1. Watches of Switzerland drops 27% on Rolex deal news
Shares tumbled amid growing concerns that Swiss watchmaking giant, Rolex, might be venturing into direct competition
2. Energy cap falls to £1.923
Ofgem’s price cap from October will allow energy suppliers to increase their profit margins even further
3. Heineken suffers huge loss after selling Russia business for €1
Heineken has sold its Russian business at a loss of €300 million (£256 million), a company statement revealed.
4. FTSE 100
London’s blue-chip benchmark ended the week on a positive, albeit only just, finishing Friday 5 points to the good at 7,338.
5. Donald Trump returns to Twitter with mugshot post
Returning to the social media platform for the first time since 2021, Trump shared a mugshot from his booking at Fulton County jail in Georgia