FTSE 100 opened in the red amid further lockdowns across Europe and fading hopes of a stimulus package before the US election.
London’s main index slipped 29 points to 5,859 in early trading. UK inflation jumped to 0.5% in September from 0.2% in August. A rise in prices in cafes and restaurants was blamed after the Eat Out to Help Out scheme was phased out.
Netflix Inc (NASDAQ:NFLX) missed forecasts after reporting its weakest subscriber growth in four years. Summer trading suffered from increased competition from other streaming services and the return of live sports on television.
Oncimmune (LON:ONC) has welcomed the publication of abstracts from two clinical studies that provide “independent validation” of the company’s EarlyCDT Lung blood test. The data were presented in detail at the recent American College of Chest Physicians annual meeting.
Guild Esports PLC (LON:GILD) has unveiled its latest signing - a top-tier squad competing in Valorant, a shooter game launched by Riot Games in June. The team have moved from Sweden’s successful ‘Team Bonk’.