Another day of optimism over a potential debt ceiling deal in the US preceded an early rise by the FTSE 100 this morning, as investors were again reassured that a June government default could be avoided.
In the UK, Nationwide customers woke to welcome news that £100 would be distributed in their accounts following a 40% jump in the lender’s annual profits.
Asda staff faced a difficult morning however, following claims by GMB union that the supermarket may cut 7,000 jobs if workers do not accept pay cuts come November.
Smiths Group shares rose after the tech company lifted guidance on strong third-quarter results, which showed organic revenue up by 13.4% year-on-year.
Magners cider maker C&C Group plummeted meanwhile, after issuing warnings of a €25mln headwind due to the lengthy implementation of a new enterprise resource planning system.
And with the small caps, Genedrive shares soared after UK regulators endorsed in draft the use of its gene test in patients before administering stroke-prevention drug clopidogrel.
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