Morning Report: FTSE 100 rallies as Primark prepares to reopen its stores in England

Headlines from the Proactive UK newsroom.

The FTSE 100 rallied as tensions over Hong Kong between China and the US eased, though President Trump is still facing major issues from racial problems at home. The blue chip-index rose 43 to 6,120.

Associated British Foods PLC(LON:ABF) is to reopen all Primark stores in England on June 15 with heightened safety measures. The clothing store said it has £600mln more stock than normal at present.

Capital & Counties Properties PLC (LON:CAPC) has agreed to buy a 26.3% stake in London’s Carnaby Street owner Shaftesbury PLC (LON:SHB) from Hong Kong billionaire Samuel Tak Lee. Capco acquired the shares in two tranches totalling £436mln.

Mining junior Strategic Minerals PLC (LON:SML) has been awarded US$21.9mln in damages and costs, exclusive of additional interest. The decision of the arbitrator relates to a dispute centred around the company’s Cobre iron ore tailings operation.

AFC Energy (LON:AFC) is to trial its H-Power fuel cell platform at one of the construction sites of Acciona, a leading Spanish construction group. The trial is part of a push to decarbonise its sites.

Feedback has received a European CE Mark for Bleepa, its system that sends medical grade X-rays and CT scans over mobile phones. Feedback believes Bleepa is the only communication platform to address the UK market that has met MD Directive certification requirements.

Zoetic has signed a new distribution agreement for its CBD tobacco alternative brand Chill. BettermentRS will market Chill products to their network of outlets.

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