Good morning from London, where weaker-than-expected economic data in China hit investor sentiment overnight, sending the FTSE 100 lower at the open. But its rallied since and is very much back to square one at the beginning of a brand new week.
A relatively slow start in terms of announcements – some news from property website Rightmove that UK house prices fell by 0.2% over the past month. Buying interest is suffering from recent increases in the cost of taking out mortgages.
In equities, Ladbrokes owner Entain announced its completed the acquisition of UK-based analytics firm Angstrom Sports for £122mln.
DFS Furniture says it achieved a record market share of 38% last year as it laid out its plans for growing its profit over the coming 12 months.
In the US, Elon Musk revealed that Twitter’s revenues have fallen by half since he bought the social media in October, but pointed to a “promising” performance in July.
And with the small caps, CleanTech Lithium shares jumped as the miner upgraded its Laguna Verde project’s JORC resources estimate to 1.8mln tonnes.
That’s it so far but check back on us here at Proactive throughout the day for all the latest updates.