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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Financial Services

FIVE at FIVE: Kwarteng’s mini-budget; Lloyds’ windfall risk; North Sea oil stocks; ITM Power’s share slump

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

1. Mini-Budget: Chancellor cuts top rate of income tax, holds corporation tax

The government has published its 'Growth Plan 2022', outlining Liz Truss and Kwasi Kwarteng's combined policies to try and pull the economy out of recession

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2.Lloyds could be hit hard by backdoor windfall tax

Lloyds Banking Group could be hit to the tune of £1.6bn under plans being mooted to reduce the interest paid on deposits held by high street lenders

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3. These four AIM North Sea oil stocks are set for a big end to 2022

Projects in the North Sea remain the most tangible and accessible means of boosting the UK’s domestic energy security.

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4. FTSE 100

At the close, the FTSE 100 had fallen 2%, or 141 points, to finish at 7,019 as the pound was in full-blown rout against the dollar.

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5. ITM Power slides as Credit Suisse hacks price target

Credit Suisse estimated the group would have 70% lower manufacturing capacity by full year 2025

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The Markets
by Proactive
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Small-cap coverage continues on .com
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