1. Andrew Bailey discourages high pay rises
The Bank of England's governor has defended the decision to hike interest rates by the greatest amount in almost three decades and insisted there is a “real risk” of surging prices becoming “embedded.”
2. Average house prices decline
UK house price data from Halifax has provided more evidence that the market losing steam and could be the 'canary in the coal mine' of the economic downturn and coming recession the Bank of England warned of this week.
3. HL profits down 37%
Hargreaves Lansdown saw profits fall in the year to June as the challenging macroeconomic and geopolitical environment impacted new business inflows, but raised its guidance for revenue margin and underlying costs for the new year.
4. Amazon to acquire iRobot
The company was founded in 1990, spun out of MIT's Artificial Intelligence Lab, with the Roomba robot vacuum cleaner launched in 2002, which sold over 30mln units in 2020.
5. FTSE 100 flirts with red and green
London's blue-chip index closed in the red on Friday, having bounced into positive territory briefly earlier.
Let's take a look ahead at some of next week's big news
There's big economic figures to watch out for, a handful of financial behemoths, a trio of gambling groups, a duo of travel giants and a wobbling crypto colossus.