FTSE 100 reflected the UK mood after another night of disappointment on the football front. London’s blue-chip index shed 44 points in early dealing after the penalty shoot-out again undid all the hopes.
Someone else back down to earth is Richard Branson after his Virgin Galactic trip to the edge of space. He finally made his flight over the weekend after seventeen years in development and was airborne for about an hour.
House sales have collapsed by more than half this month due the start of the end of the stamp duty holiday, claims Knight Frank. The estate agent said exchanges in the first week of July were 60% below its five-year average.
Investors in motor insurer Admiral have a couple of bumper dividend cheques heading their way. Low accident claims due to the pandemic means profits are ahead of forecasts, which will mean a bumper interim payout that will be topped up by £400mln special dividend after the sale of Penguin Portals.
Among the small caps, MGC Pharmaceuticals Ltd (ASX:MXC)(LON:MXC) has recruited its first patient to a phase III trial of its cannabis-derived drug. It is being tested in people hospitalised with COVID-19.
Voyager Life PLC (LON:VOY) has signed an agreement with Scottish independent pharmacy chain Inphaserve. It will stock the group’s cannabidiol and hemp seed products across 40 shops and over 20 online platforms.