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It’s a slow start for the FTSE this Thursday with all eyes on the Bank
of England’s meeting later on today for more signs of further stimulus
with both the UK employment sector under pressure as well
Brexit issues
with further tensions between the UK and EU over the divorce deal. The
London markets are also shaking off another disastrous day for tech
stocks on WallStreet.
retailer Next (LON:NXT) has upgraded its profit forecast for the
second time this year after reporting more resilient sales than it
expected. Although the company still expects full-year sales to fall 12%
due to the the end of the government’s furlough scheme and uncertainty
over the pandemic.
John Lewis (LON:JLH) has scrapped its bonus for the first time since
1953 after it was hit by lockdown store closures. This comes after
posting a £55m loss.
The current market volatility is seemingly an advantage for the spread
betting firm IG Group (LON:IGG) which topped the FTSE 250 - with
revenues continuing to grow at above 60% in the past quarter as new
customers joined and existing ones traded more.
Amongst the small caps Tiziana Life Sciences (LON:TILS, NASDAQ:TLSA) is
to conduct a COVID-19 human clinical study in Brazil using what they
call a “potentially transformative approach” to modulating the immune
system.
Supermarket Income REIT PLC (LON:SUPR) has said it is to raise £150mln
to take advantage of opportunities that have become available since the
onset of coronavirus restrictions.
And finally Spire Healthcare
Group PLC (LON:SPI) has announced that its chairman Garry Watts is
looking to retire after nearly ten years in his role.
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