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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

Archive

FIVE at FIVE: ASOS sales slip; Water firms refund; BT goes digital; FTSE 100 flat; Meta's massive break fee

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

1. Asos sales fall, pushing profit towards low end of hopes

Sales continued to fall across the group's four main geographies, but the downturn worsened in every region except the EU.

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2. UK water companies ordered to pay customers millions

A fine for Thames Water, which was the largest issued today, came as part of a £114 million rebate package for customers unveiled by Ofwat.

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3. BT unveils timetable to scrap landlines and switch to digital voice

Trials have already been running in some areas, with Yorkshire, the Humber and Northern Ireland switching in recent months.

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4. FTSE 100 ends little changed

At the close, London's lead index was up 1.73 points at 7,625.72 while the FTSE 250 was down 78.66 points, 0.4% at 18,336.65.

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5. Meta pays massive break fee to property developer British Land

Analysts said the £149 million fee was staggeringly high for the Facebook and Instagram owner's decision to vacate the office building next door to Regent's Park.

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Bonus: Now that interest rates are peaking, what are analysts recommending?

The FTSE 100, UK energy stocks and defensive are among the areas being tipped by strategists at UBS and elsewhere as the Bank of England and other central banks appear to have pressed pause on interest rates.

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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK