FTSE 100 moves higher following the passing of Queen Elizabeth II

FTSE 100 pushed higher, up 73 points to 7,336. The country will enter a period of mourning following the death of Queen Elizabeth II yesterday.

Today’s sporting events have been cancelled with the weekend’s fixtures set to follow suit. Postal and rail strikes scheduled for the next ten days were also abandoned out of respect.

The London Stock Exchange said it will remain open and trade as normal in the days of mourning up to the funeral, which is expected to be a national bank holiday.

ASOS cautioned that adjusted pre-tax profits and net debt will be at the bottom end of company guidance. Net debt stands at about £150mln.

Reabold Resources told investors it welcomes the government’s decision to lift the ban on onshore fracking. It said the change could be “materially beneficial” to the company’s onshore business.

Argo Blockchain said it entered a strategic hosting agreement with an undisclosed party. The crypto mining company will host and operate machines owned by the latter at its Helios facility in Texas.

Creo Medical reported revenue growth which is paving the way toward profitability. Revenue grew to £13.6mln compared to £12.9mln the year prior, “driven by core technology” according to a statement.

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