Good morning from London where the FTSE 100 is down this morning on news of more interest rate hikes to come.
The Federal Reserve left US rates untouched yesterday, but the Bank of England appear likely to add another 0.25% to the base rate from next Thursday - bringing us up to 4.75%.
Elsewhere in the city, there’s been some news from the London Stock Exchange this morning. WE Soda has scrapped plans to float on the market, while CAB Payments has confirmed it will be going ahead with an IPO as soon as July.
Asos shares have skyrocketed this morning after the online fast fashion retailer reassured investors that full-year guidance could still be met, following a change of strategy.
Shares in safety equipment firm Halma fell meanwhile despite announcing a jump in revenue and profits.
Legal & General are also down today after naming Santander and former HSBC executive António Simões as the successor to outgoing chief executive Nigel Wilson.
And finally, Elon Musk’s Twitter faces a US$250mln legal challenge from seventeen music publishers over alleged breaches of copyright.