FTSE 100 fell 31 points in morning trading, down to 6,795. Housebuilders are among the biggest fallers as the recent surge in mortgage rates following the mini-budget may see a slump in housing sales.
Entain reiterated full-year 2022 EBITDA guidance today as third-quarter gaming revenue rose 2%. It also reported healthy momentum heading into the year-end, boosted by the FIFA World Cup.
GSK hailed ‘truly exceptional’ results from a phase III clinical trial of its respiratory syncytial virus vaccine in over 60s. It showed a 94.1% reduction in severe RSV, which causes cold-like symptoms.
The first of 21 Royal Mail strike days over the coming months will happen today. Around 115,000 staff are walking out over pay and conditions in the biggest national strike of any sector this year.
Treatt’s profit is set to meet revised forecasts for the year to 30 September 2022. It expects to report profit before tax and exceptional items of between £15mln and £15.3mln.
OnTheMarket said it renewed listing agreements with several existing customers. It also brought on board Lomond Group, which has 60 branches across England and Scotland.
Cobra Resources said reverse circulation drilling will start soon at the Clarke prospect at the Wudinna project in South Australia. It is expected to enable an updated gold resource estimate and a maiden rare earth resource estimate.