1. 888 activist takeover folds under bribery investigation
Due to the risks associated with this investigation, 888 has concluded that these appointments will not be approved by the GBGC gambling regulator and has thus decided to end discussions.
2. Gatwick strikes to disrupt British Airways and easyJet's busiest summer since Covid
Gatwick Airport will suffer eight days of strikes over the summer holidays as almost a thousand workers represented by the Unite union fight for better pay.
3. FTSE 100 flat at the close but sees a winning week
At the close, the FTSE 100 had dropped about 6 points to finish flat at 7,435 points.
4. ITV no longer looking to buy Gogglebox maker, All3Media
In a brief statement, ITV said “it continues to monitor but is no longer actively exploring the possible acquisition of All3Media.”
5. Latest rise in gilt yields means property values are likely to keep shrinking
Despite the recent surge in gilt yields, with 10-year yields having recently topped now 4.5%, there has not been the same surge to sell property assets as was seen in the wake of the mini-budget in September, observed property economist Matthew Pointon.