FTSE kicked off in negative territory today after US central bankers see their recovery from the coronavirus downturn as ‘highly uncertain’. And there’s still no sign of a US stimulus deal being unveiled.
The owner of Sports Direct and House of Fraser says it is seeing "a semblance of normality" returning. Frasers Group (LON:FRAS) also warned that further lockdowns remain a threat. Annual pre-tax profits sank 20% to £143.5m as lockdown store closures led to "the most challenging year" in its history.
Ground engineering company Van Elle Holdings PLC (LON:VANL), is in the red after posting a loss before tax of £900,000 in the year to the end of April, compared to a profit of £4.7mln in the previous year.
7digital Group PLC (LON:7DIG) unveiled a contract to provide a global technology company with access to its global music catalogue.
SDX Energy Plc (LON:SDX) has reported that production has hit record levels and discoveries made in both Egypt and Morocco have added significant value to the company's portfolio.