FTSE 100 opened slightly lower, losing 18 points to 7,651. Official figures today showed that the UK economy grew by less than than expected in February hitting investor sentiment.
Britain’s economic growth slowed in February to 0.1% from 0.8% a month earlier. Manufacturing was weak but offset by tourism as people returned to normality following the outbreak of Omicron.
Elon Musk will no longer be joining Twitter’s board after making an abrupt U-turn. The world’s richest man was due to be appointed over the weekend following his purchase of a 9.2% stake in the social media website.
Goldman Sachs (NYSE:GS) acquired Dutch-based investment manager NN Investment Partners for €1.7bn. It will expand its asset management footprint in Europe and increase its sustainable investment capabilities.
Caracal Gold announced the first gold production from its new heap leach plant in Kenya. It was achieved ahead of schedule as part of a wider expansion strategy to increase output to 24,000 ounces per year.
Blencowe Resources has boosted the resource at its Orom-Cross graphite project in Uganda by 50%. The resource is sufficient to cover the first 15 years of mine life.
Bradda Head Lithium raised about £8mln before expenses from a placing to advance its lithium projects in Arizona and Nevada in the US. Some 58mln shares were placed at 13.5p each with investors in North America.