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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

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FIVE at FIVE: Oil heads to US$100; Kingfisher slumps; Ocado accelerates; BP's first female C-suiter; FTSE 100

Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news

1. BP names Kate Thomson as interim CFO

Thomson, who has served at BP for 19 years, becomes the oil giant's first female finance chief.

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2. Oil to reach US$100 a barrel once again

Following sustained production cuts by OPEC+ nations this year, WTI and Brent Crude look to be approaching US$100 a barrel, Chevron's boss said.

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3. Kingfisher lowers guidance as first-half profit slumps

The Screwfix and Tradepoint owner now expects adjusted pre-tax profit of around £590 million, down from the £634 million previously tipped.

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4. Ocado and M&S joint venture accelerates quarterly growth

Revenue from Ocado Retail was up 7.2%, leaving the retailers anticipating a full-year profit.

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5. FTSE 100 held modest gains at the close ahead of inflation figures on Wednesday

At the close, London's lead index was up 7.26 points at 7,660.20 while the FTSE 250 fell 22.57 points, 0.1% at 18,426.70

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The Markets
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