1. ABF freezes Primark prices, reports jump in profits and plans share buyback
Associated British Foods PLC (LSE:ABF) said it will not be implementing further price hikes at Primark for the upcoming year after reporting a jump in annual profits.
The group also announced a £500mln share buy-back programme for the current financial year.
2. Royal Mail owner IDS climbs as rival hails strong parcel pricing and demand
Shares in Royal Mail owner International Distributions Services PLC (LSE:IDS) climbed as investors read across to encouraging results from rival DHL, which now expects to see record yearly results.
3. FTSE 100 closes flat as all eyes turn to US midterm result
The UK's blue-chip index stayed quiet on Tuesday, finishing at 7,306 points for a 0.1% gain on the day.
4. FTX appears to pause withdrawals as Sam Bankman-Fried and Binance go to war
A very public war of words between two otherwise affable constituents of the cryptocurrency scene has exposed long-running tensions brewing under the surface of the sector’s biggest digital asset exchanges.
5. Persimmon's warning shows cracks are appearing in the housing market but should surprise no-one
The FTSE 100 listed builder said that sales and prices of new build homes have fallen while customers pulling out of deals have increased with the news sending shares down nearly 7%.