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FTSE 100 opened brightly ahead of the keenly awaited conclusion of the latest US Fed meeting later today with inflation the issue on everyone’s minds. London’s blue-chip index rose 25 to 7,198.
UK inflation meanwhile has risen back above 2% for the first time in two years. The consumer price index increased by 2.1% in May compared to an annual rate of 1.5% in April.
A new treatment for Covid-19 can cut deaths in the most severely affected patients by up to a fifth, a study found. The monoclonal antibody treatment is made by Regenoron and works by stopping the virus from infecting cells and replicating.
Made.com (LON:MADE) has listed at a price of 200p per share valuing the designer furniture retailer at £775mln. Trading in its shares started today in London.
Among the small caps, Westminster Group PLC (LON:WSG) has been awarded a long-term contract to provide port screening services at the Monrovia Freeport in Liberia. It will bring in US$1mln in revenue in the first year alone.
Zephyr Energy Plc (LON:ZPHR) has received two monthly revenue payments for oil wells it has acquired in March. They are located in North Dakota and they will soon go online for production.
Filta Group Holdings PLC (LON:FLTA) continues to see higher demand as its markets exit lockdowns. The group provides fryer management services to commercial kitchens.
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