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Market report: FTSE gains as pound falls on fears of a no-deal Brexit

The FTSE opened in positive territory this morning on the back of a weak pound after U.K. Prime Minister Boris Johnson raised the chances of a no-deal Brexit as trade negotiations continue to look uncertain with the European Union. Johnson would rather let talks fail than compromise. 

The owner of budget retailer Primark (LON:ABF) has seen sales rebound since the lockdown was lifting in the UK. Associated British Foods, said that sales had beaten expectations over the quarter - with sale set to hit £2bn by the end of the year.

Publisher Future (LON:FUTR) which includes titles such as Country Life said its on track to post full-year profit ahead of market expectations after online reader numbers jumped during the coronavirus crisis.

Among the small caps, Blackbird PLC (LON:BIRD) has reported record revenues in the first half of its current financial year as the company said the acceleration in its business has continued despite lockdowns.

Belvoir Group PLC (LON:BLV) is confident of meeting full-year expectations and has reinstated its progressive dividend policy. 

Vast Resources PLC (LON:VAST) has released a detailed cashflow forecast and production schedule, now that confirmatory drilling has been completed in Romania. 

And finally Red Rock Resources (LON:RRR) has entered into an option agreement involving former gold and silver mining and exploration assets at Zlata Bana in Slovakia. 

 

 

 

 

Quick facts: Associated British Foods PLC

Price: 1732 GBX

LSE:ABF
Market: LSE
Market Cap: £13.71 billion
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