FSTE down in early trading – Market Report

The FTSE 100 opened lower today, down to just over 6,900. London’s blue-chip index was on the backfoot following weak economic data and a power vacuum at Number 10.

Deliveroo has warned gross transaction value growth for full year 2022
will be at the lower half of its previously announced range at between 4 and 8% in constant currency.

Public sector net borrowing was a whopping £20bn in September, £3bn more than economists expected, according to the latest ONS data.

Flutter Entertainment has nabbed the chief financial officer from Intercontinental Hotels. Paul Edgecliffe-Johnson spent almost two decades at the Holiday Inn owner, but will join Flutter from next year.

Directa Plus said its patented G+ graphene will be used in the asphalt for a 250km motorway section in Italy.

Specialist currency and asset manager Record saw net inflows rise to US$6.6bn in the second quarter, up from US$2.0bn in the previous three-month period.

And Vast resources announced a 20% overall increase in third quarter production from its Baita Plai Polymetallic Mine in Romania.

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