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Global stock markets head for best year since 2019; Octopus Energy to spin out $8.65bn Kraken – business live

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Rolling coverage of the latest economic and financial news

London’s stock maket has opened a little higher, although the City has yet to see much sign of the traditional “Santa rally”.

The FTSE 100 share index is up 10 points, or 0.1%, at 9876 points, moving a little closer to the record high of 9,930 set in mid-November.

“Kraken is in a class of its own, in terms of technology, capability, and scale. As an independent company with world-class backers and outstanding leadership, it will be free to grow even faster and is set to be a true UK-founded success story.

“Having incubated Kraken, Octopus is a powerhouse of innovation and technology, and will now have even more horsepower to deliver the transformation of energy globally. With over 10 thousand staff, 11 million customers, $10bn of generation under management, and businesses from EV leasing to heat pump design and manufacture, Octopus is set for even greater things over the coming years.

Continue reading…Rolling coverage of the latest economic and financial newsLondon’s stock maket has opened a little higher, although the City has yet to see much sign of the traditional “Santa rally”.The FTSE 100 share index is up 10 points, or 0.1%, at 9876 points, moving a little closer to the record high of 9,930 set in mid-November.“Kraken is in a class of its own, in terms of technology, capability, and scale. As an independent company with world-class backers and outstanding leadership, it will be free to grow even faster and is set to be a true UK-founded success story.
“Having incubated Kraken, Octopus is a powerhouse of innovation and technology, and will now have even more horsepower to deliver the transformation of energy globally. With over 10 thousand staff, 11 million customers, $10bn of generation under management, and businesses from EV leasing to heat pump design and manufacture, Octopus is set for even greater things over the coming years. Continue reading…