FTSE 100 opened slightly higher as investors are jittery after shares in failing Chinese property group Evergrande were suspended in Hong Kong. London’s leading index added 2 points to 7,029 in early trading.
The Morrisons takeover saga is coming to an end after US private equity firm Clayton, Dubilier & Rice won an auction on Saturday. Shareholders are to vote on the £7.1bn takeover in a few weeks.
Rishi Sunak will commit £500mln to renew job support schemes now that the furlough programme has been phased out. The chancellor will address the Conservative Party conference on Monday.
The UK has scrapped its traffic light system for international travel. Fully vaccinated passengers from countries not on the red list won’t be required to quarantine.
Caledonia Mining has declared an increased quarterly dividend of US$0.14 per share, as gold production from the Blanket mine in Zimbabwe continues apace. The new dividend is 8% higher than July’s payment.
Scotgold Resources produced 62 tonnes of gold concentrate from its Cononish mine in Scotland during September, an increase of roughly 24% on the previous month. The concentrate produced graded at an average of about 311 grams per tonne gold and 1,200 grams per tonne silver.
Mirriad Advertising is teaming up with SpringServe to automate its in-content advertising format via programmatic campaigns across internet-driven TV formats. The two will roll out in-content advertising “across multiple platforms, channels, and markets” starting with the US this year and next, moving to Europe, Japan and the Asia-Pacific region in 2023.