1. Apple's interest in Manchester United would mark a major escalation in the ‘streaming war’
Buying either Manchester United or Liverpool (which is also for sale) outright, or as part of a consortium, would give any of the major streamers an influential seat at the negotiating table when key broadcast deals next become available.
2. Lloyds Bank upgraded by RBC for value and asset quality
Lloyds Banking Group has been upgraded by RBC, which sees its emphasis on cost control as preferable to growing income in the current environment.
3. FTSE 100 inches higher at the close after risk rally pauses
The UK's blue-chip index held steady for the third straight day to finish around 0.2% higher at 7,487 points.
4. NatWest downgraded as interest rate momentum 'has peaked'
The FTSE 100 lender has been among the “more rate-sensitive UK banks” that have outperformed so far this year, along with Lloyds – which was simultaneously upgraded.
5. Primark to open four new stores as part of £140mln investment
Primark chief executive Paul Marchant said the investment demonstrated it was "playing a part in ensuring that UK retail continues to grow and thrive and give people another reason to visit their local high street.”