Investment - #FTSE flies as #Ryanair’s passenger numbers soar and investors await US jobs data: Proactive

 

2 July 2021

Proactive

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FTSE 100 was in good cheer ahead of the US non-farm numbers and England’s quarter final on Saturday. London’s blue-chip index rose by 28 to 7,153 with the consensus for around 700,000 jobs to have been added in the US last month.xx 

 

Sir Richard Branson has gazumped Amazon boss Jeff Bezos plan to be the first billionaire in space. The bearded tycoon announced his Virgin Galactic ship will take him up on 11 July or nine day ahead of Bezos’ planned trip into orbit.

 

Ryanair’s passenger numbers jumped to 5.3mln in June from 1.8mln in May with the airline carrier saying travel is starting to recover within the EU thanks to the vaccine roll-out. WizzAir carried 1.5mln passengers from 500,00o a month earlier.

 

Oil prices hit a new two-year high despite confusion over the outcome of yesterday’s OPEC+ meeting. Brent crude rose to US$75.50 even though the UAE has apparently vetoed a plan to raise production by 400,000 barrels a day.

 

 Confectionery giant Haribo said driver shortages might stop its sweets reaching the UK. The German-based firm is the latest to flag the problem, with hauliers saying the UK might be short as many as 100,000 truckers due to Brexit and Covid restrictions.

 

Among the small caps. I3 Energy PLC (LON:I3E) said it is "very pleased" with the outcome of the drilling operation at its first Marten Hills Clearwater well in Canada. Drilling on the well started in mid-June.

 

E-therapeutics PLC (LON:ETX) said it had passed a key landmark in its collaboration with drug discovery group Galapagos that triggers a milestone payment under its pre-clinical and clinical development agreement. No financial details were given.

Investment - #UK Market report: Sterling six week lows despite further lockdown woes: Proactive 29.7K subscribers

The FTSE is higher as we head into early afternoon trade with Sterling still loitering around that six week low and news from drug giant AstraZeneca PLC (LON:AZN) that it is putting its coronavirus vaccine trials on hold after a patient participating got poorly which has triggered fears of finding a solution to coronavirus restrictions.

Speaking of which, the UK government has said gatherings will be slashed from 30 people to 6 after the rise in coronavirus cases. This news is impacting hospitality stocks including JD Wetherspoon (LON:JDW).

Sterling is still being beaten by concerns over a break down of Brexit deal talks between Britain and the EU and Boris Johnson’s rhetoric going into the talks has been quite tough.

 Ryanair (LON:RYA) has cut its target for passenger numbers this year by another 10 million, to 50 million and predicted a price war to encourage passengers to fly.

Among the small caps is Amryt Pharma (NASDAQ:AMYT) (LON:AMYT) which has posted positive results from its skin gel phase III success for skin gel to treat people with a rare and chronic skin disease - there is an interview with the CEO Joe Wiley on our website now.

Argo Blockchain (LON:ARB) has reported a surge in earnings and revenues in its first half - with a surge of Bitcoins mined of over 500% from the previous year.

And Inspired Energy (LON:INSE) has revealed revenue in the half-year to June by 25% to £20.9mln.

Proactive

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Coronavirus - European countries mull reopening borders #BBCOS #BBCOutsideSource: BBC News 7.6M subscribers

Foreign visitors to Spain will no longer have to undergo a two-week quarantine from 1 July, the government has announced. 

It said the measure had been finalised in a cabinet meeting on Monday. Foreign Minister Arancha Gonzalez Laya had previously said the requirement would be lifted in July, without giving a date. 

The news comes as the UK government prepares to bring in its own 14-day quarantine policy from 8 June. Travel firms and other industry bodies say the UK should relax the measure for visitors arriving from countries where people are at a lower risk of contracting the coronavirus. 

Spain normally attracts 80 million tourists a year, with the sector providing more than 12% of the country's GDP. #BBCOS #BBCOutsideSource 

Several airlines including EasyJet, Jet2 and Ryanair have announced that they plan to resume flights and holidays soon. Easyjet will be resuming flights from 22 airports across Europe from 15 June, as well as regional flights across the UK. 

But there will only be one international flight from the UK - from Gatwick to Nice in France. Jet2 is planning to resume full services from 1 July, and will fly to several Spanish and Italian destinations, before opening up to Greece and Croatia later in the year. 

And Ryanair will be restoring 40% of its flights from 1 July and will resume flights from most of the 80 airports it flies from across Europe. 

Business groups wrote to Boris Johnson on Sunday saying the quarantine would have "serious consequences" for the economy and calling for "air bridge" deals to be struck with other nations.

BBC News

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Investment - Morning Report: FTSE 100 strengthens on hopes for global easing of lockdown restrictions: Proactive

Headlines from the Proactive UK newsroom. The FTSE 100 climbed nearly 60 points higher on hopes for a worldwide easing of coronavirus lockdowns restrictions. Boris Johnson is to outline the UK’s plans on Sunday.

 New car registrations slowed to a standstill in April after coronavirus lockdown measures were introduced, according to new trade figures. Only 4,000 cars were registered in April, a 97% drop on a year ago. Car dealerships have been closed as part of the virus restrictions. Ryanair, meanwhile, flew only 40,000 passengers in April compared to 13.5mln a year ago as the coronavirus restrictions grounded its fleet. The airline operated 600 flights, or 99% less than budgeted.

Cruise operator Carnival PLC(LON:CCL) has been forced to defend plans to resume some services in North America from August after they were met with a barrage of criticism. The FTSE250-listed group said it intended to phase-in services from Miami, Port Canaveral and Galveston from the 1st of August using eight ships.

 Genedrive (LON:GDR) is to raise up to £8mln to fund development of its two coronavirus diagnostic assays. The funding at 80p was primarily with institutional investors.

BATM’s (LON:BVC) Adaltis subsidiary has launched new test kits that diagnose if a patient has had COVID-19 by detecting antibodies present in their blood. They're fully CE certified and the Group has commenced shipping initial orders to several customers in Europe.

 Gaming Realms (LON:GMR) is to launch its Slingo Orginals game on the 888 platform after extending its licensing and revenue share agreement with the FTSE 250 group. The entire Slingo Originals portfolio is now available on 888casino.com.

At a Glance
https://simplywall.st/stocks/us/consumer-services/nyse-ccl/carnival-corporation
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EU - Ryanair strikes expand to Germany on Friday: euronews (in English)

Published on 27 September 2018

It comes as the European Union orders the low cost budget airline to respect European law and meet European rules on local contracts… READ MORE : http://www.euronews.com/2018/09/27/ry...

Business News - Irish Ryanair pilots walk out over low pay, poor working conditions: FRANCE 24 English

 Published on 12 Jul 2018

Ryanair repeats calls for ‘urgent’ European action after 1,100 more flight cancellations: euronews (in English)

Published on 3 Jul 2018

The Dublin-based carrier says more than 1,100 flights have been cancelled for the second month running. … READ MORE : http://www.euronews.com/2018/07/03/ry...