London’s blue-chip index lost 76 points as it opened for the start of the week, down to 7,120. Concerns over further interest rate hikes from the US Federal Reserve have caused jitters in the market.
Wizz Air said it expects a return to profit in the next quarter despite a “challenging macro and operational background.” The airline said revenue per available seat kilometre will continue to improve on the back of higher fares and growing load factors.
Klarna is expected to announce it secured funding from existing investors and new backers which could include Canada's largest pension fund. At US$800m, the size of the funding round is larger than previously anticipated.
Uber is at the centre of a major scandal after documents were leaked. It is alleged Uber lobbied officials to drop investigations, used a "kill switch'' to thwart law enforcement and considered exploiting violence against its drivers to gain public sympathy.
Among the small caps, Thor Mining completed its drilling programme at its Ragged Range gold and nickel project in Pilbara. The drilling samples have been sent to a lab in South Australia, with assay results expected to return by September.
OptiBiotix struck a commercial deal with one of the world leaders in flavourings and ingredients. Its deal with Firmenich will see the two companies develop new products containing OptiBiotix's SweetBiotix low-calorie alternative to sugar.
Induction Healthcare said it signed an agreement System C Healthcare, which will sell Induction’s Zesty engagement platform. Zesty allows people to manage their hospital appointments, as well as view their letters and clinical records.