1. FTSE 100 in the green
Blue chip stocks shrugged aside early heavy losses to move into positive territory.
2. Elon Musk predicts recession until spring 2024
"Just guessing, but probably until spring of '24," the world’s richest man commented when asked by a fellow Twitter user how long the recession would last.
3. Barclays fined by FCA
It had been accused of funnelling £322mln in secret fees to Qatar in exchange for emergency funding at the height of the financial crisis.
4. Chip company Sondrel climbs higher
At the placing price of 55p, the Reading-headquartered outfit had a market capitalisation of £48.1mln on admission. The shares rose to 58p in early deals on Friday.
5. Royal Mail has its target price cut by Liberum
Additionally, Liberum believes that IDS’s lack of pricing power does not bode well for long-term margins.