Netflix Stock – Inflation in focus as football fans breathe sigh of relief over European Super League demise
The Market Report with Katie Pilbeam. FTSE 100 recovered some poise after its hiccough yesterday as investors pondered inflation numbers and the demise of the blink and you missed it European Super League. After Monday’s 140-point fall, the blue-chip index was up 46 at 6,906.
Prices in Britain rose by 0.7% in the 12 months to March as lower food costs offset rising petrol. The rise inflation compared to a 0.4% increase in February but was below most forecasts beforehand.
Inc () shares crashed 11% overnight with the streaming giant reporting a sharp slowdown in subscriber numbers as lockdown fatigue kicked in. Some 3.98mln signed up in its first quarter against forecasts of 6mln.
() said total iron ore production grew 4% to 188 million tonnes (Mt) in the nine months to end March 2021, helped by record iron output from Western Australia. Coal production this year will be lower than forecast, however, due to bad weather.
Among the small caps, () received a five-year extension for the Gedabek area in Azerbaijan. The miner expects to increase copper production in the permit.
() has received approval in China for a new version of a ventilator for babies. Its local distributor immediately placed an order worth £250,000.
’s () subsidiary PhytoVista Laboratories is now an official accredited facility by UK standards. The labs work for CBD oil and hemp producers and distributors.