- 27 September 2021
The FTSE 100 started on the front foot as the higher oil price pushed higher two of its major constituents, BP PLC (LSE:BP.) and Royal Dutch Shell plc (LSE:RDSA). London’s leading index advanced 37 points to 7,089 in early trading. The UK is considering suspending competition law to improve fuel deliveries to petrol stations. The move comes after days of panic buying as several pumps across the country had to close. Rolls-Royce Holdings PLC (LSE:RR.) has made a “major win” after the US Air Force selected it to power one of its jets for the next 30 years. The group will make 650 engines at its Indianapolis facility. boohoo group plc (LSE:BOO) has published a list of 1,100 factories it works with around the world. The fast-fashion retailer is reviewing its ethical standards after the scandal at its Leicester suppliers last year. Among the small caps, Futura Medical PLC (AIM:FUM) has inked its third major commercial agreement for MED3000, its fast-acting erectile dysfunction gel. Labatec Pharma will oversee the regulatory sign-off of the product in the Gulf Co-operation Council region as well as Jordan, Lebanon and Iraq. Incanthera plc (AQSE:INC) has filed two trademark names for the commercial use of its skin cancer formulation, currently identified as Sol. The applications will now be examined by the UK authorities. In the mining world, Base Resources Limited (AIM:BSE, ASX:BSE, FRA:B4Z) has almost doubled the resource base at its Rano
Europe - Energy Crunch Goes Global | Bloomberg Markets and Finance
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