Good morning from London, where the FTSE 100 is up so far this morning to continue with the momentum from last week. Supermarket giant Tesco is among the gainers after naming Burberry and Tate & Lyle chair Gerry Murphy to head up its own board of directors, following John Allan’s departure.
M&S shares also rose, despite a squabble breaking out between management and shareholders over the retailer’s advice to stay away from Tuesday’s AGM due to its digitalisation drive.
Here in the City, high street banks have been told by Chancellor Jeremy Hunt that he’s “deeply concerned” by them blocking the accounts of people they deem insufficiently progressive, after it emerged that the Yorkshire Building Society has closed the personal bank account of a 62-year old vicar after he emailed them about their Pride flags.
Elsewhere, Apple has faced slashing production targets for the Vision Pro augmented-reality headset from 1mln to 400,000 over concerns of design complexity. Elon Musk’s Twitter has been slapped with a US$665,000 lawsuit by Australian project manager Facilitate Corp for not paying bills. And in small caps, 88 Energy rose after announcing it had completed the acquisition of new oil and gas assets in Texas.
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