1. "No grownups" in Number 10, food price control plans blasted
Reports that ministers are working with supermarkets to voluntarily cap the price of basic food items has been slammed by both Stuart Rose, chairman at Asda, and Clive Black at Shore Capital.
2. Nvidida US$1trn market cap
NVIDIA Corporation (NASDAQ:NVDA) is the first chipmaker to reach a market cap of US$1tln after it confirmed a digital advertising deal with WPP PLC (LSE:WPP)
3. Lloyds and Barclays' 'paltry' saving rates exposed
Between January 2020 and March 2023, Barclays PLC (LSE:BARC) and Lloyds Banking Group PLC (LSE:LLOY) only paid 0.1% interest to users of their instant access accounts.
4. FTSE 100 slides on oil price weakness to close at 8-week low
At the close, the UK's main index had suffered a 1.4% loss on the day to finish at 7,522 points
5.Asda snaps up EG Group's UK and Irish business
The UK grocer will snap up 350 petrol-filling sites and over 1,000 food-to-go locations as part of the deal.