FTSE fights off inflation woes as traders await US inflation figures and ECB meeting

The Market Report with Katie Pilbeam.

FTSE 100 opened higher as the G7 summit kicks off and investors waited for inflation data from the Europe and the US. London’s blue-chip index rose by 21 to 7,102.

BT has a new largest shareholder. French telecoms group Altice has taken a 12.1% stake but does not intend to bid for the telecoms group and indeed is supportive of management, it said in a statement.

Tesla will today unveil a high-performance version of its Model S to reinforce its position in the luxury market as competition mounts. Porsche, Mercedes-Benz and Lucid Motors have all launched top of the range EVs recently.

Some good news for battered plane maker Boeing. United Airlines wants to buy hundreds of new aircraft according to reports including 100 of the troubled 737 MAX jets.

CMC Markets PLC (LON:CMCX) is  confident of achieving net operating income in excess of £330mln in the current financial year. The online trading platform operator said its monthly active client base has remained strong, although client trading activity has come off the boil a little.

Greatland Gold said latest drilling results from Havieron in Western Australia have added further extensions to the high-grade mineralisation while evolving the deposit beyond the existing resource shell. “With each new set of excellent intercepts, we demonstrably advance the potential size and value of the gold-copper orebody,” it said.

Cellular Goods PLC (LON:CBX) has signed a multi-year supply agreement for cannabigerol (CBG) with Toronto-listed Willow Biosciences. Willow will supply Cellular Goods with its proprietary, ultra-pure, biosynthetically produced, cannabigerol to be used in a premium cannabinoid-based skincare products to be launched in the autumn of 2021.

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