1. London Underground strikes called off, rail walkout still on for Wednesday
Rail, Maritime and Transport (RMT) union members have called off Tube strikes this week after “significant progress” was made in negotiations.
2. Meta may charge European users for ad-free Instagram and Facebook
Meta Platforms Inc (NASDAQ:FB) may make subscribers in the European Union pay for ad-free access to Facebook and Instagram, according to reports.
3. HS2 confusion over northern leg continues as Sunak mulls decision
Whether HS2 will continue through Birmingham to Manchester remains a mystery, with prime minister Rishi Sunak giving little away about the fate of the rail project.
4. FTSE 100 closes at session lows, down 41 points at 7,470
At the close, London's lead index was down 40.56 points, 0.5%, at 7,470.16 while the FTSE 250 was at a year low, down 299.53 points, 1.7%, at 17,677.76.
5. Boohoo warns of slipping sales after swinging into the red
Boohoo Group PLC (AIM:BOO) shares tumbled almost 10% after the online fashion retailer revealed it slipped into the red in the first half as revenue fell sharply.