The FTSE 100 was steady this morning at around 7,380 points. Fresh data from the office for national statistics showed that the cost of energy helped bring UK inflation to 41-year highs of 11.1% in October.
Deliveroo said its “disciplined approach to capital allocation” means that it has decided to stop trading in Australia, but is keeping its full-year guidance unchanged.
Google owner Alphabet is facing calls from one of its investors to make ‘aggressive’ cuts to its wage bill. Sir Christopher Hohn, managing director at TCI, holds a stake worth US$6bn in the company.
Scottish energy company SSE reported a pre-tax loss of £511mln in its half year results due to weak renewables performance, but still increased its interim dividend by 13.7%.
Radiation protection equipment maker Kromek says its won a £5mln UK government department contract to develop and supply biological threat detection systems. Work will commence in December on the three-year programme.
Ethernity Networks picked up another follow-on order for its 5G second-generation wireless base station node. The new order is to support network functions and critical traffic management.
And East Star Resources said its completed a 1,001-metre reverse circulation drilling programme at the Talairyk project in Kazakhstan.