Friday 21/06/24

In MACRO & OIL NEWS,the Bank of England leaves rates unchanged and BP does a biofuels deal. In FINANCIALS/SERVICES NEWS, NatWest takes on most of Sainsbury's banking business, Revolut seeks a punchy valuation, KPMG is to cut more jobs and YouGov gets a drubbing. In CONSUMER NEWS, EV demand craters across Europe, UK consumer confidence hits a high, Ocado slides and Chinese e-tailers suffer. In MISCELLANEOUS NEWS, hackers "jailbreak" AI models to highlight flaws, higher earners face more contact with AI, Honeywell does a big deal and Tate & Lyle buys CP Kelco. AND FINALLY, I bring you some good ol' kitchen dancing and lip-synching...


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