1. FTSE 100 rockets as commodity prices jump
At the close, London’s lead index was up 147.09 points, 2.0%, at 7,673.08 while the FTSE 250 soared 338.20 points, 1.8%, at 18,899.70.
2. Nasdaq welcomes Arm back to the fold
Arm’s per-share offering of $51 gives the company, whose technology is found in virtually every smartphone in the word, a valuation of $54.5 billion.
Bonus: Should you invest in Arm?
3. BP's replacement for Looney also reportedly in a relationship with colleague
Murray Auchincloss was made interim CEO on Tuesday night when the FTSE 100 oil supermajor revealed that Looney was stepping down with immediate effect.
4. Lidl swings to loss as expansion plans continue
Posting a loss of £75.9 million for the financial year compared to an underlying profit of £41.1 million the year before, the German-owned retailer said the shift to the red came after “a relentless focus on price”.
5. UK eyes streamlined space launch regulation to become 'global satellite hub'
In a push to reinvigorate a space industry criticised for being too slow-moving, the UK government has unveiled plans to streamline regulation, simplify satellite launches and adapt to rocket companies of large and small.