The FTSE 100 index rebounded after Monday’s turbulence, with another big rise for airline giant IAG and a strong session for Royal Dutch Shell helping to offset the contagion fears triggered by the plight of debt-laden Chinese property firm Evergrande.
There’s also more merger and acquisition activity after National Express and Stagecoach confirmed talks over a potential tie-up, while interim results from B&Q owner Kingfisher have included plans for a £300 million buyback and higher dividend. A surprise bid for Entain from US fantasy sports group DraftKings provided some afternoon excitement.
