Good morning from London, where the FTSE 100 has kicked off the new week with a whimper, despite comments from former BoE chief Andy Haldane that UK inflation could fall significantly in the coming months.
BP shares are down this morning as pressure builds from shareholders for the oil giant to rethink reduced climate policies ahead of its annual general meeting on Thursday.
AstraZeneca marked a positive start to the week though, as impressive share price gains in recent years saw its market cap hit £189bn, finally outdoing US rival Pfizer.
Elsewhere, Credit Suisse confirmed some US$68bn was withdrawn from the bank in the first quarter of this year, shedding further light on the bank run that led to its forced rescue by UBS last month.
Over in the US, retail giant Bed Bath & Beyond has filed for bankruptcy protection and will aim to close all of its 475 stores by late June. And with the small caps, Supermarket Income REIT rose after announcing it had completed the purchase of a Tesco supermarket in Worcester.
That’s all for this morning, today’s report was written by Josh Lamb – have a great week.
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