1. ‘Greedflation’ calls erupt as inflation sticks above 10%
Food retailers in the UK have faced repeated accusations of profiteering with claims inflation has been used as a guise to hike prices faster and further.
2. SpaceX could delay Starship launch further
SpaceX may have to further delay the launch of its largest and most powerful rocket, Starship, founder Elon Musk has admitted.
3. FTSE 100 closes 11 points lower
The FTSE 100 stayed fairly quiet by the close, finishing around 0.1% lower at 7,899 points
4. Glencore pressures Teck with hostile bid and improved offer threat
Switzerland-based Glencore’s approach involves splitting both companies' coal interests from their metals businesses and into a new venture.
5. Lidl trounces Tesco in yellow circle trademark case
Tesco PLC (LSE:TSCO) has been told to stop using a yellow circle in its promotions after being sued by the German discounter in 2020.