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Aerospace

FIVE at FIVE: Rolls-Royce's hydrogen club; Man U collapses; Royal Mail weekend post reviewed; Saudi oil cuts; FTSE 100 down

Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news

1. Rolls-Royce in new hydrogen alliance with easyJet

The alliance said the fuel could play a key role in decarbonising flights.

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2. Manchester United collapse: $750mln lost as market reacts to ‘no sale’ report

The Premier League club saw over $750 million wiped off its stock market valuation following reports that the club was no longer for sale.

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3. Royal Mail thrown a bone as Ofcom reviews Saturday deliveries

Ministers turned down the company’s calls for the USO to be overhauled in June, but it seems there has been a change of heart.

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4. Oil price jumps as Saudi Arabia extends production cuts

Saudi Arabia first applied the 1 million-barrels-per-day reduction in July and has since extended it on a monthly basis.

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5. FTSE 100 retreats to close lower

At the close, London’s lead index was down 15 points at 7,438.

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