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Market Report: FTSE recovers despite shocking US tech sell off

The FTSE is managing to shake off a sudden sell off of tech stock over on Wallstreet - resulting in a sea of red across the pond. Market sentiment will be driven by US news once again as investors await the all important US non-farm payrolls for August.

The UK’s four largest house builders are in the spotlight after concerns over how leaseholds were sold. Barratt Developments, Countryside Properties, Persimmon Homes and Taylor Wimpey are all facing action from the Competition and Markets Authority (CMA).

British Gas owner Centrica PLC (LON:CNA) is buying the energy supply customers of Robin Hood Energy for an undisclosed sum. Robin Hood currently serves around 112,000 residential customers and over 2,500 business customers - the collapse of Robin Hood could lead to 230 job cuts.

Filta Group Holdings PLC (LON:FLTA) shares jumped higher after the firm revealed it has secured exclusive rights to a new broad-spectrum disinfectant which will help in the fight against the spread of coronavirus (COVID-19).

Serica Energy Plc (LON:SQZ) has been offered a new licence covering four UK Northern North Sea blocks.

Caledonia Mining Corporation PLC (LON:CMCL) has completed on its raise of US$13mln with the cash to be put towards a solar power plant to supply electricity to the Blanket gold mine in Zimbabwe.

Quick facts: Centrica PLC

Price: 37.18 GBX

Market: LSE
Market Cap: £2.17 billion

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