Pearson rejects Apollo, stocks for uncertain times, rocketing profit for Inspired and recession risks elevated…
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Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
1. Apollo ready to admit defeat over Pearson
Pearson has rejected a third takeover offer from US investment group Apollo worth 884p per share leading the US private equity firm to admit defeat and walk away.
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2. Credit Suisse back Lloyds, Diageo and Reckitt
Fifteen stocks pass the defensive test says the Swiss bank with (in the UK) Lloyds Bank, National Grid and Reckitt Benckiser the stand-outs.
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3. Inspired’s chief executive sits down with Proactive
Revenues over 2021 rose 47% and profits by 30% as optimisation activity bounced back from Covid to record levels, with customers needing it more than ever with the gas price soaring.
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4. Footsie finishes higher
Thr FTSE 100 index closed 41.50 points, or 0.55% higher at 7,578.75 on Wednesday as oil and commodity share price gains outweighed inflation concerns.
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5. Inverted yield curve doesn’t mean recession, but risks are higher
When the interest rate (yield) on shorter-dated government bonds rises above those of longer-term treasuries, many people in finance get the willies.
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Let’s take a look ahead at some of tomorrow’s news
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