The Market Report with Katie Pilbeam. FTSE 100 made good progress on hopes that UK Covid-19 restrictions might be lifted early as infection rates have started to fall. Hospitality groups were to the fore as London’s blue-chip index added 40 to 6,679.
A row has blown up between AstraZeneca and the European Union over supplies of its Covid-19 vaccine. Brussels officials have threatened to block exports of vaccines to areas outside the EU such as Britain in response to a reduction in deliveries to Europe from Astra.
Among the small caps, Faron Pharmaceuticals (LON:FARN) received approval by the US authorities to start the final stage of trials for COVID-19 treatment. The drug is for patients who have been hospitalised but do not yet need ventilation.
Jersey Oil and Gas PLC (LON:JOG) shares rocketed higher after an upgrade of resource estimates for the Buchan oil project in the North Sea. Recoverable oil is said to be 126mln barrels against 82mln barrels previously.