1. Berkshire Hathaway to slash spending by 88%
Warren Buffett’s multinational conglomerate reduced spending to US$6.2bn in the latest quarter
2. Post Office withdrawals surge to record high
People are “literally counting the pennies,” as they try to fight 40-year high inflation of 9.4%, which has been tipped to reach 13% by the Bank of England.
3. OZ Minerals rejects BHP bid
Shares in OZ Minerals Ltd jumped nearly 40% after the mining major BHP Group made an indicative offer of A$25.00 per share for the ASX-listed copper and gold miner.
4. PageGroup hiring slowdown but maintains full-year outlook
Revenue at the global professional recruiter jumped 27.5% to £977.3mln for the six months to the end of June, while pre-tax profit was 79.8% higher at £114.5mln.
5. FTSE 100 ends higher but off its best
At the close, the UK blue-chip index was up 42.63 points, or 0.6% at 7,482.37, below the session peak of 7,513.76 but well above the day’s low of 7,439.74.