8.15am: FTSE 100 shoots higher
The FTSE 100 has leapt higher in early trades, rising 116 points to 7,818.7.
Top risers are Rolls-Royce Group and BA owner IAG, up 4% and 3.3% respectively.
Tech investors Scottish Mortgage Investment Trust and Polar Capital Technology Trust are also up around 3%.
Oil heavyweight BP and defence contractor Babcock International are in the mix too.
7.51am: US tariffs effect on companies
Belluscura PLC (AIM:BELL), which makes portable oxygen concentrators for people who struggle to breathe, has withdrawn its financial guidance for the current year due to the new US tariffs on China.
It said a “significant proportion” of its portable oxygen concentrators, raw materials and component parts are currently manufactured in China, where the US tariffs would be up to 54%.
The Anglo-US company said it expects it will say more “once it has been able to better assess the situation,…
