Good morning from a very sunny London, where the FTSE 100 is currently down from Friday’s close.
The biggest loser so far this morning is gambling group Flutter Entertainment, which announced last week that it was shutting down its Fox Bet operation in the US.
Here in the UK though high street lender Halifax is reporting that UK house prices fell by 2.4% in the year to July. The decline was less drastic than the 2.6% recorded in June, but was the fourth monthy fall on the bounce, leaving the average house price in the UK at £285,044.
Back on the stock market now and its another busy week of earning updates here in the City - Card Factory (LSE:CARD) is already out of the blocks this morning announcing that it believes its full-year figures will likely be materially ahead of expectations, thanks to strong first-half trading.
Shipping services firm Clarksons has failed to please investors with its interim update though, as reports of growing revenue and profit were overshadowed by a warning of softening freight rates in the sector.
Lloyds Bank is has some questions to answer after reports emerged of a class action lawsuit that alleges the bank paid commission to car dealers to hike interest rates on financing deals.
And finally in small caps, Reabold Resources shares rose as the company said its gained the support of the Italian government for its acquisition of the onshore Colle Santo gas field.
