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Market Report: FTSE 100 jumps as Asian markets near five-month highs

Headlines from the Proactive UK newsroom.

The FTSE 100 jumped higher as Asian markets perked up despite the rising number of US COVID-19 cases. The London index jumped 68 to 6,163.

QUIZ PLC (LON:QUIZ) has suspended a supplier in the Leicester area after weekend reports it was paying its staff well below the minimum living wage. The occasion wear maker said it was extremely concerned by the report which alleged a factory in Leicester making the clothing group’s products was paying as little as £3 per hour.

Airports say they could be forced to axe 20,000 jobs unless they get support from the government. Heathrow said passenger numbers reached around 350,000 in June, down 95% compared to the same month last year.

Shoppers made a sluggish return to the High Street in June according to the latest industry research. Data company Springboard said the decline in footfall was better than May but still 65% below a year ago.

Sir Richard Branson is apparently ready to invest up to £200m into Virgin Atlantic as part of a £1bn rescue plan for the airline. The money will come from the recent sale of a stake in space business Virgin Galatic.

Corero Network Security PLC (LON:CNS) said the home working boom during the coronavirus (COVID-19) pandemic has heightened awareness of its services. The network security expert said order intake in the first half of 2020 increased by 58% to US$7.9mln with interim revenues to rise by 48% year-on-year.

Jubilee Metals Group PLC (LON:JLP) posted a 54% increase in first-half earnings to £12.8mln. The group added the improvement came even though it was shut down for two months due to COVID-19 restrictions in South Africa.

Westminster Group PLC (LON:WSG) also posted strong numbers in its latest half year. Revenues jumped by around a quarter in spite of the coronavirus (COVID-19) pandemic uncertainty.

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