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26 May 2021
FTSE 100 edged higher on a scratchy day with little direction from Asia and the US. London’s leading index added 4 points to 7,034 in early trading.xxx Marks & Spencer Group PLC (LON:MKS) swung to a full-year loss due to lower sales in the Clothing & Home segment and high COVID-19 costs. The grocer said trading is now normalising.
Vectura Group PLC (LON:VEC) has agreed on a £958mln takeover by Carlyle Group, a private equity firm with US$260bn of assets under management. The pharma company was offered 155p per share, a 32% premium to Tuesday’s closing price.
British Land PLC (LON:BLND) posted a loss of more than £1bn for a second year running as it took another hefty write-down on its property portfolio. The landlord has been hit by trends of e-commerce and homeworking.
Union Jack Oil PLC’s (LON:UJO) 40% owned Wressle field, in Lincolnshire, is clear to hit its production target as the project has now has been approved for crude oil storage. A newly awarded planning approval gives consent for the full use of a 2,000 barrel storage facility.
Caledonia Mining Corp PLC (LON:CMCL, NYSE:CMCL) announced an increase in reserves and resources at its 64%-owned Blanket gold mine in Zimbabwe. Measured and indicated (M&I) resources rose 12% to 902,000 ounces or a 23% increase including depletion.
SkinBioTherapeutics PLC (LON:SBTX) said a study of people suffering from psoriasis that received its immune system-modulating food supplement delivered results that exceeded expectations. The findings from the assessment of AxisBiotix-Ps, developed in collaboration with partner Winclove Probiotics, will pave the way for a commercial launch of the product in the fourth quarter
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