Good morning from a very rainy London, where The FTSE 100 is defying the gloomy weather by being up on the day. Investors have also been looking to gilt yields, which hit a 15-year high on Monday ahead of another interest rate call from the Bank of England coming up this Thursday. Homebuyers have been at the sharp end of all these market jitters, with UK lenders pulling hundreds of offers on Monday.
Turning to the stock market now, Frasers Group has enjoyed a boost this morning after Mike Ashley’s investment vehicle took a 9% stake in high street electricals retailer Currys.
SAGA shares also jumped as the insurance and holiday company said full-year underlying profit will likely be well ahead of last year’s showing.
Battery maker Northvolt has secured a US$400mln injection from Canadian investors, which will help the Swedish firm boost production and prepare for a potential IPO.
And in small caps, Atlantic Lithium shares were boosted by some positive results from the Ewoyaa mine in Ghana, indicating significant quantities of lithium.
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