1. Haleon becomes the biggest firm to list in London in over a decade
It will not be issuing new shares as part of its flotation. Rather, existing investors in GSK will get one share in the new company for each current one they own.
2. Trump-linked SPAC benefits from Musk tiff
DWAC is poised to take Trump’s Truth Social social media platform, which became his soapbox after Twitter banned the real estate tycoon “due to the risk of further incitement of violence” stemming from 6 January capitol riots, public through a reverse merger.
3. Goldman lowers pay on falling profits.
Goldman Sachs (NYSE:GS) bankers’ pay and bonuses plummeted 40% during the first six months of the year following sinking profits.
4. Lloyds remains Citigroup's favourite lender
Lloyds remains its favourite, though it’s a buyer of all of the main banks as its sees re-pricing initiatives leading to consensus NII (net interest income) upgrades
5. FTSE climbs almost 1% higher
At the close, the UK blue-chip index was 64.23 points, or 0.9% higher at 7,223.24, below the session peak of 7,268.88 but well above the opening low of 7,159.01.