1. Tesla to ramp up production as profits soar
Despite supply chain issues, chief executive Elon Musk said he expects the electric vehicle manufacturer to deliver up to 1.5mln vehicles this year, up from his previous target of 1.3mln and the almost-1mln delivered in 2021.
2. Nestle yet to feel the squeeze of passing on prices
Organic sales at the Kit Kat maker grew more than expected in the first quarter of 2022 at 7.6% thanks to an average 5.2% hike in prices across its brands and markets.
3. BT well placed to deal with inflation, says JP Morgan
Concerns about the sector have focused on high debts and lack of pricing power, but JP Morgan says the group as a whole has performed well relatively this year.
4. FTSE 100 finished flat
At the London close, the UK blue-chip index slipped a single point, or 0.01%, to 7,628, as disappointing results from some big miners offset optimistic outlooks from the airline sector.
5. THG cuts guidance and dismisses buyout talks
The announcement follows speculation that THG is a possible bid target. The company said it is “not currently in receipt of any approaches”.
Let’s take a look at some of tomorrow’s news
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