FTSE 100 made good ground as oil groups rose after the EU banned shipments of Russian oil
Published: 04:42 31 May 2022 EDT
FTSE 100 made good ground early on as oil groups rose after the EU banned shipments of Russian oil. The blue-chip index was up 31 at 7,631 an hour after markets opened.
Travel chaos at airports has continued well into half term as more flights were cancelled today due to short staff numbers. One minister said the industry had months to prepare and blamed the “opinionated” airline bosses for the cancellations.
The government, meanwhile. has scrapped a contract with P&O Ferries on its unlawful sacking of nearly 800 workers in March. The company’s contract with UK Border Force will end with immediate effect.
Primark’s finance director John Bason said he regrets its decision to hike prices from this coming autumn and warned it might mean people spend less. The High Streets is already feeling feel the heat of the cost of living crisis, with shoppers down 20% last week compared to pre-pandemic.
Greatland Gold has commenced its 2022 exploration programme under the Juri joint venture with partner Newcrest in the Paterson province of Western Australia. Drilling will take place on three high-priority targets across the Paterson Range East and Black Hills licences.
Cloudbreak Discovery has agreed to provide a portion of the acquisition financing for the Masten Unit Energy Project, located in Cochran County, Texas. The agreement will see Cloudbreak provide G2 Energy Corp with a US$2mln debenture on a two-year term in exchange for a 3.25% overriding royalty interest.
