London stocks fell in early trade on Thursday as growing tensions between the US and China and a rise in new coronavirus cases weighed on sentiment.
QinetiQ reported its fourth consecutive year of growth on Thursday, with its orders up 25% excluding the LTPA amendment, making for its largest annual order intake in nine years.
Tate & Lyle reported a rise in full-year profit and revenue on Thursday but said trading in April was mixed due to Covid-19 lockdowns in the US and Europe.
Hilton Food said trading in 2020 was in line with its expectations after Covid-19 lockdowns increased consumer demand for food.
FTSE 250 investment platform AJ Bell reported a jump in interim profit on Thursday and held its dividend as customer numbers grew.
Intertek said it would pay its final dividend as the company reported a 4. 6% fall in revenue for the first four months of 2020.
Intellectual property-based business developer IP Group has sold 12. 25 million shares in Ceres Power for 425p each, it announced on Thursday.
London stocks were set to fall at the open on Thursday following a rise in new coronavirus cases as countries around the world begin to lift lockdown restrictions, and amid growing tensions between the US and China.
London open The FTSE 100 is expected to open 42 points lower on Thursday, having closed up 1. 08% at 6,067. 16 on Wednesday.
The highest paid 1% of British earners received nearly 17% of all the country’s income ahead of the Covid-19 crisis, according to a study making allowance for the concentration of taxable capital gains among the better off. Analysis by Warwick University, the London School of Economics and the Resolution Foundation of previously confidential HMRC data showed that the top 1% had a growing and much bigger slice of income than previously thought. - Guardian.
EasyJet said it would begin to restart flying on 15 June with extra measures to reduce the risk of infection from Covid-19.