1. Cineworld soars on settlement with landlords and lenders
The group, which filed for bankruptcy protection in Texas in September with less than $4mln in cash on hand, previously did not intend to make any post-September rent payments until the end of its bankruptcy.
2. BP profits lead to calls for bigger windfall tax
After BP plc reported bumper profits of US$8.15bn in its third-quarter figures, up from US$3.3bn last year, environmental groups have called for a “bigger, bolder windfall tax” on oil and gas companies.
3. Ocado deal gets Lotte love but sceptics still remain
Ocado Group PLC (LSE:OCDO)'s (Ocado Group PLC (LSE:OCDO)) new overseas deal is a much-needed bit of positive news for the company, according to analysts at UBS, though others downplayed the impact.
4. FTSE 100 closes near five-week high on boost from a resurgent commodity sector
By the closing bell, the FTSE had gained 1.3% to finish at 7,186 points.
5. Tough decisions lie ahead as UK prepares for years of tax rises
Both Sunak and his chancellor reportedly agreed that “tough decisions” needed to be undertaken due to the “eye-watering” size of the blow to public finances dealt by Truss’s mini-budget.