FTSE 100 gained 60 points to 7,486 in early morning trading though Sainsbury’s profit warning was a drag on London’s blue-chip index.
Meta’s shares jumped more than 16% in aftermarket trading after the release of better-than-expected earnings. The performance from the Facebook owner was driven by an increase in users across the company’s platforms.
Barclays made an attributable profit of more than £1bn in the first quarter despite having to pay £500mln to set right its structured finance product fiasco. Income rose 10% from the year before, thanks to a strong performance in the Corporate and Investment Banking division.
Sainsbury's is the latest retailer to warn profits will take a hit as rising inflation puts a squeeze on household income. It said underlying profit before tax for the year is expected to be at least £40mln less than last year’s final figure.
Bidstack has signed a new and exclusive partnership with ‘Hollywood Story: Fashion Star’, a fashion and lifestyle game developed by Nanobit. The in-game advertising company said it is a role-playing mobile game that allows players to live their movie star dream and experience the life of a celebrity.
Creo Medical said annual revenue in 2021 will be just over £25mln - in line with the upgraded expectations. First-quarter revenues in 2022 were also strong, thanks to a reopening of markets, increased training and the adoption of Creo’s Speedboat Inject device.
Cloudbreak Discovery has acquired the Foggy Mountain gold-silver-copper project in British Columbia, Canada. The project is located immediately east of Centerra Gold Inc’s copper-gold Kemess project and lies along a mineralized corridor containing several past producing mines, including Shasta, Baker, Lawyers and Kemess.
