1. FTSE 100 closes at record high
FTSE 100 closes at a record high of 8,023.87, beating last year's peak of 8,014 and marking a 1.62% jump on Monday.
2. Royal Mail owner doubles down on calls for regulatory change
Royal Mail’s universal service obligation, legally requiring the letter service, had left the company undervalued and “vulnerable to corporate predators,” Redwheel said.
3. Thames Water unveils new 45% bill hike plan
Average bills would jump from £433 this year to as much as £627 by 2030 under an updated plan, unveiled by the water firm on Monday.
4. Ocado pressured to abandon London by top shareholder
According to weekend reports in the Sunday Telegraph, one of Ocado’s top shareholders, an undisclosed “leading fund manager”, asked Ocado’s board to properly explore the idea.
5. Debt-laden Asda publishes delayed financials
Adjusted earnings increased 24% to slightly over £1 billion while underlying free cash flow was up 31% to £776 million.