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FIVE at FIVE: Chancellor reverses tax cut plans, Lloyds and Barclays appeal, Hargreaves Lansdown's lawsuit and what is Cardano suffering from?

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

1. Jeremy Hunt axes plan to cut basic tax rate and revises energy support package

The new chancellor announced further changes to the mini-budget, reversing most of the policy commitments made by prime minister Liz Truss.

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2. Lloyds, Barclays and NatWest attractive after mini-budget

Citi has again highlighted its liking for UK domestic banks over their international rivals within the financial share universe, with Lloyds, Natwest and Barclays all rated as buys.

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3. HL faces lawsuit after promoting failed Woodford fund

Hargreaves Lansdown, the wealth platform that handles US$122bn in assets under management, is facing a big lawsuit for promoting Woodford Equity Income (WEIF), the failed fund of one-time star manager Neil Woodford.

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4. Is Cardano suffering from macro pressures or something more?

Built by Singapore-based developer IOHK under the guidance of chief executive officer Brad Hoskinson, Cardano is a proof-of-stake (PoS) blockchain platform powered by the ADA cryptocurrency.

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5. FTSE 100 closes higher

The UK index of leading shares finished Monday up around 61 points, or 0.90%, at 6,920.

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