1. Sorrell seems to be the hardest word
Sir Martin Sorrell’s acquisitive ad company S4 Capital PLC (LSE:SFOR)has delayed its annual results for a second time and investors are starting to smell a rat.
2. Royal Mail fails to get the P&O message
Royal Mail PLC (LSE:RMG) faces UK-wide strikes over plans to axe 1,000 managers. The Unite union suspects this is another instance of "fire and rehire".
3. Steelworkers to gain compensation after being advised to exit copper-bottomed pension scheme
The Financial Conduct Authority (FCA) has set in motion plans to compensate former members of the British Steel Pension Scheme (BSPS), who were given unsuitable advice to transfer out of their guaranteed pension by financial advisers.
4. Pantheon joins the billionaires club
Pantheon Resources PLC saw its market valuation soar above £1bn on the back of new oil discoveries in Alaska.
5. FTSE 100 slips on inflation figures
The FTSE 100 index closed 63 points, or 0.8%, lower at 7,515.7 following the latest strong US inflation figures.