1- TUI’s quarter can’t convince The City
TUI’s better than expected fourth-quarter operating cash flow number was still not enough to convince Barclays Capital of the merits of investing in the travel group.
2 - FTSE can't keep it up
The FTSE 100 started on the front foot but ended up losing 0.2% as investors reacted to the new Covid restrictions and the potential for more.
3 - Zephyr eyes a crypto commercialisation
Zephyr Energy is looking to cryptocurrency mining as one of its options to commercialise is new discovery in Utah - chief executive Colin Harrington joined Proactive to discuss the exciting project.
4 - Morgan Stanley (NYSE:MS) sees ‘tactical opportunity’ in mining
Investment heavyweight Morgan Stanley (NYSE:MS) said there’s a tactical opportunity in the mining sector ahead of an iron ore price bounce – and it upgraded its view on Rio Tinto for good measure.
5 - Investment trusts have become sexy?
While investment trusts haven’t always got investors hearts racing, they seem to have become a lot sexier during the pandemic – well, that’s according to Proactive’s Oli Haill who highlights a surge of inflows from the under 25s.
The day ahead: Friday, December 10
Primark owner Associated British Foods said last month it was expecting “significant progress” in profit as Primark rebounds strongly - so long as no more COVID-19 restrictions introduced.
Hmm - awkward. Anyway, it should make tomorrow's speeches at the FTSE 100 group's annual general meeting a bit spicier.
Finals: Nexus Infrastructure PLC
Interims: Frasers PLC, SDCL Energy Efficiency Income Trust PLC, Yellowcake PLC
AGMs: Associated British Foods PLC, UP Global Sourcing Holdings PLC (LSE:UPGS)
Economic announcements: Balance of Trade (UK), Gross Domestic Product (UK), Index of Services (UK), Industrial Production (UK), Manufacturing Production (UK), Consumer Price Index (US)