1. Metro Bank: Crisis averted, but does it have a long-term future?
Relief appears to be the market’s immediate ‘emotional response’ to the news that Metro Bank Holdings PLC (LSE:MTRO) has received an equity and debt bail-out that stabilises the business.
2. British Airways-owner IAG leads airlines lower amid Israel conflict
IAG was down 3.4%, while Wizz Air Holdings PLC (AIM:WIZZ) slid 4.7% and easyJet PLC declined 4.0% as the oil price jumped and flights were disrupted.
3. FTSE 100 closes little changed
At the close, London's blue-chips were down 2.37 points at 7,492.21 while the FTSE 250 was down 160.26 points, 0.9%, at 17,572.06,
4. Luxury stocks feel pinch as wider downturn looks to catch up
European luxury stocks have faced their worst quarterly performance since the pandemic struck, as concerns over the bleak outlook in the US, Europe and China seem to catch up.
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5. House of Frasers to shift away from traditional department store, says boss
Ashley’s Frasers Group PLC (LSE:FRAS), which also owns retailers Sports Direct and Flannels, is considering bringing a new approach to the department store and has even planned for the eventual disappearance of the brand.