1. BP to invest more in Britain until at least 2025
The transitioning oil supermajor said it will invest “more than double the profit it generates in the UK” until the middle of the decade, against a backdrop of calls for a windfall tax on hydrocarbon profits.
2. Ocado shares hit by ‘horrendous’ guidance
Ocado shares fell to their lowest since before the first UK coronavirus lockdown in 2020.
3. Older generation panicking over inflation
Almost two-fifths of investors are worried about inflation and especially the young, according to two new bits of research.
4. Footsie posts frugal fall
The FTSE 100 index closed 6.40 points, or 0.1% lower at 7,567.07 on Tuesday as inflation worries held sway.
5. Power Metals reviewing strategic options
Power Metal Resources said it is reviewing a number of strategic options for its Reitenbach uranium property, including a potential outright sale, as well as four spin-offs planned by this year and suggests if all go well there could be a six-fold increase in their value.
And more on tomorrow's news
Announcments from GlaxoSmithKline, Barratt and Dunelm plus many more