FTSE 100 surged in early deals, gaining 80 points to 7,632. The index seemingly followed the pace set in the US, which rallied late in the day.
Elon Musk potentially faces a potential SEC probe after he allegedly made huge profits by delaying the announcement of his stock purchase in Twitter. He announced he had acquired a 9% stake in the social media site earlier this week.
Rishi Sunak claims he is a victim of a “smear” campaign after Labour slammed his wife’s tax status. The Chancellor’s wife was criticised because as a non-domicile she does not have to pay UK tax on income from foreign investments.
UK starting salaries rose at record pace in March despite hiring slowing down according to the latest KPMG/REC report on jobs.. This is because of increased labour demand and higher wages being paid to alleviate soaring inflation.
Spread better CMC Markets said net operating income for the financial year just ended should be at the top end of the company’s guidance range. That would represent a record performance “outside of the pandemic period”.
Ethernity Networks expects significant revenue growth this year from existing and potential contracts. The telco hardware business reported an increase in revenues in its results for 2021, with the top line growing to US$2.6mln.
Oncimmune Holdings has landed two new contracts for its ImmunoINSIGHTS services. Both deals are with US biopharmaceutical companies and add to a flurry of similar contract wins for company.