1. Emergency rate rise on the cards
It may not be Wednesday but the falls in sterling today and on Friday are bringing back uncomfortable memories of that “black” day when chancellor, Norman Lamont, scrambled to support the value of the pound raising interest rates twice in one day.
2. Pantheon Resources tipped for significant further upside
Pantheon told investors that it has now completed a programme of well stimulation and a workover rig now en route to prepare the well for a pivotal flow test.
3. UK housebuilders ‘more snakes than ladders’ as shares slide on mini-budget
Rather than stepping up a rung, UK housebuilders are likely to slide on the back of chancellor Kwasi Kwarteng’s mini-budget, reckons Charlie Campbell, equities analyst at Liberum.
4. FTSE 100 closes a tad higher
On a day of huge volatility for the pound, Britain's blue-chip benchmark finished up around two points, or 0.03% at 7,020.95.
5. David Beckham gets an assist for Guild Esport's Sky deal
David Beckham. Champions League winner, owner of multiple businesses and investor in Guild Esports, played a key role in its largest ever sponsorship agreement, it was revealed today.