Market Report 11/10/2022 – BoE steps in again

The FTSE 100 fell in morning trading. The Bank of England was forced to step in once again, pushing the gilt yields lower to avoid what it called “material risk to UK financial stability.”

Grocery price inflation hit another new peak, now standing at 13.9%, according to figures from Kantar.

Finetch firm Plus500 have forecasted that revenues and EBITDA for the full year 2022 will be ahead of current market expectations.

Heathrow was once again Europe’s biggest airport as 5.8mln passengers travelled through the hub last month.

Tungsten West is now placing orders for long-lead items for its Hemerdon project in Devon for delivery in the first quarter of 2023.

Kavango Resources commenced drilling at its Kalahari Copper Belt project in Botswana.

And Genflow announced that its received a grant award of €250,000 from Enterprise Estonia, to fund some more anti-ageing research.

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