The Market Report with Katie Pilbeam.
FTSE 100 remained flat in morning trading, losing 1 point to 7,557. Investors continue to remain wary over developments in Ukraine following the reported Russian war crimes in Bucha.
The UK government will sell Channel 4 in order to compete with Amazon and Netflix. Channel 4 said it was ‘disappointed’ with the plan to take it private.
Footballers and celebrities will no longer be able to appear in gambling adverts. Taking effect from this October, betting firms sponsored on teams’ kits and inside stadiums will also be banned as part of the move.
The Works’ security was breached by hackers causing disruptions to its operations. In response, it shut down access to its data internally and externally but insisted financial details of its customers had not been compromised.
SourceBio International’s income rocketed as demand for Covid PCR tests took off. Revenues at the medical diagnostics specialist rose by 82% to £92mln in the year to end-December 2021.
Next Fifteen Communications made a strong start to the new financial year and expects another year of good organic growth. The company saw a 36% increase in net revenue in the year to £362mln.
Greatland Gold released the results from its 2021 drilling programme at its Scallywag licence. Greatland discovered significantly anomalous gold with other pathfinder geochemistry at four holes in the Swan and Barbossa West prospects.