gHello. The FTSE is set to open higher after slipping yesterday.

5 things to start your day

1) Revolut boss turns multibillion after valuation of £ 24bn: Revolut has become Britain’s most valuable fintech company of all time after raising $ 800million (£ 578million) to win it a prize of £ 24 billion.

2) Inflation could force the bank to curb quantitative easing, the regulator warns: Michael Saunders’ warning comes as a powerful House of Lords committee warns the Bank of England is “addicted” to quantitative easing.

3) Shell and Scottish Power intrigue a giant floating offshore wind farm: The oil giant and the utility are submitting several bids for Scotland’s first offshore wind rental cycle in a decade.

4) Soho House shares fall on the first day of listing: Shares of the private members’ club fell nearly 10% to below $ 13 on its debut in the U.S. market after being valued at the lower end of its marketed range.

5) Broadcasters need to better reflect Britain’s diversity, warns the watchdog: Ofcom said the BBC, ITV and Channels 4 and 5 should stop focusing so much on London and become more representative of parts of the UK.

What happened during the night

Asian stocks fell on Friday as Taiwanese chip giant TSMC’s profit taking, despite record earnings, weighed on other tech companies and broader risk sentiment, while a more accommodative outlook on rates Americans kept bond yields near multi-month lows.

The MSCI’s largest Asia-Pacific stock index outside of Japan fell 0.35%, weighed by a 1.2% drop in Taiwanese stocks after TSMC earnings on Thursday.

TSMC, Asia’s largest company by market capitalization outside of China, fell nearly 4% after profiting on Thursday.

As the world’s largest contract chipmaker posted record quarterly sales and forecast higher earnings for the current quarter, investors took profits, fearing its best times were already behind it.

TSMC’s fall weighed on many other semiconductor-related stocks in the region, with South Korea’s Kospi losing 0.6% and Japan’s Nikkei losing 1.1%.

Weakness in chip-related stocks also helped push the S&P 500 down 0.33 pc and the Nasdaq Composite 0.70 pc on Thursday.

Coming today

• Business: Fraser (Full year); Rio Tinto, Burberry (Commercial update)
• Economy: Inflation, trade balance (EU), retail sales (WE)