FTSE 100 leapt higher as a vote of confidence in the prime minister was confirmed The pound shot up while London’s blue-chip index gained 95 to 7,628.
Boris Johnson is facing an uncertain future even if he wins said commentators after at least 54 Tory MPs tabled a motion calling for a vote on his future. The meeting will take place at 6pm this evening.
Thousands of UK holidaymakers were stranded in Europe yesterday as more flights were cancelled while Eurostar also had problems. EasyJet scrapped 80 flights yesterday with British Airways and Wizz Air also cutting some services.
The London Metal Exchange (LME) is being sued for £365mln by fund manager Elliott following the suspension and cancellation of nickel trades earlier this year. Elliot alleges the cancellation of trades was unlawful.
Bens Creek has started to deliver by railroad its High Vol B coal product to its offtake partner in the US. Initially, Bens Creek had been supplying Run of Mine coal via truck as it completed the remediation of the wash plant and railway spur line.
Next Fifteen Communications confirmed it is trading ahead of expectations following two acquisitions. The digital marketing company, which announced an agreed offer for advertising agency M&C Saatchi, said revenue growth was strong in the three months to April-end.
Seeing Machines now has a tenth car making customer for its FOVIO Driver Monitoring System. The contract, with an unnamed European group, is worth an initial £17.2mln.