The FTSE 100 opened flat with some traders probably nursing sore heads after England’s last minute winner in the Euro semi-final.
In early exchanges, the Footsie was up 2 at 8,196.
Water companies were early risers as markets decided the price rises allowed by Ofwat for the next five years looked reasonable. United Utilities and Severn Trent were the best of the gainers.
What Ofwat’s decision means for struggling London supplier Thames is not clear as it can only raise prices at half the level it wanted.
There was more good news for Keir Starmer as Britain’s economy grew better than expected in May.
Month on month, gross domestic product grew by 0.4%, an upside surprise following a zero-growth period in April, and by 0.9% over the past three months.
Dr Martens also perked up after the iconic boot maker said trading had steadied in the first quarter, though it said this is seasonally its weakest.
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