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Market Report: FTSE lacks direction as investors await next big market mover

The London bourse is slightly lower this Wednesday with US data pointing towards a potentially painful recession.

More doom for the tourism industry following the news Princess Cruises (LON:CLL) said it would cancel early 2021 cruises on two ships due to the COVID-19 pandemic restrictions. 

Provident Financial (LON:PFG) is falling after warning Covid 19 has created a great deal of uncertainty over the supply of credit to recession-hit households. The company reported a half year loss of 32.6 million pounds but did say it had performed better than expected. 

Polymetal International (LON:POLY) says it's now back on track to meet its 2020 production guidance of 1.5mln ounces of gold equivalent. 

4D pharma (LON:DDDD) is soaring this morning after announcing the complete clinical benefit from its early stage cancer trial. 42% of the group benefited from the two drugs.

Eqtec (LON:EQT) has signed an equipment and services deal relating to a waste gasification project in Greece.

And finally Wetherspoons (LON:JDW) has a saucy problem! It’s all thanks to Rishi Sunak's popular Eat Out to Help Out discount scheme. Due to high demand all of their Tomato Ketchup is running out.

Quick facts: Cello Health PLC

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Market: AIM
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Market Report: FTSE 100 drops, gold at eight year high

Headlines from the Proactive UK newsroom. The FTSE 100 dropped 39 to 6,129 after the first monthly decline in Nationwide’s UK House Price Index in eight years. Overnight, gold futures rose above US$1,800 per ounce. Sainsbury’s said sales were strong throughout its first quarter and...

on 1/7/20

2 min read