FTSE 100 opened lower even though UK inflation dipped to 3.1% in September from 3.2% in August as more parts of the economy reopened and the effect of ‘eat out to help out’ washed through. London’s leading index shed 4 points to 7,213 in early deals.
Korean TV series Squid Game has proven a huge hit for Netflix Inc (NASDAQ:NFLX), with 142mln households watching it in the first four weeks after release. The streaming platform saw subscribers doubling quarter-on-quarter while non-English language shows were the best performers.
Bitcoin has reached nearly US$64,000 after the first US bitcoin futures-based ETF started trading earlier this week. It’s a short jump from its all-time high record of US$64,895 reached last April.
Burberry Group PLC (LSE:BRBY) has poached its new chief executive from Italian haute couture brand Versace. Jonathan Akeroyd will join the FTSE 100 fashion designer in April 2022.
Gore Street’s battery storage revenue was more than twice forecasts in September due to the surge in UK energy costs. Prices in the UK Balancing Mechanism hit a record high in early September noted the fund.
Synairgen’s anti-viral treatment for lung infections has been giving approval for a US phase III trial. The study is part of a US-government sponsored programme to find remedies for severe Covid sufferers.
Altus Strategies PLC (AIM:ALS, TSX-V:ALTS, OTCQX:ALTUF) has received its first quarterly royalty payment from the Caserones copper mine in Chile, Altus received US$0.94mln after tax.