FTSE 100 pushed higher, up 20 points to 7,041 by mid-morning. UK ten-year gilt yields slipped back after their recent surges in the wake of the chaotic mini-budget.
Mortgage providers withdrew partial and entire lending ranges following Friday’s mini-budget. Virgin Money and Skipton Building Society temporarily paused their entire mortgage product range.
Biffa recommended shareholders accept a 410p per share bid from private equity firm Energy Capital Partners. The deal values the waste management company at £1.3bn.
JD Sports, Elite Sports and Rangers FC were fined more than £2mln by the competition watchdog for fixing the prices of replica football kits.
Digitalbox posted a “strong” first-half performance and remains confident it can navigate economic headwinds for the rest of the financial year. It expects full-year results broadly in line with expectations.
Cornerstone FS said the strong trading momentum seen in the first half continued in the second six months of the financial year. The international payments specialist saw its total revenues grow by 127%.
Frontier IP’s portfolio company launched a new technology that improves the efficiency of battery chargers and power supply units. Pulsiv OSMIUM uses fewer components than existing technologies, making it cheaper to produce and cutting energy wastage through heat loss.