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FTSE sinks lower as traders await the US markets' opening with little major domestic news to chew on

The FTSE 100 opened slightly in the red as Wall Street traders return from their extended 4th of July weekend break. London’s leading index shed 4 points to 7,160 in early trading.

Vauxhall’s parent company Stellantis is to announce plans to build electric vans at its factory in Cheshire. The move will save over 1,000 jobs previously at risk after the carmaker said the new Astra model would be assembled elsewhere.

Private equity firm Bridgepoint Group PLC has confirmed plans to float in London. The former Pret a Manger owner and Deliveroo backer is valued at £2bn.

J Sainsbury PLC (LON:SBRY) expects a huge full-year profit surge even if trading is returning to pre-pandemic patterns. Sales in the first quarter were ahead of expectations as the grocer focuses on new launches and price reduction initiatives.

Cornish Metals Inc. (CVE:CUSN)(LON:CUSN) has released the first batch of results from its diamond drilling programme at the United Downs copper-tin project in Cornwall. The new hole intersected good grades of tin and also some silver.

Caledonia Mining Corporation PLC (LON:CMCL) reported record quarterly gold production from the Blanket Mine in Zimbabwe. It produced about 16,710 ounces of gold during the second quarter, up 23.8% on the  same period of 2020.

Argo Blockchain PLC (LON:ARB) is exploring a potential secondary listing on the Nasdaq market, although it has yet to make any decisions regarding the timing or terms of such a listing. Argo added it had mined 883 bitcoins year to date.

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