Good morning from London where the FTSE 100 has shot up to fortnight highs in early trading following gains in the US and Asia. And there’s more positive news from the British Retail Consortium, which says that shop price inflation has slowed to 6.9% in August from 8.4% in July.
Here in the City though its another quiet day following the long weekend, but Bunzl PLC (LSE:BNZL) shares marked a jump in early trading as the distribution specialist raised its profit guidance on increased revenue and pre-tax profit during the first six months of the year.
Network Rail made the headlines this morning as well, as a new row erupted with RMT over the railway operator’s refusal to pay bonuses to staff who took part in strikes earlier this year.
Airlines face another day of disruption, after an air traffic control issue on Monday caused cancellations and delays across several UK airports on Monday.
And in small caps, rising stars hVIVO PLC (AIM:HVO) have announced they’re moving from East London to the life sciences hub in Canary Wharf – taking full advantage of the cheaper rents available on the Isle of Dogs.