FIVE at FIVE: Flutter booted; AstraZeneca higher; FTSE 100 surges; McDonald’s summoned; Nvidia rumours

Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news

Proactive Published 09/11/2023

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1. Flutter booted lower after warning of low-end profits

For the third quarter of 2023, group revenues increased by 8% to just over £2 billion, 13% higher if currency swings are ignored

2. AstraZeneca shares up 3% after it tweaks full-year guidance higher

The Anglo-Swedish pharma giant now anticipates a low double-digit percentage rise in core EPS, refining its earlier projection from a high single-digit increase.

3. FTSE 100 boosted by AstraZeneca gains

At the close, London's blue-chip index was up 53.95 points, 0.7%, at 7,455.67 while the FTSE 250 jumped 191.59 points, 1.1%, at 18,037.85.

4. McDonald’s chief summoned to UK parliament over sexism, racism and bullying claims

This summons by the Business and Trade Committee comes in the wake of a BBC report referencing more than 100 current and former McDonald's Corp’s staff members alleging a toxic culture of sexual assault, racism and bullying.

5. Nvidia rumoured to be working on AI chips for Chinese

Nvidia’s high-end H100 chip and its A100 chip have been subject to US export controls since 2021 on the authority of the Joe Biden administration.