1. BT chief executive Philip Jansen to step down
The BT Group PLC (LSE:BT.A) boss will step down within the next year after failing to breathe life into the telecom giant.
2. Thames Water secures £750mln from shareholders
Investors are also likely to pump an extra £2.5bn over the 2025 to 2030 regulatory period, the debt-laden company said.
3. Twitter killer Threads smashes 100 million users, beating ChatGPT record
Threads, created by Meta Platforms Inc (NASDAQ:FB), gained unprecedented traction since launching, with users flocking to what is being billed as a ‘friendlier’ Twitter.
4. FTSE 100 recovers to start the week on the front foot
The blue-chip index added 17 points to finish at 7,234 points for a 0.2% gain on the day.
5. Deflation looms in China as recovery falters
China’s consumer price inflation flatlined in June and wholesale prices tumbled adding to fears that the Asian country is on the brink of heading into deflation.