The FTSE100 reached a new record high this morning, climbing above 7,900 points.
The National Institute for Economic and Social Research is saying that the UK could avoid recession this year, predicting GDP growth of 0.2%.
Housebuilder Barratt Developments is reporting a 15.9% rise in half-year pre-tax profits, meanwhile, but warns conditions remain challenging and that spring trading will be more instructive.
JD Sports says its completed the sale of five of its brands to Frasers Group, in a deal worth up to £47.5mln.
Across the Atlantic, Zoom has become the latest tech firm to axe jobs. 1,300 employees are set to depart, while chief executive Eric Yuan said he’ll take a 98% pay cut.
And in small caps, shares in miner Trident Royalties rose 5.5% on news that a permit for its associated Thacker Pass Nevada lithium project will not be removed after all.
That’s all for this morning, today’s report was written by Josh Lamb and presented by me, Thomas Warner.
#investing #ProactiveInvestors #ftse100 #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews