1. Lloyds and other motor finance lenders surge after Supreme Court decision
Shares in lenders, also including Close Brothers, S&U, Secure Trust and Vanquis, reacted after the industry’s worst-case scenario was ruled out.
2. BP strikes largest oil discovery for 25 years offshore Brazil
The well penetrated a hydrocarbon column of around 500 metres and covers an estimated area greater than 300 square kilometres.
3. FTSE 100 rebounds from tariff shock as financial stocks surge
The London benchmark added almost 60 points to close at 9,128.3, with Lloyds and other banks and insurers topping the leaderboard.
4. A new meme stock for the political right?
Shares in American Eagle Outfitters bounced, not because of earnings or margins, but after Donald Trump chose to hail the ad campaign starring actress Sydney Sweeney.
5. S&U chair on FCA redress clarity
Chairman Anthony Coombs joined Proactive to talk about the implications of the “sensible and very balanced” Supreme Court decision and the FCA’s initial guidance on motor finance redress.