FTSE LIVE: Shares jump higher after rare delay to exchange open; British Steel in deal talks with Turkish army pension fund; Ted Baker terminates kids clothing deal with Debenhams
- Ted Baker has ended its deal to create and sell kids clothes with Debenhams
- FTSE 100 did not open at 8am as usual today, due to an ‘exchange issue’
- On Thursday – the footsie’s oil, mining and banking stocks suffered sharp falls
The FTSE failed to launch at 8am on Friday as the London Stock Exchange encountered a ‘potential Trading Services issue’. When trading got underway at 9.40am, the index, which hit a 6-month low on Thursday, clawed back some of its losses.
There should be a semblance of calm across fractious global markets today after China implied it would work to boost its economy and gave recession-fearing traders a glimmer of hope.
In one of her first big moves as chief executive, Ted Baker boss Lindsay Page has ended a partnership with Debenhams to make a sell children’s clothes and accessories. The troubled brand has opted to work with Next for five years instead, starting next Spring.
A semblance of calm is set to return to the fractious markets today on this rainy Friday