1.Strange few weeks for FAANG
Amazon shares rose 12% in one of the biggest one-day gains in stock market history today, fresh off the back of Facebook owner Meta recording the biggest ever single-day fall.
2.Manchester United close to crypto shirt sponsor
Manchester United is reportedly close to announcing a multi-year training kit sponsorship with Tezos, a proof-of-stake blockchain platform.
3.Employees shouldn’t ask for big pay rises
Unions have reacted with fury to a suggestion from the Bank of England Governor that people shouldn’t ask for a big pay rise this year to offset soaring household costs.
4.FTSE 100 closes in the red - just
FTSE 100 closed down around 12 points, or 0.17%, at 7,516.40. The session peak was 7,599.73, while the low was 7,497.21.
5.Energy prices likely to go up again in at next review
Ofgem, the British gas and electricity regulator, is currently set to review the caps once again in August, with any changes to come into effect in October.
More on next week’s news
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