Good morning from London, where the FTSE 100 is up at three-week highs. Ocado, Frasers Group and housebuilders Persimmon are among the biggest gainers, though nobody can say for certain why it is that Ocado is suddenly performing when they’ve not put out any news.
It’s a different story at Tesco, who put out a trading statement this morning that spoke of ‘encouraging signs’ that inflation was starting to ease in the UK. The supermarket giant also reported a rise in UK sales during its first quarter, prompting it to reiterate full-year guidance.
Outside of the high street ITV shares are down this morning after the broadcaster confirmed that it is considering buying up Fleabag-making production firm All3Media, which is currently valued at £1bn-plus.
Builder Travis Perkins (LSE:TPK) warns that its operating profits will likely be lower for the year as a result of weak demand and high interest rates in the UK.
Currys shares are up on news that its carrying out a strategic review of its Greek business Kotsovolos, ahead of a potential sale.
And finally, Virgin Galactic has set a window between the 27 to 30 of June for its first commercial space tourism flight.
And for anybody confused by that, it was Virgin Orbit that collapsed last month. That’s all for this week, have a great weekend.