Mood – Making or breaking (4/10)

Published on 06-06-2022 13:34:20

As Boris faces a ‘make or break’ no-confidence vote, other critical scenarios are unfolding, with the world’s biggest four-day week trial starting on a ‘Monday from hell’ for London’s Tube and tens of thousands of British travellers stranded at airports across Europe. As Russian gas sanctions look set to cost Germany a further €5bn, there’s a windfall for Egypt and good news for Venezuela. The London Metal Exchange faces a $456m lawsuit over its cancellation of nickel trades, while Metro Bank is embroiled in a legal battle over coin-counting software. Half of Americans end up in tears during the house-buying process.

LIFTING OFF

As Spain’s Ferrovial makes a $1.1bn acquisition at New York’s JFK Airport, Edison client Melrose Industries is collecting $650m from selling an ergonomic desk-maker. Wizz Air is enjoying a 390% post-pandemic rebound, while Grant Shapps says there should be automatic refunds for cancelled flights. We’re back to pre-financial crisis era bumper City bonuses and a market strategist reckons US stocks could rebound 15%-25% from May lows. Elon Musk has backtracked on Tesla job cuts and now says the company’s overall workforce will increase. Footballer Chris Smalling has launched a VC firm that will enable celebrities to back climate-focused start-ups. The FTSE All Share is enjoying a Jubilee bounce.

STAYING GROUNDED

While a woman in India has been divorced for cooking her husband instant noodles for breakfast, lunch and dinner, a North Carolina man who kept a lottery win secret from his wife has given her a pleasant birthday surprise. And seven months of parking tickets have been cancelled in Seattle.

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