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London stocks edged lower in early trade on Wednesday amid worries about a rise in coronavirus cases in the US and Australia, as investors eyed Chancellor Rishi Sunak’s mini budget.
Software and consulting services company First Derivatives reported a rise in revenue for the four months to the end of June despite the coronavirus pandemic.
Real estate investment trust Tritax Big Box said on Wednesday that rent collection has been "strong" since the start of the Covid-19 pandemic and that it expects 97% of third-quarter rents will be collected by the end of August.
London stocks were set for a weaker open on Wednesday amid growing concerns about a rise in coronavirus cases, as investors eyed Chancellor Rishi Sunak’s mini budget.
Next, Asos and Amazon have decided to pull all Boohoo clothing from sale as growing anger over workers’ pay and conditions at the company’s suppliers resulted in £1. 5bn being wiped from the fast fashion brand’s value in two days. Allegations that some factories in Leicester that sell clothes to Boohoo pay as little as £3. 50 an hour and failed to protect workers from coronavirus emerged last week. On Tuesday, the three online retailers were joined by very.
London’s FTSE 250 was down 1. 2% at 17,340. 80 in afternoon trade on Tuesday.
London’s FTSE 100 was down 1. 6% at 6,187. 66 in afternoon trade on Tuesday.
Shares of Micro Focus slumped on Tuesday after the software company said it swung to an interim loss as it recorded a goodwill impairment charge related to the Covid-19 outbreak and struck a cautious note on the outlook.
UK house prices fell for the fourth month in a row in June as the Covid-19 crisis continued to take its toll, but new mortgage enquiries surged, according to a survey released by Halifax on Tuesday.
Polypipe announced plans on Tuesday to cut around 250 jobs due to the impact of the coronavirus pandemic, but said it had seen an improvement in trading since its last update in May.
London stocks had fallen further into the red by midday on Tuesday as the European Commission slashed its growth forecasts, with concerns about a rise in new coronavirus cases continuing to weigh on sentiment.
Novavax said on Tuesday that it has been awarded $1. 6bn in government funding to develop its Covid-19 vaccine.
London stocks fell in early trade on Tuesday following strong gains in the previous session, amid renewed concerns about rising coronavirus infections.
German industrial production rebounded in May, albeit less than expected, according to figures released by Destatis on Tuesday.
London stocks were set for a muted open on Tuesday following strong gains in the previous session, amid renewed concerns about rising coronavirus infections.
An anti-gambling charity has called on banks to improve card blocking systems introduced to help those whose gambling is out of control after it emerged 40% of current accounts offer no help in this area. Research on behalf of GambleAware found that just eight financial companies offered customers the chance to block future payments to gambling sites. – Guardian.
London’s FTSE 100 was up 1. 6% at 6,257. 52 in afternoon trade on Monday.
London’s FTSE 250 was up 1. 2% at 17,501. 86 in afternoon trade on Monday.
Chemicals company Croda International has agreed to buy Avanti, a company specialising in the development and production of high-purity polar lipids used in next-generation drug delivery technology and vaccines, for as much as $260m.
Uber Technologies confirmed on Monday that it has agreed to buy food delivery start-up Postmates for around $2. 65bn in all-share deal.