FTSE 100 made a bright start as airlines and other travel stocks got a lift from the holiday resumption talk over the weekend. London’s blue-chip index rose 38 to 7,008.
Pandora says it will no longer sell natural diamonds and instead will switch exclusively to synthetic lab-made diamonds. CEO The group, which is world’s biggest jeweller, said the move was part of a broader sustainability drive.
Warren Buffett has named his successor at Berkshire Hathaway Inc (NYSE:BRK.A) but the legendary investor is not stepping down just yet. In an interview with CNBC, Buffet said that if anything was to happen to him, Greg Abel, the firm’s 58-year old vice-chairman, would take over.
Provident Financial PLC (LON:PFG) is set to close its doorstep lending business that has 380,000 customers due to soaring complaints. Online arm Satsuma will also shut following the strategic review with an announcement expected later this week.
Among the small caps, Kodal Minerals PLC (LON:KOD) has made progress towards securing a mining licence for Bougouni in Mali. The miner has received approval for its feasibility study and mining development plan.
Mkango Resources Ltd (LON:MKA)(TSX-V:MKA) has upgraded expected production at the Songwe Hill rare earths project in Malawi. An ongoing feasibility study envisages doubling the scale of operations.
One Media IP Group PLC (LON:OMIP) has acquired the writer’s share to the royalties of more than 250 tracks of Kid Creole and the Coconuts. The group’s best-known hits are “I’m A Wonderful Thing, Baby”, “Annie, I’m Not Your Daddy” and “Stool Pig
