Morning Report: FTSE 100 rises as travel and holiday stocks continue recovery

Headlines from the Proactive UK newsroom.

The FTSE100 rose 64 points to 6,132 as travel and holiday stocks continued to recover. Tui and Carnival lead the blue-chip index higher.

Ocado Group PLC (LON:OCDO) and Tesco PLC (LON:TSCO) have seen the best of growth in grocery sales during the coronavirus crisis. The numbers were the strongest in a quarter of a century with spending from the end of February to 17 May up 14.3%, according to new research.

Hammerson’s embattled chief executive David Atkins has decided to step down after a bruising year for the shopping centre giant. He will stay on potentially at the Brent Cross and Bullring owner until spring 2021 while a successor is found.

British Land, meanwhile, posted a £1.1bn loss after a £1.4bn write-down on the value of its portfolio and joint ventures. The value of the retail portfolio fell by 26%.

Iofina PLC(LON:IOF) made a profit in 2019 after record iodine production for a second year running. The company added it remains confident that a solution will be found for its debt ahead of the end June repayment date.

Kromek Group PLC(LON:KMK) has been awarded an extension to its contract with the US Defense Advanced Research Projects Agency (DARPA) to detect and identify pathogens in an urban environment. It will be awarded up to US$5.2mln to work more on its system which is capable of detecting airborne pathogens.

ECSC Group PLC(LON:ECSC) shares moved higher as the software group announced the launch of its new Nebula Cloud cybersecurity breach detection service. Nebula Cloud uses artificial intelligence to warn of potential cybersecurity breaches.

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