1. Cineworld shareholders to be wiped out in restructuring plan
The plan is expected to see lenders convert debt of US$4.53bln alongside providing a US$1.9bln financing facility and funding an US$800mln equity rights issue.
2. Big short against NatWest taken by hedge fund Marshall Wace
The London-based hedge fund has taken a £155.6mln short, the largest disclosed short position against the bank since records began in 2012.
3. FTSE 100 settles below 7,800 mark after Easter break
The FTSE 100 had a good trading day but couldn't hold its head above the 7,800 mark, closing at 7,786 points for a very respectable 0.6% gain on the day.
4. Bitcoin smashes 30k, dominance hits two-year high
30k was a key target for bitcoin longs since the start of 2023, when the benchmark cryptocurrency proved itself as among the best-performing asset classes and a safe-haven play amid widespread turmoil in the traditional markets.
5. Rolls-Royce and Mini contribute to slowing BMW sales
BMW AG saw total sales drop by 1.5% year-on-year influenced by shifts in both its UK brands Mini and Rolls-Royce.