FTSE 100 opened strongly as Royal Mail continues recovery despite Covid concerns in Europe

FTSE100 opened strongly as Royal Mail continued its recovery and other index stalwarts such as BT also did well. London’s blue chip index rose up 26 at 7,249.

All new homes and buildings will be required to have electric vehicle charging points from next year under new proposals to be unveiled by the government today. The move will see up to 145,000 charging points installed across England each year.

Frontier Developments shares plummeted as the video game developer cut its revenue guidance for the current year.  Sales of the PC version of its Jurassic World Evolution 2 game have fallen well short of expectations.

Some 80% of UK independent retailers will shut their websites and donate profits to charity in a campaign against Black Friday this week. Trees will also be planted in a protest at the deals offered by the giant online retailers.

Among the small caps, Zephyr Energy has signed a binding agreement to acquire a package of assets in North Dakota, The company is paying US$36mln for well’s currently producing close to 900 barrels of oil daily.

Altus Strategies has entered into a sale and purchase agreement for Aterian Resources. Aterian is advancing a portfolio of 15 primarily copper and silver exploration projects in Morocco.

Yooma Wellness said ASDA has started stocking products supplied by recently-acquired UK business Vitality CBD. The Leeds-based retailer will take 17 different Vitality lines in its vitamin aisles and in-store pharmacies.