Good morning from London and welcome to a brand new week – we’re starting things off with a nice ray of sunshine today – the Manufacturer’s organisation Make UK has put a report out today saying that “UK manufacturing is experiencing a significant shift towards a brighter future” because of the effective action being taken by the government to support the sector.
Less pleasingly the FTSE 100 is down to three-week lows. There aren’t really any major winners or losers so far, and Susannah Streeter, head of money and markets at Hargreaves Lansdown says “wariness has returned at the start of the week, as investors assess the risks of geo-political conflict, amid fresh signs of global economic slowdown and uncertainty about the trajectory of inflation.”
Turning to the small caps now and Helium One Global are back drilling in Tanzania after a rough end to 2023, Adriatic Metals have appointed a new Chief Sustainability Officer to support their work in the Balkans, and Argo Blockchain shares are down after a £7.8mln fundraise that they say will be put toward working capital, the repayment of debt and for general corporate purposes. Plenty to look forward to today so stay tuned, and have a great week
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