1. Strikes aplenty in the travel sector
More British Airways workers at Heathrow Airpor have voted to go on strike during the coming summer holidays as they are still waiting for 10% pay cuts implemented during the pandemic to be reversed.
2. Hedge fund colossus makes a giant bet against European companies
Shades of Soros as the world’s largest hedge fund almost doubles the size of its short bet against European companies in the past week.
3. Zephyr has the wind in its sails
Zephyr Energy shares enjoyed a good day on the back of well-received full-year results. The Rocky Mountain oil and gas company said preparations are well underway for the commencement of a high-impact three-well drilling programme to further delineate the scale of the Paradox project in Utah.
4. FTSE 100 lower after a welter of dismal UK economic data
At the close, the UK blue-chip index was 68.77 points, or 1.0% lower at 7,020.45, just above the session low of 7,014.19, and well below the morning peak of 7,115.80 as UK flash PMI data showed that business expectations slumped to the weakest level since May 2020
5. World’s smallest violin at the ready as Amazon grumbles about taxes
Amazon has warned that a UK online sales tax would unfairly punish small businesses that use its platform.