1. Goldman Sachs (NYSE:GS)-backed firm plans mega-factory for flat-packed housing
TopHat, which is majority-owned by the investment bank, expects to manufacture 4,000 flat-packed homes a year at its new factory in Corby from next year
2. Fidelity says Central Banks could put brakes on fiscal tightening
The Bank of England, the European Central Bank and the Federal Reserve all recently raised base rates of interest in separate bids to curb rising inflation.
3. easyJet customers will still choose price over reputation
One of Britain’s biggest budget airlines has already been forced to cancel thousands of flights this year, with staff shortages brought on by Covid cited as the main reason.
4. FTSE 100 manages Monday gain
At the close, the UK blue-chip index was 105.56 points, or 1.5% higher at 7,121.81, not far below the session peak of 7,129.64 and well above the early session low of 7,016.15.
5. Cazoo's fall drives shareholders up the wall
Cazoo is now worth less than US$700mln, one-tenth of its initial valuation.