What happened yesterday?
London stocks closed higher on Tuesday, with the FTSE 100 ending the session up 0.36% at 7,172.48, while the FTSE 250 was 0.5% weaker at 22,631.72. Sterling entered into negative territory, last trading 0.18% weaker against the dollar at $1.4087, and losing 0.23% on the euro to €1.1616.
Across the Atlantic, the Dow Jones Industrial Average lost 0.19%, to 34,326.96, the S&P 500 fell 0.15%, to 4,248.64 and the Nasdaq Composite dropped 0.72%, to 14,071.50.
In company news:
General Motors Co has announced plans to increase its global spending on electric and autonomous vehicles to $35 billion through 2025, a 30% advance on its previous forecast.
Swedish firm Ikea has been fined €1.1m by a French court for “receiving personal data by fraudulent means” in order to identify potential trouble-makers among its employees.
Fashion retailer Boohoo has reported a 32% growth in sales in the three months to May, amid the online shopping boom during the pandemic.