logo-loader

FTSE modestly higher as traders make little moves ahead of August bank holiday weekend

Published: 10:11 27 Aug 2021 BST

FTSE 100 made a decent start as investors looked ahead to the Jackson Hole central bank symposium after a week of several record highs across markets. London’s leading index added 9 points to 7,134 in early trading.

Britain has added seven destinations to the green list for international travel, including Canada and Denmark. Thailand and Montenegro though were moved to the red list meaning they are deemed high risk.

Fitness bike group Peloton Interactive (NASDAQ:PTON) (NASDAQ:PTON) Inc had to cut prices after demand dwindled as people started going back to the gym. The expensive exercise machines maker forecast a sales drop quarter-on-quarter.

Struggling guarantor loan provider Amigo Holdings PLC (LSE:AMGO) (LSE:AMGO) turned a quarterly profit after it left the amount it had set aside for settling customer complaints little changed. The controversial lender had warned it might collapse earlier this week.

Primary Health Properties PLC (LSE:PHP, FRA:PP51) (LSE:PHP, FRA:PP51), the investor in health centres, is spending £40mln on assets in Bury, Lancashire. A purpose-built facility that serves 22,300 patients and provides a base for 17 GPs, the Townside Primary Care Centre it is acquiring is fully-let.

Shanta Gold said it on track with a five-year plan to transform the business into a 110,000 ounce  a year gold producer by 2023.  The forecast increase in reserves and resources demonstrates the huge potential in the portfolio, it added.

Air Partner (LSE:AIR) (LSE:AIR) PLC (LON:AIR) said it has continued to trade strongly in the face of some strong headwinds. Travel restrictions and “general uncertainty” around the pandemic don’t appear to have impeded the firm’s progress said the aeroplane broker, which added it would deliver a first-half profit of not less than £3.7mln.

Caledonia Mining tackles 2023 challenges with optimism for 2024 as it...

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) chief executive Mark Learmonth tells Proactive's Stephen Gunnion the company faced a challenging 2023, primarily due to poor production in the first half of the year at its core asset, the Blanket Mine in Zimbabwe, and an underperformance...

37 minutes ago