Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
1. Nine FTSE companies a safe bet in war times
However, the analysts cautioned that given the invasion had no visible end in sight and with the multiple potential risks, their caution about near-term risk meant that they suggested investors follow “macro-agnostic” strategies.
2. Royal Mail hit with consecutive sell notes
Royal Mail PLC (LSE:RMG) has received its second sell note in two days, as Credit Suisse downgraded the postage company to Underperform and downgraded its price target by more than a third.
3. ITV slumps despite record advertising revenue
ITVX will be the UK’s first integrated advertising and subscription-funded platform, with a focus on original content as the service plans to launch a new series every week.
4. Footsie flops back
The FTSE 100 index closed a hefty 190.71 points, or 2.57% lower on Thursday at 7,238.85 amid fears of a further escalation of the conflict in Ukraine.
5. Who will be the new boss at the bridge?
Chelsea’s Russian billionaire owner Roman Abramovich said he will sell the football club for approximately £3bn following increased pressure from the UK government to sanction oligarchs following Russia’s invasion of Ukraine.
Also in today’s news…
Europa Oil & Gas (Holdings) PLC CEO Simon Oddie joined Proactive’s Stephen Gunnion with details of a joint venture with i3 Energy PLC on the Serenity project in the UK North Sea.
Read More: FTSE companies to invest in, second Royal Mail downgrade, ITV’s new streaming