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Morning Report: FTSE 100 edges lower as second wave concerns resurface

Headlines from the Proactive UK newsroom.

The FTSE 100 eased lower as worries over a second wave of coronavirus infections in China and the US resurfaced again. The blue-chip index dropped 22 to 6,230.

Tesco has sold its loss-making operations in Poland for £161mln after attempts to turn the operations around faltered. The supermarket will focus in central Europe on the Czech Republic, Hungary and Slovakia.

Taylor Wimpey has raised £522mln from a placing to buy land at prices reduced due to coronavirus disruption. Demand for houses has been strong since its sales offices reopened.

Building society Nationwide has tripled the minimum deposit for first-time buyers looking for a mortgage. The ceiling for mortgages to new customers is also being lowered with the coronavirus crisis being blamed.

Corero Network Security (LON:CNS) has announced five new customer wins for its SmartWall DDoS protection products. The contracts are worth more than US$1.5mln in total.

Jubilee Metals (LON:JLP) has secured the rights to around 150mln tonnes of copper tailings to be refined at its Sable refinery in Zambia. The resources offers a “long term sustainable earnings profile” for its Zambian business according to Jubilee.

Synairgen (LON:SNG) expects results from 100 coronavirus patients treated in hospital with its SNG001 treatment to be released next month. The trial is being expanded nationally with participants to receive the inhaled drug in their homes.

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Price: 7.75 GBX

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Market Cap: £38.35 m
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