FIVE at FIVE: More cash for Shell and BP, EU regulators clamp down on crypto and COVID returns….

Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news

Proactive Published 01/07/2022

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1. Analysts think oil giants can make even more money

Investors continue to underestimate and undervalue the current free cash flow generation potential among oil and gas majors.

2. EU lawmakers settle on crypto regulation

EU states will be the main regulators of crypto companies, although watchdog ESMA will have powers to step in if investor protection or financial stability is threatened

Cases of coronavirus rose by a third last week mainly due to infections with the Omicron variant

4. FTSE 100 finishes Friday flat

At the close, the UK blue-chip index was just 0.63 points lower at 7,168.65, below the session peak of 7,214.82 but well above the day’s low of 7,101.38.

5. ITV shares fall

The shares were down 1.8% to 64.1p by lunchtime on Friday even with the prospect of more ads

Week ahead

And looking towards next week, in the diary are updates from Sainsbury's, Entain, Persimmon and many more