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Market report: FTSE gains on news of Trump stimulus talks despite UK economy losing appetite

FTSE 100 opened higher after US President Trump said Congress restarted negotiations on a stimulus package after halting them earlier in the week. London’s leading index advanced 25 points to 6,003 in early trading.

The government’s Eat Out to Help Out scheme didn’t help the UK economy in August. The GDP rose only by 2.1%, under half of the 4.6% forecast and well below July’s 6.4%. The joint venture between Marston’s and Carlsberg was cleared by the UK competition authorities. The Danish giant will buy 60% of Marston’s brewery business.

The London Stock Exchange (LON:LSE) has sold its Milan counterpart for €4.3bn to Euronext. The deal will go ahead if the European Commission approves LSE’s proposed US$27bn acquisition of Refinitiv.

Among the small caps, Alien Metals (LON:UFO) completed a geological mapping and sampling programme at the Hamersley iron ore projects in Australia. The miner conducted work on four of the five priority targets and is now moving onto the last one.

Remote Monitored Systems (LON:RMS) noted the UK’s target to use wind electricity to power all homes by 2030. The tech firm said its Gyrometric business is discussing a potential contract with a large manufacturer of offshore wind turbines.

Kodal Minerals (LON:KOD) is welcoming the appointment of the interim government in the Republic of Mali. Sanctions imposed by the Economic Community of West African States were also lifted.

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