The FTSE 100 is up again this morning, holding at six-month highs of just under 7,600 points. But the performance of the stock market may be cold comfort for British consumers – a report from the British Retail Consortium today says that food inflation hit a new high in December, topping 13.3%.
High energy costs are also on the agenda. Businesses may see some more clarity on energy support today, with chancellor Jeremy Hunt due to meet business groups this afternoon to discuss packages for March and beyond.
Over in the US, Twitter is facing a lawsuit in San Francisco for unpaid rent, adding to concerns over the company’s financial troubles.
While Microsoft has suggested it could launch a new AI- powered version of its search engine Bing in March, potentially bringing a new level of challenge to Google.
And in small caps, shares in tech firm Seeing Machines jumped after it confirmed it’ll be unveiling three new strategic collaborations at a Las Vegas event this week.
While researcher hVIVO also had a good morning after announcing a US$5.2mln study contract with an Asia-Pacific based biotech company. You’ll be able to watch my interview with the CEO of hVIVO Mo Khan here on Proactive later today.
This morning’s report was written by Josh Lamb and presented by me, Thomas Warner.
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