1. Imperial Brands hits five-year high as cigarette volumes stabilise
The maker of Lambert & Butler, Golden Virginia and Blu vapes confirmed a 4.5% hike to its dividend in today’s annual results and set out guidance for the new financial year that impressed investors and analysts.
2. FTSE 100 and European stock markets on the back foot after Russia warning
European stock markets fell, while gold prices and the dollar rose after an aggressive statement from Russia about its nuclear threat.
3. UK retailers hit out at Budget double whammy
Major retailers, including Tesco, Sainsbury and Next, sent a letter to Rachel Reeves warning that rising costs and tax increases from the Budget will lead to job losses, shop closures and price hikes.
4. British Airways IT outage causes burst of travel chaos before quick fix
Headlines screamed about another computer glitch at British Airways, which led to chaos for some passengers travelling through Heathrow, but the company said the issue was only limited thanks to a £750 million IT investment in the past year.
5. Mulberry hints at job losses as revenues plummet at iconic British label
The leather handbag maker delivered a weak set of half-year results, highlighting the challenges the British label faces in a time of plummeting global luxury spending.
And some small caps
Technology Minerals battery recycling business inks deal with Halfords
Helix Exploration declares discovery in Clink well
CML Microsystems shares plunge to four-year low on interim results