FTSE dips in early trading – Market Report

The FTSE 100 ticked down in early trading but remained close to three-week highs.

Rishi Sunak has become the firm favourite for next PM, according to reports, after Boris Johnson backed out of the race late last night.

Frasers Group has said its received valid acceptances for its mandatory offer for MySale and has increased its stake in luxury clothing brand Hugo Boss.

Publishers Pearson confirmed it remains on track to meet full year sales and adjusted operating profits in line with expectations.

Shell has said it will invest in the second phase of a mega liquefied natural gas project in Qatar, having bought into the initial stages of the development three months ago.

Union Jack Oil confirmed it will pay its maiden dividend and undertake a share buy-back programme. It continues to see good production volumes and higher oil and gas prices at the UK Wressle field.

Battery and lighting distributor Supreme said its lighting division is now showing signs of recovery following a slowdown in the first half of the year.

And Cellular Goods said its ‘Look Better’ skincare products will be available to purchase from Debenhams’ online marketplace from today, with eight products initially available to consumers.

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