UK seeks to restart CO2 production; inflation expectations jump; Entain shares surge on takeover approach – as it happened
by Graeme Wearden from on (#5PSKQ)
Rolling coverage of the latest economic and financial news
- Latest: UK ministers near deal on CO2 production to ease food supply fears
- CNBC: DraftKings makes $20bn offer for Ladbrokes-owner Entain
- Sky News: government has reached agreement with CF Industries to restart CO2 production
- UK factory orders at record but output growth slows
- OECD lifts inflation forecasts amid commodity surge
- Introduction: Food industry warns government has 10 days before consumer see shortages
- Explainer: What caused the UK's energy crisis?
In Europe's financial markets, shares have bounced back from their worst day in two months.
The Europe-wide Stoxx 600 index has gained 0.9%, while the UK's FTSE 100 of blue-chip shares is up 60 points (0.9%) at 6,963 points.
The miners, scarred by heavy selling on Monday, eked out a recovery while British Airways owner International Consolidated Airlines continued the ascent which begin yesterday afternoon when the US lifted travel restrictions on fully vaccinated UK and EU visitors.
The major catalyst for market volatility of late, fears about the fall-out from a potential collapse of Chinese property developer Evergrande, haven't disappeared though.
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