Two killed by missile in Poland
Two people have been killed by a missile landing in Poland. Investigations are ongoing and we have no confirmation of who fired the missile, but clearly an attack on a NATO member risks an escalation. Equities futures fell overnight, but have since recovered some losses.
Oil rises after drone explosion
An exploding drone has hit an oil tanker off the coast of Oman and sent Brent Crude and WTI prices higher as a result. BP and Shell shares were both up over 1%. It is not yet clear who was behind the drone, or whether it was an intentional attack.
UK inflation hits 11.1%
UK inflation hit the highest level since 1981 last month with prices rising 11.1%. The pressure on UK households was felt in the FTSE 100’s consumer facing stocks with Next, Kingfisher and JD Sports all falling on the day.
Pound steady ahead of Autumn Statement
Jeremy Hunt is poised to deliver his Autumn Statement tomorrow and rumour are swirling of the specific announcements. However, not matter the individual policies, the overarching theme will be higher taxes and lower spending – the polar opposite of September’s doomed mini-budget.
Sage shares top FTSE 100
Sage was the FTSE 100’s top riser in early trade on Wednesday after their Sage Business Cloud helped drive a 9% increase in organic revenue growth. Sage shares were 5% higher at the time of writing.