FTSE 100 opened higher, gaining 29 points to 7,266. Trading in London made a bright start following strong gains in the US overnight.
Liz Truss will address the Commons today as she unveils her plan to help households and businesses. The new PM is expected to freeze bills at about £2,500.
Associated British Foods warned that adjusted operating profits will be lower in the next financial year. It said its Primark business will feel the consequences of inflation.
Darktrace swung to a pre-tax profit for the last fiscal year. Tech investment firm Thoma Bravo also confirmed it would not make a bid for the cybersecurity company.
Open Orphan said it is on track to post record revenues this year as it exited the first half in a solid financial position. The contract research group expects its turnover to hit £50mln.
Restaurant Group swung to an underlying profit in the first half. It said its Wagamama chain outperformed a challenging market as it hedged all its energy costs out to the end of 2024.
Shield Therapeutics’ interim revenues jumped by 300% as US sales of its anaemia treatment Accrufer started to ramp up. Revenues rose to £2mln in the half year to end-June 2022.