FTSE 100 opened higher, gaining 38 points to 7,344. Unilever charged ahead on the index after reporting underlying sales growth ahead of previous expectations.
EasyJet revealed it took a large financial hit in its latest results. The airline said it lost £133mln in the last quarter due to cancellations and delays caused by staff shortages.
Amazon announced its first Prime price hike in eight years on higher inflation and operation costs. It will cost an extra £1 a month for its unlimited next-day delivery, entertainment and live sports streaming.
Millions of households may fall into “unmanageable debt” if the government does not reassess its energy support package before bills rise in October. MPs warned in a report that more support is needed for struggling households.
Franchise Brands raised its interim dividend as it hailed buoyant trading in the first six months of the year. Recovering levels of activity in the customer base post-Covid and the elevated price of cooking oil were to thank said the franchise specialist.
Advance Energy told investors it has raised new capital as it works to advance a reverse takeover opportunity. The injection of capital is expected to be sufficient to enable management to select, negotiate and pursue such an acquisition.
Shoe Zone raised full-year profit guidance due to better-than-expected trading in recent weeks. It has seen greater demand for summer products, adding that its margins are improving because of good supply chain and cost management.