1. Tesco appoints former Aldi head as UK boss
Former Aldi boss Matthew Barnes will head up its UK operations, leaving investors questioning whether he could one day be the successor to top dog Ken Murphy.
2. AI risks include terrorism and biological warfare, but let’s not rush to regulate, says Sunak
“The UK’s answer is not to rush to regulate. This is a point of principle. We believe in innovation. It’s a hallmark of the British economy, so we will always have a presumption to encourage it, not to stifle it,” he stated.
3. FTSE 100 drops 60 points as equity sell-off continues
While the ECB kept the pause button pressed, the FTSE 100 fell 60 points
4. Hipgnosis Songs shareholders vote against continuation, chairman ousted
A total of 83.2% of shareholders voted against the continuation, the company confirmed in a statement, meaning the planned vote on a proposed £440 million music rights sale to Blackstone will no longer go ahead.
5. WPP slumps to 3-year low after slashing revenue outlook
The FTSE 100-listed ad giant's revenues less pass-through costs fell 5% in the third quarter, although only 0.6% on a like-for-like (LFL) basis.