FTSE 100 advances with Berkeley top of the index’s risers

FTSE 100 opened higher, climbing 24 points to 7,311. This was despite retail sales slowing in August, according to figures from the British Retail Consortium.

Go-Ahead is dealing with a cyber security incident following unauthorised activity on its network. The transport group insisted UK and international rail services have remained operating as usual.

Volkswagen intends to float the sports car brand Porsche in what may become one of the world’s largest IPOs. This comes despite 40-year high inflation that has sent stocks plummeting.

Berkeley expects to meet its profit forecasts for the current and next financial year. It reported robust housing demand enabled it to raise prices to mitigate cost inflation.

Among the small caps, Poolbeg Pharma said it is expecting a busy end to the year and start of 2023. Strong progress was made in moving its assets along the value chain in the first half, including POLB 001, a treatment for severe flu.

Inspired’s sales and profits climbed in the first half of 2022 as companies scrabbled to find a solution to their soaring energy costs. Revenues in the half year to June 2022 rose 24% to £40.5mln.

Ethernity Networks, the provider of processing technology for ethernet switching, said its shares will begin trading on the OTCQB Venture Market in the US today. Shares will trade under the ticker symbol ENETF.

You might like

© 2022 Stockmark.it The Latest StockMarket News and Interviews