The FTSE 100 extended its gains for the third consecutive day, climbing 42 points, or 0.6%, to 7,507, helped in part by the weakness of the pound against the surging dollar as the US Federal Reserve plans more interest rate rises.
Wages, when adjusted for inflation, fell by 1.2% in the first three months - their biggest decline in nine years.Although unemployment dropped to 3.7% - the lowest level in almost 50 years as job vacancies hit a fresh high.
Elon Musk said a lower price for Twitter was “not out of the question” as he believes the number of fake accounts is greater than the “less than 5%” claimed, sparking speculation his US$44bn offer may fall through.
Vodafone reported profits and cash flow in line with expectations but warned both could be lower in the coming year due to inflation.
Onto the small caps, Eckoh said operating profit for the year will be 5% ahead of market consensus, adding it expects to see ‘material growth’ in 2023.
Sureserve said almost all this fiscal year’s expected revenue is covered by its order book, with it strategically positioned to deliver clear growth.
Anglesey Mining raised over £800,000 following a placing and subscription of shares.
The money will be used to advance the Parys Mountain copper-zinc-lead-silver-gold project in Wales, through additional technical activities.