1. FTSE 100 live
Shares fight back as pound hits year high
2. King’s Speech takeaways: Railways, renewables, housing and football lead agenda
While avoiding any firm policy details, the speech gave a clear indication of the policies and reforms that Labour hopes will define Starmer’s firm term in the top spot.
3. HSBC promotes former markets and finance chief Georges Elhedery to CEO
Elhedery, who joined the Asia-focused lender in 2005 and after roles including co-CEO of the Global Banking & Markets division, became group chief financial officer in 2023.
4. UK inflation remains in line with Bank of England target
The consumer price index rose 0.1% over the month of June, as expected, which meant the annual rise in CPI remained at 2.0% for the second month running, though the forecast was for it to ease to 1.9%.
5. Microchip stocks including ASML, Nvidia plummet on fears of harsher China sanctions
The sudden fall in chip stocks coincides with news that president Joe Biden is considering ramping up existing microchip export restrictions to China.