1. BP boss quits with no great drama in the City
BP PLC (LSE:BP.) CEO Bernard Looney resigned, effective immediately after it was discovered that he was not “fully transparent in his previous disclosures”, the latest in the company's troubling timeline of problems since its early years.
2. Will Arm IPO be the next WeWork, or SoftBank’s greatest hit?
ARM Holdings parent company SoftBank is eyeing the upper end of its valuation target for the British semiconductor group as the year’s largest tech IPO approaches.
3. UK economy contracts in July hit by strikes and bad weather
Britain's economy resumed its downward path in July, hit by a drop in the services sector in further evidence that interest rate rises are slowing down the engines of growth in the UK.
4. FTSE 100 falls 2 points to 7,526
At the close, London's lead index was down 1.54 points at 7,525.99 while the FTSE 250 rose 19.20, 0.1%, at 18,561.50.
5. Loungers hits new milestone with latest site opening
The latest opening from Loungers PLC brings its total estate size across all three divisions – Lounge, Cozy Club and newer roadside dining concept Brightside – up to 238.