1. Backlash over P&O sackings
P&O Ferries continues to attract condemnation for its abrupt and brutal sacking yesterday of 800 staff.
2. Wetherspoons glad to see back of restrictions
The pubs group revealed in its half-year results to 23 January 2022 that like-for-like (LFL) sales were down 11.8% on the corresponding pre-COVID period two years earlier.
3. Six out, four in for Polymetal
Polymetal International, the Russia-focused miner, announced four appointments of independent non-executive directors to its board after six directors resigned last week.
4. FTSE 100 closes higher
FTSE 100 closed in positive territory, up around 19 points, or 0.26%, at 7,404.73 on the day. Over the week as a whole, it gained 249 points, or 3.48%.
5. Lloyds and others will benefit from further rate rises, says UBS
“Financials and value stocks tend to outperform in periods of rising rates,” wrote Mark Haefele, chief investment officer at UBS Global Wealth Management. ``We advise investors to prepare for higher rates.”