The Market Report with Katie Pilbeam. FTSE 100 made a good start as investors looked towards the weekend and retail sales recovered a little. London’s blue-chip index was 41 higher at 6,716.
Retail sales rose 2.1% in February said the Office for National Statistics (ONS) as food and other essential stores continued to do well. Sales are down by 3.7% compared to a year ago.
Almost US$10bn of trade a day is being held up by the world ‘s biggest traffic jam in the Suez Canal. The stranded Ever Given container ship could take weeks to free according to experts.
Burberry PLC () has been scrubbed from a popular Chinese video game and seen one of its brand ambassadors resign following Western allegations about human rights abuses by China. Nike, adidas and H&M have also been on the receiving end of the backlash.
Among the small caps, ()() is partnering with DMG Blockchain Solutions to launch the first Bitcoin mining pool powered exclusively by clean sources. The cryptocurrency has recently emerged as a massive polluter for the amount of energy required for mining.
Videogame advertiser Bidstack Group PLC () posted a 12-fold jump in full-year revenue that topped market expectations. Sales in 2021 should be even higher as its technology becomes more popular among tech companies.
() has completed soil sampling at the Bassala project in Mali and the next phase of work will start this week. The initial analysis confirmed significant gold mineralisation.