1. M&S to emerge from the recessionary environment a better business, says Shore Capital
M&S set out “several ambitions for the business to expand in a number of avenues out to 2028," said analysts at Shore.
2. British Airways owner AIG reports bullish numbers as Easyjet gets a boost from Peel Hunt
IAG noted that strong passenger revenues were behind a good trading stating with forward bookings also healthy. easyJet PLC meanwhile saw its shares rise Thursday after issuing a full-year 2022 trading update against a weaker market backdrop with analysts hopeful for a better year in 2023.
3. Crypto.com snubs London as its European Hub
The news is a tad surprising given that the Singapore-based, Matt Damon-fronted digital asset exchange earlier this year called the UK a “strategically important market for us” following successful regulatory approval from the Financial Conduct Authority.
4. FTSE 100 closes in green
Britain's blue-chip benchmark closed in the green, up around 24 points, or 0.35%, at 6,850.
5. UK government is reportedly set to scrap more of its mini-budget
In another day of political twists and turns, Sky News reported that discussions are underway in Number 10 over whether to scrap some of the fiscal measures announced on 28 September.