FTSE 100 opened lower, losing 14 points to 7,556 as traders waited for the European Central Banks’ interest rate decision. That was despite good rises in the US and Asia overnight.
Roman Abramovich has had over £5bn worth of assets linked to him frozen by the Jersey court. They’re either located on the tax haven island or owned by Jersey-incorporated entities.
Tesco will pay almost £50mln in bonuses to workers following tripled profits. Roughly 290,000 staff will receive a bonus even though UK’s leading supermarket warned of tougher times ahead on surging inflation.
Hermes, the Birkin bag maker, saw sales exceed expectations in the first quarter with 27% organic growth. All divisions clocked double-digit growth including leather goods.
DiscoverIE Group PLC raised guidance after a strong end to the year. Orders in the final two months of the year to the March remained well ahead of sales, growing 27% compared with two years ago.
Poolbeg Pharma has been granted European patent protection over its key asset, POLB 002, a nasally administered treatment. The asset has the potential to protect against respiratory virus infections.
Voyager Life said revenues have grown strongly and it has cash in the bank at year-end to continue developing its business model. Revenue in the second six months of the financial year increased 88% compared with the first half, said the CBD product specialist.
