London’s FTSE 100 index moved higher today as markets show signs of calming after the recent banking turbulence.
In today’s corporate results, B&Q and Screwfix owner Kingfisher stuck by City forecasts for the year ahead after reporting a 20% fall in adjusted profits to £758 million for 2022/23.
Meanwhile, substantial spending on energy support schemes meant public sector net borrowing for last month was £16.7 billion — some £9.7 billion more than a year ago and the highest February borrowing since monthly records began in 1993.
