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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
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FTSE 100 continues to climb higher - Market Report

FTSE 100 continues to climb higher - Market Report

A very warm welcome to you from London, where the FTSE 100 continues its upward trajectory this morning.

The ONS has reported a marginal 0.1% rise in UK unemployment in the three months to February.

In equities, easyJet shares are up after announcing it may well outdo profit guidance of £260mln this year as strong booking figures continue into the summer.

GSK has announced its acquired late-stage biopharma firm Bellus Health (TSX:BLU) for around £1.6bn, in a bid to strengthen its respiratory drug pipeline.

Moneysupermarket shares are also trading higher on news that its revenue rose 15% year-on-year to around £106mln during the three months to March as its travel and insurance wings saw strong recoveries.

Ernst & Young is poised to cut 3,000 jobs in the US to tackle overcapacity, affecting some 5% of its workforce and mainly hitting its consultancy wing.

And in small caps, AI medical firm Spectral MD rose 3.5% after being awarded a US$4mln grant in the US.

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