Petrol price jumps to new record high as cost of living crisis escalates | #cybersecurity | #cyberattack

3) Clarks accuses striking factory staff of hurling homophobic abuse Picketers scattered nails across the road to be run over by traffic outside Clarks’ factory in Somerset and a striker shouted “take that gay boy” at a member of staff heading into the building, the 196-year-old shoemaker claimed amid an increasingly bitter dispute over pay.

4) Electric car battery bet claims head of FTSE 100 company The engineering firm Johnson Matthey said its chief executive, Robert MacLeod, would leave after eight years at the helm, and also warned on profits, sending its shares crashing by almost a fifth.

5) Gove crushes plans for 1,000ft Tulip tower in City of London A letter to the Tulip’s developers, DP9, said Michael Gove agreed with the Planning Inspector that the Tulip’s proposed height and location would be a “poor and unsympathetic response to the historical context”. 

What happened overnight

Asian share prices advanced on Friday as a shock from a surprisingly strong US inflation reading ebbed, with investors now hopeful that the worst price hikes could be soon over.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.7pc to reach its highest level in two weeks while Japan’s Nikkei gained 1.1pc, helped by brisk earnings.

US stock futures were up about 0.3pc after a mixed session on Thursday when the S&P 500 ended 0.06pc higher while tech-heavy Nasdaq rose 0.52pc.

The world’s stock prices posted their biggest fall in over a month on Wednesday following a surprisingly strong reading on US inflation.

The US consumer price index rose 6.2pc year-on-year in October, the strongest advance since November 1990.

Coming up today

Corporate: AstraZeneca, Redrow (trading updates)

Economics: Industrial production (EU); consumer sentiment (US)

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