The FTSE 100 rose in early trading before settling at around 7,370 points with the market continuing to digest the yesterday’s autumn statement.
The taxpayer bailout of Bulb Energy is on course to cost £6.5bn according to the Office for Budget Responsibility after it went into administration last November.
Elsewhere in the UK Royal Mail workers have targeted the Christmas period for a new wave of strikes, adding six further days in December including Christmas Eve.
In the US Twitter workers are reportedly resigning on mass after being told to work “long hours at high intensity” by Elon Musk. The company’s offices have also been closed to staff until Monday.
Legal & General has forecast a £10mln hit to full-year revenues and profits as a result of the chaos in the pensions market in September. It did however maintain operating profit guidance.
Hurricane Energy said it received multiple expressions of interest from "credible counterparties” after it put the business up for sale last month.
And Net Zero Infrastructure said it has withdrawn from takeover talks for Taylor Constructions Plant and Solar Highways due current market conditions. In May, it had announced its intention to acquire Taylor Construction Plant and Solar Highways.