Petrol prices have surged above 140p per litre for the first time in almost a decade as the energy crisis continues to roil markets.
The cost of petrol hit 140.22p on Thursday – the first time it has passed 140p since September 2012 – according to data from the AA.
The hike comes as a supply crunch pushes up wholesale oil prices, which in turn are passed on to consumers at pumps.
Fuel costs have also been driven up by supply shortages, which have led to long queues at petrol stations around the country as motorists began to panic buy.
While the situation has eased since the height of the crisis last month, the Petrol Retailers Association warned that 10pc of filling stations in London and the south east are still dry.
03:14 PM
Branson risks being eclipsed by billionaire rivals in the space race
After William Shatner's highly-publicised flight into space this week, competition is heating up between billionaire rivals in the space race.
But broken flight regulations, problems with the strength of his craft and other issues have seen Sir Richard Branson fall behind Elon Musk and Jeff Bezos.
Travel stocks US British Airways IAG - REUTERS/John Sibley/File Photo
Travel stocks are ending the week on a high after the US confirmed it will reopen transatlantic flights with Britain.
The move, first reported by the Telegraph, brings the 18-month travel ban to an end for full-jabbed passengers.
Travel stocks got a healthy boost from the announcement, with British Airways owner IAG jumping 3.6pc to the top of the FTSE 100. InterContinental Hotels Group pushed 2.2pc higher.
On the mid-cap index, easyJet was a big winner, rising around 3.2pc. Rival airlines Ryanair and Wizz Air also made gains of 2.8pc and 2.2pc respectively.
02:46 PM
Hong Kong watchdog to investigate PwC audit of Evergrande accounts
Here's an update on Evergrande from my colleague Simon Foy.
He writes:
Hong Kong’s accounting regulator has launched an investigation into PwC’s most recent audit of Evergrande, the world’s most indebted property developer.
The state’s Financial Reporting Council (FRC) cited concerns about the high levels of debt on Evergrande’s balance sheet. It added that the company’s cash reserves did not cover its liabilities, raising questions over whether it should have been given a clean bill of health.
It came as China’s central bank insisted that risks to the financial system stemming from the developer’s struggles are “controllable” and unlikely to spread.
The watchdog said it had identified “questions about the adequacy of reporting on going concern” in Evergrande’s accounts for 2020 and the six months to the end of June this year.
It also said it would consider whether PwC’s audit of Evergrande’s accounts for 2020 “complied with the applicable auditing standards”.
After better-than-expected retail sales figures, the US economy has just been handed a bit of a reality check.
New data shows US consumer sentiment fell unexpectedly in early October to its second-lowest level since 2011,as Americans grew more worried about both current conditions and the economic outlook.
The University of Michigan’s preliminary sentiment index fell to 71.4 from 72.8 in September. This was below the median 73.1 in a Bloomberg survey of economists.
Consumers expect inflation to rise 4.8pc over the next year, the highest since 2008, the report showed. Buying conditions were seen as less favourable, especially for vehicles.
Rising Covid-19 cases in the US has weighed on sentiment over the summer, while inflation is also piling pressure on household bills.
Richard Curtin, director of the survey, said: “When asked to describe in their own words why conditions were unfavorable, net price increases were cited more frequently than any time since inflation peaked at over 10pc in 1978-80.”
02:16 PM
Mark Carney: Carbon offsetting could be worth £100bn
Former Bank of England governor Mark Carney - Peter Summers/Pool via REUTERS
The carbon offsetting market could be worth $150bn (£109bn) a year but is being held back by "inconsistency" and "fragmentation", according to former Bank of England governor Mark Carney.
Carbon offsetting, which allows firms to drive down their overall carbon footprint by promising to spend cash on initiatives like reforestation, has proved a controversial practice.
But Mr Carney said the growth of the offset market would be a crucial part of achieving net zero goals.
Speaking at a conference on Thursday night, he said: "This market is only about $1bn (£730 million) a year and it's fragmented, it's inconsistent.
"This is a £100bn to £150bn-a-year market if we get it right, and the only way we get it right is if it's high integrity."
Mr Carney acknowledged criticism that carbon offsetting is being used as a vehicle for so-called greenwashing, where firms use offsetting projects to cover inaction.
He said: "Those who purchase the offsets need to be part of the solution. They can't be buying 'indulgences' for instance."
01:58 PM
GB News boss: ‘Farage has been a huge success… I thank Andrew Neil for that terrific idea’
US stocks have pushed higher at the open after Goldman Sachs became the latest major bank to post strong profits and retail sales rose unexpectedly.
The benchmark S&P 500 rose 0.2pc, while the Dow Jones was up 0.3pc. The tech-heavy Nasdaq continued its recent strong run, rising 0.5pc.
01:31 PM
Ukraine accuses Russia of cutting oil supplies
Ukraine has accused Russia of sending less gas to Europe than specified in existing contracts.
Sergiy Makogon, head of Ukraine's pipeline operator, Russian supplier Gazprom has lowered volumes via Ukraine to 86m cubic metres (mcm) per day this month from 109 mcm in September – the level outlined in the current contract.
In a Facebook post he wrote: "Despite the significant shortage of gas in the EU and maximum prices, Gazprom does not even use the capacity that has already been paid for."
Russia has repeatedly said it is fulfilling its contractual obligations in supplying Europe with requested gas volumes, with President Putin insisting Moscow was ready to provide more gas to Europe if requested.
But some European politicians have suggested Russia is using a spike in gas prices as leverage in a dispute over the Gazprom-led Nord Stream 2 pipeline project – something the Kremlin has denied.
01:11 PM
Dealmaking drives up profit at Goldman Sachs
Goldman Sachs Wall Street investment bank - REUTERS/Brendan McDermid
Goldman Sachs has posted a sharp rise in profit for the third quarter as Wall Street's biggest investment bank cashed in on a frenzy of dealmaking.
Net profit jumped by two-thirds to $5.3bn (£3.9bn) in the three months to the end of September from $3.2bn a year ago.
Goldman, which generates a third of its revenue from its investment bank through lucrative fees from advising on deals, reported a surge in advisory fees, as large companies and financial sponsors embarked on a slew of transformative deals.
Total revenue surged by more than a quarter to $13.6bn over the three-month period.
It comes after a slew of other Wall Street banks reported strong rises in profits as business begins to pick up after the pandemic.
But unlike rivals such as JPMorgan and Bank of America, Goldman has a relatively smaller consumer business, which has limited its exposure to loan defaults and allowed it to focus on investment banking.
12:53 PM
US retail sales get unexpected boost
US retail sales rose unexpectedly in September as demand for goods remained robust.
The value of overall retail purchases rose 0.7pc last month following an upwardly-revised 0.9pc increase in August, according to the latest figures from the US Commerce Department. Stripping up the impact of cars, sales were up 0.8pc.
The numbers are a sharp improvement on the 0.2pc decline in overall sales forecast in a Bloomberg survey of economists.
It reflects a shift towards goods as surging coronavirus cases in the US reduced demand for services such as travel and entertainment.
Higher spending on merchandise is likely to add more pressure to global supply chains, which have struggled to keep up with accelerating demand.
Time for a quick check-up on the FTSE 100, which opened at an 18-month high this morning.
The blue-chip index is holding its gains, trading up 0.3pc at 7,228 points.
Mining, energy and banking stocks are still providing the biggest boost thanks to surging commodities prices and higher yields.
But British Airways owner IAG has now also jumped towards the top of the index, up 2.8pc. It comes after the company said finance chief Steve Gunning will step down after its 2021 financial results.
It also follows a Telegraph report that the US will lift its US travel ban on 8 November.
Amazon EU data protection fine appeal - REUTERS/Abhishek N. Chinnappa/File Photo
Amazon is pushing back against a record €746m (£630m) fine for an alleged breach of the EU's stringent data protection rules.
Luxembourg’s data protection regulator – where Amazon has its EU base – slapped the tech giant with the penalty in July over claims its processing of users’ personal data fell foul of GDPR laws.
The company has now filed an appeal against the ruling at the Luxembourg Administrative Tribunal.
Amazon says it collects data to improve the customer experience, and sets guidelines governing what employees can do with it.
But some politicians and regulators have raised concerns that the company has used what it knows to give itself an unfair advantage in the marketplace.
11:37 AM
British Airways finance chief quits after two years
The finance chief at British Airways parent company is quitting after just two years in the job.
IAG said Steve Gunning will step down after its 2021 financial results. He'll be replaced by Nicholas Cadbury, who currently serves as finance director at Premier Inn owner Whitbread.
Mr Cadbury is also non-executive director and chair of the audit committee for Landsec.
Luis Gallego, chief executive of IAG, said: "I would like to thank Steve for the key role he has played in leading the Group through the unprecedented challenges we have faced in the last 18 months and wish him well for the future.
"His efforts and achievements have enabled us to navigate the pandemic better than most in our sector and ensure we are well placed to take advantage of the enormous opportunities as travel continues to recover in the coming months."
11:23 AM
Job adverts hit record high
Job adverts have surged to a record high as the pandemic continues to spark turmoil in the labour market.
The new of job postings has jumped by 600,000 since the end of August, including 235,000 new adverts that were posted online last week, according to the Recruitment & Employment Confederation (REC).
Overall there were a record 2.29m active job adverts posted in the week of 4-10 October.
The figures show the Covid crisis is continuing to weigh on the jobs market, with employers struggling to find skilled workers to fill roles.
While the growth in job ads has been seen across the whole country, Wales has seen the largest increase in postings, boasting four out of the top 10 hiring hotspots last week.
Neil Carberry, chief executive of the REC, said:
The past month has seen a remarkable spike in job adverts, with 235,000 new ads posted last week. Businesses from almost every sector and local area are hiring right now, and with so much competition for staff, many businesses are having to offer increased salaries and benefits to attract the people they need.
It’s a good time to be looking for work right now – but this bounce-back phase will pass. As the sugar rush fades, future opportunities will be defined by the strength of our underlying economy – notably the extent to which there are capacity constraints on growth, and what progress firms can make on productivity.
Weekly job postings UK jobs vacancies - REC
11:04 AM
Wall Street set to hold gains as oil surges
US futures have held their gains this morning after Thursday's strong bank results and as oil prices spiked to a three-year high.
Futures tracking the S&P 500 and Nasdaq both rose 0.3pc, while the Dow Jones was up 0.4pc.
Some of Wall Street's biggest banks have delivered upbeat results this week thanks to a post-pandemic rebound, helping to temper inflation fears and push share higher. Goldman Sachs is due to publish its figures today.
Energy firms have also been a driving force as oil prices surge to $85 a barrel amid an ongoing supply crunch.
10:53 AM
Addison Lee offers £5,000 to lure in more drivers
Addison Lee driver shortage £5,000 - Richard Gardner/REX
Addison Lee is offering drivers a wage of £5,000 in their first month of work as part of a push to hire 1,000 new workers.
London's largest taxi company is offering the pay guarantee as long as the driver completes 140 trips. Additional perks include paid days off and a pension.
Many employers have hiked salaries amid a shortage of workers across the country, with HGV drivers among the biggest gainers.
Addison Lee said trips jumped by more than 40pc between August and September, with demand expected to continue in the run-up to Christmas.
10:38 AM
Bar owner Loungers to open 10 new venues
Bar group Loungers - Antony Potts
Bar group Loungers is planning to open 10 new sites by the end of the financial year as punters flock back after the easing of restrictions.
The Aim-listed company, which runs 150 independently named Lounge sites and 31 Cosy Clubs restaurant-bars, said it has significantly outperformed the wider market since reopening venues indoors on May 17.
It reported a 26.6pc jump in like-for-like sales in the 20 weeks to October 3 compared to pre-Covid levels in 2019.
Loungers said before the pandemic that it believes it has the potential to grow to about 500 sites across the UK.
10:26 AM
China breaks silence on Evergrande
China's central bank has finally broken its silence on Evergrande, insisting the risks from the troubled property giant's potential collapse were "controllable" and unlikely to spread.
Zou Lan of the People’s Bank of China said authorities and local governments were resolving the situation based on “market-oriented and rule-of-law principles.”
He added that the central bank had asked lenders to keep credit to the real estate sector “stable and orderly”.
Concerns are growing that Evergrande's $300bn cash crunch could spill over to other property developers and even the wider economy. Contagion fears have intensified over the past two weeks after a surprise default by rival Fantasia Holdings and a warning from Sinic that its default was imminent.
Mr Zou said the central bank was urging property firms and their shareholders to fulfill their debt obligations, adding that a slump in developers’ offshore dollar bonds was a natural market response to defaults.
10:08 AM
Coal-fired power hits one-month high amid low wind
Britain's coal-fired power generation jumped to its highest level in a month this morning as wind generation slumped.
Energy firms fired up their coal units today, bringing total coal output to 1,493 megawatts, or about 3pc of demand.
With natural gas costs still high and wind levels dropping, peak power prices for Friday settled above £1,000 a megawatt-hour on Thursday, which could coal-fed production further.
RBC analysts told Bloomberg : “The UK may further rely on coal output over the near term amidst rising gas prices, making coal economically viable over the short term.”
It comes after the National Grid said a key cable bringing power to the UK from Britain won't be fully operational again until October 2023 – seven months later than originally planned.
09:58 AM
City watchdog chairman to step down
Charles Randell, chair of the FCA and PSR - REUTERS/Hannah McKay/File Photo
Charles Randell, chairman of the Financial Conduct Authority and Payment Systems Regulator, will step down from both positions next year.
Mr Randell has asked Chancellor Rishi Sunak to start the process to appoint his successors. He will leave the roles in spring 2022 – 12 months before his five-year tenure was due to end.
The City watchdog has come under pressure during Mr Randell's tenure for its role in the London Capital & Finance and Connaught fund scandals. The chairman said the regulator was "profoundly sorry" for its mistakes and pledged to overhaul its processes.
Mr Randell said: "As the FCA prepares to implement its new wholesale, retail and data strategies under an established new executive, now is the right time for a new chair to carry on the close and continuous oversight of our transformation."
09:46 AM
What's driving the FTSE rally?
The FTSE 100 opened at an 18-month high this morning, clawing back most of its pandemic losses.
The rally seems to indicate ambivalence among investors about surging inflation – an issue that's being further stoked by soaring energy prices.
In fact, the energy crisis is actually fuelling much of the FTSE's gains. A surge in metals and energy prices, as well as higher yields, are driving up miners, oil companies and banks. These make up a significant part of the blue-chip index.
Shell and BP have both soared more than 15pc over the past month, with HSBC and Standard Chartered also among the top performers.
There's also been a boost from the recent relaxation of Covid travel rules, which has pushed up both Rolls-Royce and British Airways owner IAG.
09:36 AM
Petrol hits 140p per litre for first time in a decade
Petrol prices have surged above 140p per litre for the first time in almost a decade as the energy crisis continues to roil markets.
The cost of petrol hit 140.22p on Thursday – the first time it has passed 140p since September 2012 – according to data from the AA.
The hike comes as a supply crunch pushes up wholesale prices, which in turn are passed on to consumers at pumps.
09:14 AM
Landsec rent collections tick up
Landsec property London Piccadilly Lights - David Parry/PA Wire
Real estate group Landsec, which owns sites including Bluewater shopping centre in Kent and Piccadilly Lights in London, said its rent collection rates have continued to improve.
The FTSE 100 company said 85pc of the net rent due on 29 September had been paid. That's up from 81pc for the June quarter date.
Landsec's collection rates remain highest for offices, at 95pc. Regional retail stands at 83pc, while its portfolio of shopping centre regeneration projects – dubbed urban opportunities – lags at just 50pc.
The company said that of the £13m of rent outstanding, £5m relates to customers who have withheld payment pending documentation of agreed concessions.
09:03 AM
Mediclinic jumps as revenue hits pre-pandemic levels
The biggest market move comes from private healthcare group Mediclinic, which this morning said its revenue had recovered to above pre-pandemic levels.
In a half-year trading update the firm said group revenue was up 12pc, driven by a recovery in patient activity across all three of its divisions.
Shares jumped 7pc, propelling Mediclinic to the top of the FTSE 250.
08:51 AM
Contactless limit rises to £100
Contactless payment limit £100 - Getty Images
Shoppers can start splashing out more with contactless payments from today after the cap on transactions lifted from £45 to £100.
The changes to the limit have been ushered in by the Treasury and the Financial Conduct Authority amid the growing popularity of contactless payments.
Chancellor Rishi Sunak said the move will make paying more convenient for customers and provide a boost to brick-and-mortar retailers after the pandemic.
However, retailers have warned it could take retailers months to update their terminals to allow transactions of up to £100.
It's the fifth time the limit has gone up from its original level of £10 set in 2007. It was raised to £15 in 2010, to £20 in 2012, and then to £30 in 2015 before being quickly ramped up to £45 last year as the pandemic accelerated a move away from cash.
08:33 AM
Rules relaxed for EU lorry drivers
Lorry driver EU shortage supply chain Brexit - Andia/Universal Images Group via Getty Images
The government has relaxed rules on how many deliveries foreign lorry drivers can make in an attempt to ease the supply chain crisis before Christmas.
Drivers coming in from the EU can currently only make two pick-ups and drop-offs within seven days of arriving in Britain.
Under the new rules, which ministers hope will come into force before Christmas, they'll be able to make unlimited trips during a two-week period.
A surge in demand as pandemic restrictions eased, compounded by drivers leaving the UK after Brexit, have sparked bottlenecks that have roiled supply chains up and down the country.
The lorry driver shortage has caused backlogs at ports. The British Ports Authority warned on Wednesday that the world's biggest container ports will remain clogged up for six to nine months because of the supply chain crisis.
Transport Secretary Grant Shapps told Sky News: "This economy is growing the fastest of all those in the G7 economies, which means that the pressures are of course very real, but people will be able to get things for Christmas."
08:17 AM
Sterling hits three-week high
Sterling is on the rise again, hitting a three-week high against a weaker dollar and on track for its best week since August amid expectations of an interest rates rise.
The pound is up 0.5pc against the dollar at $1.3735. Against the euro, it's up 0.3pc at 84.61pc.
The pound jumped against the dollar on Monday after BoE Governor Andrew Bailey stressed the need to prevent inflation from becoming permanently embedded and fellow policymaker Michael Saunders said households must brace for "significantly earlier" interest rate rises.
But on Thursday, two other policymakers – Catherine Mann and Silvana Tenreyro – made more dovish remarks, pushing back against the idea of raising rates.
Still, strategists at ING said the dovish comments did not significantly impact the market's expectations for a rate rise.
They wrote: "Looking beyond today's price action, we still think sterling may have to give up some of its recent gains as our economist expects the BoE to underdeliver on monetary tightening."
08:07 AM
Hargreaves Lansdown wins £1.3bn of new business
Hargreaves Lansdown said it won £1.3bn of new business in its latest quarter as the investment platform looks to keep up momentum after its stellar pandemic year.
The FTSE 100 company pulled in 23,000 new clients in the three months to the end of September, while assets under administration have risen 2pc since the end of June to £138bn.
However, revenue slipped 1pc to £142.2m as trading begins to return to normal levels.
The company hosted an average of 980,000 deals per month in the same quarter in 2020. This has now slipped to 861,000 per month, but it's still well ahead of pre-Covid levels of 479,000.
Shares pushed up 0.4pc following the update.
07:53 AM
Virgin Galactic brought back to earth as first flight delayed
Virgin Galactic commercial flights delay Sir Richard Branson - Virgin Galactic via AP
There's been a bit of a reality check for Virgin Galactic, which is pushing the start of commercial flights further into next year after rescheduling a test flight.
A programme to upgrade the company’s spaceplane is taking place a month later than anticipated, forcing the delay of a planned research mission with a crew of four and the start of commercial service into the fourth quarter of 2022.
Sir Richard Branson's Virgin Galactic now says it's targeting its first private astronaut flight for “late Q3” next year.
The unexpected delay disappointed investors, with shares plunging 14pc in post-market trading.
07:45 AM
Oil set for best week since 2015
Oil prices are on track for their biggest week of gains since 2015 as the global energy crisis pushes up the market.
The benchmark price rose above $82 a barrel this morning, while Brent crude was close to topping $85 for the first time since 2018.
Crude oil has rallied to the highest level since 2014 as the energy crunch coincided with rebounding demand as major economies open up after the pandemic.
Producer group Opec has opted to stick to its plan for gradually restoring output – even as fuel switching driven by high gas prices puts further strain on the market.
07:32 AM
Strong US jobs market hurts Pearson
Meanwhile, Pearson has now dropped to the bottom of the FTSE 100. Despite an upbeat outlook on its new Pearson+ service, it seems investors are focusing on a hit to the company's US revenue.
The publisher said its higher education unit had taken a 7pc hit as a strong US jobs market tempted potential students away from further study and into the workforce.
While it booked growth in the UK and Canada, this was more than offset by a 9pc drop in the US in the first nine months of the year.
Pearson said: "While no market data for the full back to school period is available as yet, Pearson's internal analysis indicates a decline in enrolments, particularly in community colleges, following a surge in Covid-19 infections in the key back to school period, and a strengthening of the US labour market."
07:27 AM
Rio Tinto slides on production downgrade
Rio Tinto is the biggest faller on the otherwise upbeat FTSE 100 this morning, falling as much as 1.3pc in early trading.
It comes after the mining giant downgraded production forecasts for key commodities including iron ore and copper as it grapples with a range of challenges across its sites.
Worker shortages, Covid restrictions and supply chain disruption have all hurt output, while reliability issues and a shutdown overrun at one of its mines compounded problems.
Chief executive Jakob Stausholm said: “It has been another difficult quarter operationally and despite improving versus the prior quarter, we recognize the opportunity to raise our performance.”
07:08 AM
Pearson hails ‘promising start’ for Netflix-style streaming service
Education giant Pearson has hailed a “promising start” for its new Netflix-style app as it reiterated guidance in its crucial back-to-school quarter.
In July chief executive Andy Bird launched Pearson+, a direct-to-consumer service aimed at harnessing the streaming model and recapturing sales lost to the second-hand book market.
The company said it’s had 2m registrations so far, which it described as a “promising start”.
The academic publisher said it sold more digital products to the millions of students returning to colleges as it looks to shift reliance away from its traditional textbook offering.
Pearson said group revenue was up 10pc in the first nine months of the year and held its guidance for full-year adjusted operating profit of around £377m.
07:03 AM
FTSE 100 opens at 18-month high
The FTSE 100 has opened at an 18-month high this morning after posting its best daily close since August on Thursday.
The blue-chip index rose 0.3pc as markets opened to 7,232 points. That's its highest level since the end of February 2020, just before the outbreak of Covid-19 sent markets crashing.
06:49 AM
European car sales crash to 26-year low
Car sales Europe semiconductor shortage - Ronny Hartmann / AFP
New car sales in Europe have slumped to their lowest level since September 1995 amid a global shortage of semiconductors.
Car sales in the bloc had rebounded in September 2020 as countries emerged from pandemic lockdowns. But new car registrations fell by 23.1pc to 718,598 in September 2021 compared to a year ago, according to the European Automobile Manufacturers' Association (ACEA).
The ACEA blamed the fall on the chip shortage, which has hammered supply in the automotive sector and forced several major brands to shutter factories.
Sales sank by a quarter in Germany, which is Europe's largest economy and a major car manufacturing powerhouse. They dropped by almost a third in Italy, 20.5pc in France and 15.7pc in Spain.
06:40 AM
Fire-damaged cable knocked out until 2023
Good morning.
A crucial cable bringing electricity from France to Britain won't be fully operational again until October 2023, putting further strain on the UK's energy sector.
The 2,000 megawatt cable, known as IFA-1, will restart at half capacity later this month, but the other half will not begin to return until October 2022 – seven months later than originally predicted.
The fire at a converter station in Kent meant that 1,000 megawatts was set to be unavailable this winter. The cable operator will make a total of 1,500 megawatts available for next winter before reducing capacity to 1,000 megawatts during the summer ahead of a full return in October 2023.
The National Grid said that there will be “sufficient levels” of generation and interconnector imports throughout winter. Higher power prices in the UK should mean imports of electricity from continental Europe at peak times, it said in its winter outlook report.
Social network to cease service in country, with Microsoft blaming Beijing's censorship demands.
What happened overnight
Asian shares advanced on Friday, warmed by the embers of a strong day on Wall Street which also supported risk-friendly currencies and hurt the safe-haven yen, though worries about the Chinese economy capped gains.
Oil prices were also back testing new multi-year highs, a drag on growth in energy-importing markets in north Asia, but good news for energy-exporting markets in Southeast Asia.
MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.6%, and Japan's Nikkei rose 1.08%
Chinese blue chips dropped soon after the bell, but were last flat, while Hong Kong shares returned from a one-day break to open higher. The Hang Seng Index climbed 0.90 percent, or 224.46 points, to 25,187.05.
The Shanghai Composite Index edged down 0.18 percent, or 6.29 points, to 3,551.99, while the Shenzhen Composite Index on China's second exchange dipped 0.35 percent, or 8.50 points, to 2,390.76
Coming up today
Interim results
Mediclinic
Trading update
Rio Tinto, Pearson, Hargreaves Lansdown, Jupiter Fund Management, Schroders
Our final 2024 mock draft projects four quarterbacks in the first five picks, but the Cardinals at No. 4 might represent the key pivot point of the entire board.
Dan Wetzel, Ross Dellenger & SI’s Pat Forde react to the huge performance this weekend by Texas QB Arch Manning, Michigan and Notre Dame's spring games, Jaden Rashada entering the transfer portal, and more
Ford offers the new Mustang's updated 5.0-liter Coyote V8 as a crate engine, and it also sells a supercharger kit that unlocks a total of 810 horsepower.
Arch Manning gave Texas football fans an enticing look at the future, throwing for 355 yards and three touchdowns in the Longhorns' Orange-White spring game.
Vincent Goodwill and Amin Elhassan react to (just about) every Round 1 game of the NBA Playoffs after the first games have been played over the weekend.
