1. Cineworld confirms it is mulling over bankruptcy filing
Responding to media reports, the British cinema chain said it is preparing to file for bankruptcy in the US and is considering filing an insolvency proceeding in the UK
2. No bad news is good news for Patheon’s Alkaid-2 drill
Current estimations from Pantheon for its entire Alaska North Slope project, which includes Talitha and Alkaid-1 is roughly 20bn barrels, with around a tenth viewed as recoverable.
3. Energy costs will push inflation up to 18.6%, says US bank
Citigroup blamed soaring energy costs for its prediction today that UK inflation will almost double in early 2023.
4. FTSE 100 ends weaker but off lows
At the close, the UK blue-chip index was down 16.58 points, or 0.2% at 7,533.79, well above the session low of 7,491.26 but below the day’s peak of 7,550.37.
5. Sony PlayStation faces £5bn “rip-off” claims
Nine million claimants are suing Sony PlayStation for £5bn for allegedly ripping off consumers with overpriced games and in-game purchases, according to reports.