FTSE 100 edged higher as France and the UK said they were near to ending the freight ban which has led to hundreds of lorries queuing outside Dover. London’s blue-chip index added 13 to 6,429 in spite of rising concerns over the new strain of COVID-19.
Mixed news for the UK economy today with government borrowing in November jumping to £31.6bn, the highest ever for this particular month. Borrowing this year has now reached £241bn.
The UK economy bounced back strongly in the three months to September with GDP rising by a record 16%. That was better than expected but still less than the 18.5% drop in the second quarter.
Vodafone has offered to pay over €2bn to settle a long-running dispute with minority shareholders of Kabel Deutschland. Elliot Advisors and two other hedge funds have agreed to the offer in returning for dropping legal action.
Supply@ME Capital PLC (LON:SYME) has named Italian private equity group Quadrivio as the partner in its first inventory project. Quadrivio will become a cornerstone investor in Supply@Me's wider inventory funding programmes.