- 23 September 2021
FTSE 100 started in the green as some clear direction seemingly from the US Fed on its interest rate intentions overshadowed ongoing concerns about the Evergrande crisis. London’s leading index added 22 points to 7,106 in early trading. There was more turmoil in UK gas sector as two more suppliers Avro Energy and Green stopped trading on Wednesday and affecting 830,000 customers in total. They will still receive energy while Ofgem appoints a new supplier. Royal Mail PLC (LSE:RMG) said parcel volumes have slowed sharply since the easing of lockdown restrictions. The postal group kept guidance for profits unchanged but says the outlook is not clear. Pub and restaurant group Mitchells & Butlers PLC (LSE:MAB) sales have recovered almost to 2019 levels since reopening in May. Food outlets are doing better than drink-focused sites said the All Bar One owner. City Pub meanwhile says trading in town centre sites has benefited from the return to work and to university during September. Like Mitchells, it sales are running at above 90% of 2019 levels and it continues with its expansion plans, having today acquired a hotel in Norfolk. Chill Brands announced the launch of a new product line to complement its CBD range. Its tobacco-free nicotine flavour pouches, licensed from Next Generation Labs, will be stocked in shops in its extensive US retail network and online at Chill.com from the fourth quarter. Benchmark Holdings PLC (AIM:BMK) said its CleanTreat water purification system won the highest level of recognition from the Aquaculture Stewardship Council (ASC). It was awarded a zero on the ASC’s rating scale, the best possible score.
Investment - Jim Cramer discusses the Fed's latest policy meeting and positive Evergrande developments | CNBC Televison
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