FTSE 100 built on Monday’s gains, helped by a good showing by tech firms on US markets overnight. London’s leading index added 14 points to 7,123 in early trading.
Didi, China’s equivalent of ride-hailing firm Uber, however has scrapped plans to launch in the UK and Europe. It was due to concerns over customers’ data use.
Deliveroo PLC (LSE:ROO) (LON:ROO) has partnered with pharmacy chain Boots to deliver hundreds of products including medicines, toiletries and baby products. The scheme is launching today in 14 stores.
McDonald’s has run out of milkshakes in all its UK sites due to supply chain issues. The news comes just a week after Nando’s had to close tens of stores due to a chicken shortage.
Elsewhere, the UK onshore Wressle oil field has produced at its targeted rate of 500 barrel in testing, boosting the prospects for AIM-quoted stakeholders Union Jack Oil PLC (AIM:UJO) and Europa Oil & Gas Plc. Union Jack noted that the rate was achieved after a ‘proppant squeeze’ operation that stimulated the Wressle-1 well.
Gfinity PLC (AIM:GFIN, FRA:3GF) (AIM:GFIN, FRA:3GF) is to acquire Megit, a private company that owns and operates the website Stock Informer, for an initial consideration of £5mln. Half of the consideration will be satisfied in shares with the rest paid in cash.
Tirupati Graphite PLC (LSE:TGR) (LSE:TGR) said its gross profit rose 66% in the year to end March 2021, helped by a full year of commercial production from its Sahamamy facility in Madagascar. Revenue grew 42% to £1.12mln.