The Market Report with Katie Pilbeam.
The FTSE 100 opened in the green ahead of the Bank of England interest rate decision. London’s leading index added 22 points to 7,270 in early deals.
BT Group PLC (LSE:BT.A) (BT Group PLC (LSE:BT.A)) was the top riser among the big caps after results beat expectations. The telecoms giant also restarted dividend payments while the cost-cutting programme is ahead of schedule.
J Sainsbury PLC (LSE:SBRY) (J Sainsbury PLC (LSE:SBRY)) is confident it can deal with supply chain issues ahead of the all-important Christmas period. Online sales remained strong even though customers are returning to many pre-pandemic shopping habits.
JD Sports Fashion PLC (LSE:JD.) (JD Sports Fashion PLC (LSE:JD.)) has been ordered to sell Footasylum by the UK Competition and Markets Authority. The watchdog said it could result into a "worse deal" for customers.
NetScientific said investee company Sofant Technologies has signed a €7.3mln contract with the UK and European space agencies. Sofant will help commercialise a low-cost, low-power satellite communications platform.
Semper Fortis Esports PLC (AQSE:SEMP) (Semper Fortis Esports PLC (AQSE:SEMP)) has hired professional FIFA player and coach Jamie Ridgen, who goes by the moniker ‘Jamboo’ in the esports circuit. Ridgen will compete and coach the SMPR FIFA team in the upcoming 2021/22 esports season.
Litigation Capital Management has received £9.8mln (A$18.4m) in revenue after an international arbitration award was delivered in favour of its funded party. The arbitration related to a Middle East construction dispute.