FTSE 100 LIVE: FTSE takes off ahead of Brexit negotiations as no deal looms | City and business | Finance


The FTSE climbed 0.6%, thanks to a 5.7% jump in London-registered games of Simply Eat Takeaway.com NV JETJ.L as the food-seeking company detailed a rebound of 46 % in its requests in the second quarter of the last quarter. Midcap FTSE 250 .FTMC also rose 0.6%, with polymer creator Synthomer Plc SYNTS.L flooding 21.9% after reporting an interval profit and raising its outlook on 2020 EBITDA .

“The market is estimated to be around 40 percent for a no-deal and 60 percent for a deal and today could be the day,” said Sébastien Galy, senior large-scale tactician at Nordea Resource The executives in Luxembourg .“You almost don’t expect anything to be accomplished and the point is whether Boris Johnson is happy to offer this to his rally as a triumph.

Today’s crucial EU leaders’ summit will take place after Boris Johnson “Expressed disappointment” on the progress of Brexi negotiations of trade agreements during an appeal with ME leaders.

Addressing European Commission President Ursula von der Leyen and European Council President Charles Michel, the Prime Minister said he would reflect on the results of this week’s EU summit before defining the UK’s next steps .


7.45am update: Ryanair cuts main routes

Ryanair is due to cut more than one in three routes this winter due to low demand due to coronavirus travel restrictions across Europe.

The low-cost airline has announced that it will only maintain 65% of its route network between November and March.

It will close its bases in Cork and Shannon, both in Ireland, and Toulouse in France during the five-month period.

The routes that survive will be served with a lower frequency of flights than normal.

More soon…


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