2023 but there is plenty of life left in UK banks
All three high profile banks have seen their share price slump in the past week despite reporting cumulative profits of over £19bn, share buybacks and bumper dividends.
2. FTSE 100 closes red as Rio Tinto drags index lower
The UK's blue chip index finished 47 points lower at 7,931 points for a 0.6% loss on the day as commodity price weakness dragged the FTSE 100 lower.
3. BHP shares have 'no further upside' says Goldman Sachs (NYSE:GS)
Aussie-based BHP already trades at a premium to its rivals Glencore and Rio Tinto, but cash flow is lower than and so is the dividend yield, Goldman said.
4. Citi sees inflation close to 2% by end of 2023
Citi is forecasting a sharp fall in inflation, higher interest rates and improved public finances after yesterday’s PMI and government borrowing numbers.
5. Abu Dhabi Investment Authority throws its hat in for stake in Associated British Ports
Abu Dhabi Investment Authority has joined the group of bidders chasing a 34% stake in Associated British Ports that could be worth £2bn.