Morning Report: FTSE 100 falls on fears of second wave of global coronavirus casualties

Headlines from the Proactive UK newsroom.

The FTSE 100 slipped lower this morning on fears of a second wave of global coronavirus casualties though there was some relief from the housing sector.

Taylor Wimpey is to reopen sales centres and show homes gradually from May the 22nd following updated UK government guidance on coronavirus. The housebuilder says perspex screens will be installed with show home viewings limited to one family at a time.

Purplebricks (LON:PURP) meanwhile surged 21% to 41p as new guidelines designed to restart the housing market came into force. From today, estate agents can open, viewings can be carried out and removal firms and conveyancers can restart operations.

Britain’s economy shrank by 2% in the first quarter of 2020 as the coronavirus lockdown started to take a toll. It is the worst quarter since the financial crash.

Travel firm Tui is to axe up to 8,000 jobs and cut costs by 30% to tackle the slump in travel caused by the coronavirus crisis. It says holiday refunds might cost up to €500mln a month.

Gaming Realms PLC (LON:GMR) has signed a licensing agreement with US toy giant Hasbro (NASDAQ:HAS) for its Slingo brand. Hasbro will license the online casino game in new and existing territories.

Anglo Asian Mining PLC(LON:AAZ) reported record revenues in 2019 and maintained its production forecasts for 2020 despite the coronavirus pandemic. The Azerbaijan-focused miner increased annual profits by 19% to US$30.1mln.

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