1. Pressure building on the government over electric vehicle production
Jaguar Land Rover owner Tata said last week it was considering building its new EV factory in Spain rather than the UK, a prospect which may have become far more attractive after the European Union geared up to announce its response to the US Inflation Reduction Act on Thursday.
2. Amanda Blanc wins plaudits as Aviva revival continues
Since her appointment as chief executive Blanc has been voted business person of the year in 2022 by The Sunday Times, embarked on a selling spree, dealt with an activist investor and tackled head-on sexism from her own shareholders at its AGM.
3. Diageo and Fevertree face growing headwinds this year
The price gap between Fevertree’s premium products and long-time player Schweppes has reduced over the last year and the Swiss bank is cautious that if the British company raise prices, it could dampen progress later this year.
4. FTSE 100 fishes lower as rising pound, weak mining stocks drag down index
At the close, the UK's blue-chip index was well into the red, finishing 0.6% lower at 7,880 points.
5. End of road for Silvergate's crypto experiment
Silvergate Bank, once a traditional financial institution, today faced the music and voluntarily decided to liquidate its holdings, bringing an end to Silvergate Capital’s 10-year experiment in the volatile cryptocurrency markets.