The FTSE 100 started in the red after UK inflation figures were higher than expected and US retail sales missed expectations. The London leading index lost 25 points to 6,340 in early trades. British inflation rose 0.7% in October from 0.5% in September due to higher prices for clothing and food. It should remain stable at 0.5%.
Boris Johnson will ban the sale of new gasoline and diesel-powered cars and vans by 2030 as part of a new 10-point plan to make Britain greener. Hybrids will still be allowed.
British Airways will launch a COVID-19 test for passengers traveling to the UK from three US airports. The airline is looking for alternatives to the government’s two-week quarantine.
Europa-Metals () said a study of the Toral lead-zinc-silver mine project in northwestern Spain indicated a much larger mining operation than thought feasible. The new plan provides for an operation of 700,000 tonnes per year over a period of 12 years.
Small-cap broker finnCap Group PLC () has seen its profits rise 166% in the past six months. The numbers were boosted by a 53% increase in transaction and advisory fees.
InnovaDerma PLC (), the owner of the Skinny Tan and Roots personal care brands, has hired a new CEO from Philip Kingsley, the premium hair care group. Blake Hughes brings with him “vast” experience in marketing and digital analytics, the company said.