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FTSE 100 recovers, buoyed by equity rallies in Asia and US closer to approving national debt ceiling

FTSE 100 recovered some of yesterday’s losses with sentiment buoyed by equity rallies in Asia and American politicians moving closer to approving a new, temporary, national debt ceiling. London’s leading index advanced 64 points to 7,060 in early trading.

Royal Dutch Shell Plc () lost US$400mln from the impact of Hurricane Ida on its US operations last month. The cash flow outlook remains volatile due to the current gas and electricity price environment.

British Airways, owned by IAG (), wants to rehire 3,000 cabin crew after cutting 10,000 jobs last year. ()’s (LSE:WBT) Premier Inn is also looking for 2,000 new hotel staff and Morrisons () is hiring 3,000 temporary workers for the festive season.

() () will have 90% of its US-based fleet operational by February, with the goal of all its US ships being operational in the spring. However, the cruise operator cancelled two trips in Australia in February. 

() () has invested in a decentralised social network platform, participating in a pre-seed funding round for Big Whale Labs. The Aquis Exchange listed firm invested C$100,000 of a total US$655,000 funding round led by venture capital firm Slow Ventures.

() () has signed a binding collaboration deal with a subsidiary of Hydrogen Utopia International (HUI) to market to former’s ground-breaking waste plastics-to-hydrogen technology outside the UK.

() () has  teamed up with testing and support specialist, Eurofins Genomics, to complete next-generation RNA sequencing of RSV disease progression samples from human viral challenge studies.

Read More: FTSE 100 recovers, buoyed by equity rallies in Asia and US closer to approving national debt ceiling

2021-10-07 04:16:00

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