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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

Power & Utilities

FIVE at FIVE: Arnault’s allegations; FTSE 100 level; Severn Trent’s £1bn; UK economic recovery; Future soars

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

1. Deals linked to LVMH boss Arnault investigated over suspected money laundering

The investigation into the second richest man in the world also encompasses Russian businessman Nikolai Sarkisov.

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2. FTSE 100 tails off

The UK's premier index was positive all day but finished the quarter just above level, gaining 6 points on the day to finish at 7,606.

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3. Severn Trent to raise £1 billion and raise prices

The news came as the water company unveiled plans to invest £12.9 billion between 2025-2030 as part of its business plan for the regulatory period beginning 1 April 2025 and ending 31 March 2030 as it seeks to cut leakages and sewage spills.

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4. UK economy makes stronger recovery from pandemic than thought

The ONS said GDP actually increased an unrevised 0.2% in the second quarter of the year, although the estimate for the first quarter was revised up to 0.3% from 0.1%.

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5. Future rockets up 22% as trading update offers 'relief' after long slide

The digital publisher, behind brands such as Marie Claire, Country Life, Tech Radar and Android Central, said it was a resilient performance despite continued macroeconomic volatility impacting the sector.

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