FTSE 100 made more progress as oil companies rallied on the crude price movement and product tester Intertek jumped after strong results. London’s blue chip index was up 36 at 7,302 in early dealings.
Lord Bilimoria, the CBI’s president, is to launch a stinging attack on prime minister Boris Johnson over his plans for business. Bilimoria will tell the PM to stop ‘hiking taxes and to focus on boosting investment.’
Ryanair’s boss has warned that passengers might start delaying bookings due to rising Covid-19 cases in many countries. Low consumer confidence is likely to cause a tough winter ahead, said Michael O’Leary.
Apple has filed a lawsuit against Israeli NSO group, the private spyware company, which has been accused of allowing foreign governments to hack into mobile phones. It mirrors a similar case launched by Whatsapp.
Among the small caps, Pembridge Resources perked up as it completed the “reverse takeover” of Minto Metals Corp. Trading in Minto begins in Toronto next week with Pembridge having an 11% stake in the venture.
Alen Metals has conditionally agreed to buy a 30% interest in the Munni Munni platinum and gold project in Western Australia for a total of A$2.23mln (£1.2mln). The Munni Munni project in the Pilbara region is one of the largest undeveloped primary platinum resources in Australia
Bradda head Lithium reported the best results so far from a 2021 drilling programme on its Burro Creek East (BCE) project in Arizona. Assay results from the first three new holes identified thicker intersections of Upper Clay than anticipated.