London shares are experiencing a steadier session after US mega-cap stocks were the target of more heavy selling last night.
Tesla and Amazon slid 9% and 5% respectively as the S&P 500 closed below 4000 for its lowest level in more than a year. The price of Brent crude also declined sharply, while the safe haven of the US dollar rallied.
In today’s session, shares in British Gas owner Centrica jumped 5% as it said full-year earnings are towards the top end of City forecasts due to a surge in trading acitivty and higher production volumes in gas and nuclear.
