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FTSE flat as investors await Fed update, The Hut struts higher, Redrow reports 66% profit slump featured picture

FTSE flat as investors await Fed update, The Hut struts higher, Redrow reports 66% profit slump

UK stocks tracked sideways in early trading on Wednesday as investors awaited an update from the Federal Reserve about the outlook for the US economy. At 8.39, the FTSE 100 was ever so slightly lower, off 0.15% at 6,096.30 points. E-commerce company The Hut (THG), the Manchester-based owner of the Lookfantastic website, surged 27% higher to 635p, having priced its IPO at 500p, as conditional ...
Octopus Renewables Infrastructure Trust posts positive maiden returns, pursues £3.8 billion pipeline featured picture

Octopus Renewables Infrastructure Trust posts positive maiden returns, pursues £3.8 billion pipeline

Wind and solar assets investor Octopus Renewables Infrastructure Trust (ORIT) reported a ‘very strong’ total shareholder return for the seven and a half months since its incorporation in mid-October, even after the pandemic-induced economic slump drove a material fall in power prices. Furthermore, ORIT insisted it is pursuing a renewable energy assets pipeline of ‘around £3.8 ...
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