Business news live: The companies looking to buy Costa Coffee and FTSE 100 reacts to Nvidia’s share price fall – UK Times

Royal Mail has announced it will be the first international postal operator to launch new services so people can continue sending goods to the United States ahead of new customs requirements coming into effect on Friday.

From today, Royal Mail customers can use the company’s new postal delivery duties paid (PDDP) services.

The move follows a US executive order last month which said that goods valued at 800 dollars or less will no longer be exempt from import duties and taxes from August 29.

The FTSE 100 fell yesterday as an afternoon slump left it around 0.1 per cent down for the day – and it’s up by less than that at the start of trading, about 0.06 per cent in the green.

There are no massive names reporting today but a few such as the Macfarlane Group and PPHE Hotel Group – which owns brands like Park Plaza, Radisson Collection and others – are some of the smaller or FTSE 250 firms set for reporting.

Good morning all, we’ll get rolling today with FTSE 100 news and looking at Nvidia’s results from last night, then we’ve got a roundup of the bidding battle for Costa Coffee – a UK high street staple.