1. Lloyds Banking Group still tipped for upside despite disappointments
The British high street bank last Wednesday reported flat annual profits and underwhelmed the City with its guidance for 2023.
2. Ofgem to cut price cap by 23%, but why not 64% in line with gas prices?
Ofgem’s 23% lower price cap has been driven by falling wholesale prices, but is still a fair way off reflecting the 64% drop in gas – which determines the wider market – from 344p per British thermal unit on December 1 to Tuesday’s 123.5p.
3. FTSE 100 got back on front foot
The FTSE 100 ended a positive day in London moving 56 points or 0.72% higher, closing at 7.935.
4. Berkshire Hathaway posts record operating earnings, Buffett bats for share buybacks
In Berkshire Hathaway Inc (NYSE:BRK.A) (Berkshire Hathaway Inc (NYSE:BRK.A)) chief Warren Buffett’s annual shareholder letter, the Oracle of Omaha focused on the good instead of the bad, while coming out to bat for share buybacks, which have been the subject of tax reforms in the US in recent weeks.
5. Persimmon and Taylor Wimpey prepare for life without Help-to-Buy
Like rival Persimmon, Taylor Wimpey will have to deal with the end of the government’s Help-To-Buy scheme at the end of March, which won’t help if demand is struggling.