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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Banks

FIVE at FIVE: SpaceXplodes; Melrose spin off; FTSE 100 trades sideways; InsurTech soars; Lloyds under scrutiny

Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news

1. SpaceX's Starship blows up on first full test flight

In the company's words, Starship "experienced a rapid unscheduled disassembly before stage separation".

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2. Melrose spin off leaves us where we started but was it worth it?

“Buy, Improve, Sell” is the Melrose Industries PLC (LSE:MRO, OTC:MLSPF) motto but is the ‘turnaround’ business merely an asset stripper looking for a short-term buck?

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3. FTSE 100 closes above 7,900

The FTSE 100 managed to hold onto marginal gains to close 4 points, less than 0.1% up at 7,903.

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4. Ondo InsurTech soars 80% after deal with US business improvement group Watch

Ondo CEO Craig Foster said: "This is a game-changer proposition within the home insurance industry which can considerably accelerate our business scaling.

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5. Upcoming results from Lloyds, NatWest under scrutiny as banks profiting from interest rate rises

The FCA stressed: "We have been monitoring the speed and extent of firms’ pass-through to their savings products following increases in the base rate.”

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The Markets
by Proactive
Proactive UK has moved.
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