Morning Report: FTSE 100 gets boost as firms announce re-start plans

Headlines from the Proactive UK newsroom.

The FTSE100 rose 20 points to 5,960 on hopes for a quick economic recovery after several firms announced business re-start plans.

Ryanair (LON:RYA) will resume 40% of its scheduled flights from 1 July if EU countries allow. Social distancing will be encouraged “where possible,” with passengers wearing masks.

B&Q and Screwfix owner Kingfisher has reported a recovery in sales. All stores in the UK and France are now either open or operating a click and collect service. Revenues rose by 2.7% in the first week of May on a like-for-like basis.

Vodafone Group PLC (LON:VOD) kept its dividend unchanged as revenue growth improved in the fourth quarter. The FTSE 100 telecoms group reported 45 billion euros of revenue for the year to 31 March, up 3% on the previous year.

Oncimmune(LON:ONC) has signed an agreement with an unnamed “leading US biopharmaceutical company” to develop new immunotherapies. The UK group will support its new partner with antigen targeting using its biomarker discovery engine, SeroTag.

Galantas Gold (LON:GAL)(CVE:GAL) shares are up today after it reached an agreement with the Police Service of Northern Ireland regarding blasting at its gold mine near Omagh in Northern Ireland. It plans to re-start milling at the mine within ten days.

Add related topics to MyProactive

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


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...


Great Western Mining Corp goal 'to produce gold and silver by year end'

Great Western Mining Corp's (LON:GWMO) Brian Hall talks to Proactive London about their now concentrated gold and silver mining projects in Nevada. Hall talks about their near term goals of producing gold and silver by the end of this year before they begin a 'longer term project for...

8 hours, 44 minutes ago

2 min read