1. Brewin Dolphin staff set for a windfall after RBC completes takeover
The business, which will now operate as RBC Brewin Dolphin, will continue to be led by chief executive Robin Beer.
2. Royal Mail hit with profit downgrade from UBS
UBS sees downside given the UK division's low historical margins, challenging environment for growth and difficult relationship with its main union, the CWU.
3. Who wins from a weak pound?
As the pound crashed following Kwasi Kwarteng’s quasi-infamous ‘mini’ budget, many crafty currency speculators made a quick fortune, while savvy stock market investors are still mulling which companies are likely to benefit most.
4. FTSE 100 slips below 7,000
At the close, the index was nearly 0.5% lower, finishing at 6,985 points.
5. FTX closes bitter chapter after nabbing Voyager’s assets
Toronto-listed Voyager Digital (CSE:VYGR, OTCQX:VYGVF) Voyager was left exposed to Three Arrows Capital after the hedge fund defaulted on US$650mln worth of loans, forcing Voyager to file for Chapter 11 bankruptcy protection in New York.