logo-loader

Morning Report: FTSE 100 starts in the black after decent day on Wall Street

Headlines from the Proactive UK newsroom. The FTSE 100 is set to start in the black following a decent day on Wall Street where the Dow Jones rose by 3.4%. The London index is forecast to rise by 50 points to around 5,710.

Disney's video streaming service has seen subscriber numbers double since February as people are kept at home during the coronavirus crisis. Disney Plus was only launched five months ago but now has more than 50mln subscribers.

Spirits giant Diageo has suspended its £4.5bn share buyback programme but will pay its interim dividend today as planned. The Johnnie Walker and Smirnoff group has been hit hard by the widespread closure of pubs and restaurants .

Redrow is to get a £300mln loan from the UK government’s Covid Corporate Financing Facility. The housebuilder has furloughed 80% of its staff and asked lenders for a further £100mln through its debt facility.

Tiziana Life Sciences (LON:TILS) has identified a potential new treatment for coronavirus infections comprising the direct delivery of anti-IL-6 receptor monoclonal antibodies into the lungs using a handheld inhaler or nebulizer. The company has submitted a provisional patent application for the delivery technology.

Silence Therapeutics (LON:SLN), meanwhile, has repurposed equipment in its Berlin site to produce critical reagents for COVID-19 PCR diagnostic test kits,. The work is on a cost only basis and will enable them to significantly increase capacity to produce test kits at short notice with any funds generated to be donated to the fight against coronavirus.

Payments and call centre group Eckoh (LON:ECK) saw another record year in the twelve months to March. The group added it is well placed to deal with any coronavirus disruption as 79% of revenue is recurring and it has a blue-chip customer base.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Tiziana Life Sciences PLC named herein, including the promotion by the Company of Tiziana Life Sciences PLC in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

CentralNic boss says first half revenue has already beaten full 2019 numbers

CentralNic Group PLC (LON:CNIC) CEO Ben Crawford is thrilled with first half revenue for 2020 – enjoying their best ever trading period. The company’s first-half revenues of more than US$110mln were up from US$49.7mln in the same period of 2019. Its earnings were more than US$15mln compared with...

15 hours, 56 minutes ago

2 min read