Wednesday,11 May 2022 17:06:19

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Wednesday,11 May 2022 at 16:07

Netflix is set to introduce adverts and crackdown on password sharing by the end of the year as it tries to pull in income amid slowing subscriptions.

The streaming service behind global hit shows such as The Crown and Squid Game is preparing to launch its lower-priced subscription tier, supported by advertisements, in the last three months of 2022.

Netflix executives had previously announced they would introduce the service within “the next year or two”.

It comes as the £64bn company grapples with poor subscriber growth. New sign-ups fell by 200,000 in the first three months of the year.

UK & European stocks closed higher with investors largely shrugging off hotter-than-expected inflation data out of the U.S.

U.S. stocks turned positive as investors digested a key report on the state of inflation in the U.S., which came in hotter-than-expected across most major metrics.

Oil jumped, buoyed by supply concerns as flows of Russian gas to Europe fell.

Gold gave back some of its earlier gains after the release of stronger-than-expected U.S. inflation data.

Markets

At the close:

FTSE 100 7,347 +1.44%

FTSE 250 19,647 +1.35%

DAX 13,828 +2.17%

At 17:00:

Dow Jones 32,536 +1.16%

S&P 500 4,041 +1.01%

NASDAQ 11,760 +0.17%

Fixed Income

UK 10-YR YIELD 1.827

Exchange Rates

GBP/USD 1.231

GBP/EUR 1.169

Commodities

Gold $1,851 +0.75%

Brent $107.34 +6.21%

Important - No news or research item should be construed as a recommendation to trade. The inclusion of securities within this report does not necessarily imply their suitability for individual portfolios or situations in respect of which further advice should be sought. Information contained in this report has been compiled from sources believed to be reliable but is not warranted to be accurate or complete.