Market report: Steady FTSE 100 shrugs off second wave spike fears

Headlines from the Proactive UK newsroom.

The FTSE 100’s daily switchback ride continued as it rallied again after a weak start on renewed coronavirus fears. The blue-chip index added 20 points to 6,069.

After the latest lockdown easing, The Gym Group PLC (LON:GYM) said it will reopen 160 sites in England on July 25, excluding two gyms in Leicester. Thirteen sites in Scotland and three in Wales will follow after local restrictions are lifted.

The Restaurant Group PLC (LON:RTN) meanwhile aims to have 90% of its estate open by the end of September. The Wagamama owner wants 25% of its total estate open by the end of July.

Codemasters Group (LON:CDM) has released its F1 2020 video game for PlayStation 4, Xbox One, PC and Google Stadia to critical acclaim. The game developer said the release is “one of the highest-scoring games of 2020”.

Pan African Resources' (LON:PAF) gold production increased by 4.1% to 179,575 ounces in the year to June. Production this year will be around 190,000 oz.

IQ-AI Limited (LON:IQAI) subsidiary Imaging Biometrics said it is working on a new technology that could revolutionise the detection and treatment of brain tumours. The IB CAD has been created to pick up cancer cells before they are visible on standard imaging.

Inspired Energy (LON:INSE) has raised £35mln and struck a deal to acquire the 60% of Ignite Energy that it does not already own. The acquisition of Ignite - which provides energy management services to corporate clients like Halfords, Starbucks, and WH Smith - will accelerate the group's organic growth in optimisation services.

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