FTSE 100 recovered some of yesterday’s hefty fall after the UK economy rose by 0.8% in May, although GDP grew slower pace than forecast. London’s leading index added 33 points to 7,064 in early trading.
Britons are rushing to book summer holidays after the government scrapped quarantine from amber-list destinations for double-jabbed travellers. EasyJet PLC (LON:EZJ) said bookings to these areas such as Spain, Greece and Portugal have rocketed 400%.
Half-year trading for Senior PLC (LON:SNR) was ahead of expectations, said management. The components manufacturer has recently rejected five cash offers from private equity group Lone Star.
Philip Morris International Inc. (NYSE:PM) is to acquire Vectura Group PLC (LON:VEC) for £1bn as it diversifies away from tobacco. The UK pharma company scrapped a lower offer previously agreed with private equity firm Carlyle.
Arc Minerals PLC (LON:ARC) shares lost a fifth of their value as the company’s exclusivity period agreement with Anglo American (LON:AAL) lapsed. During the exclusivity period Anglo had permission to conduct a technical review of Arc’s copper exploration licences in Zambia.
Chamberlin PLC (LON:CMH) said it expects to report a loss for the extended accounting period ended May, but recover strongly thereafter. The engineer restructured following the loss of a major contract in late 2020.
Bidstack Group PLC (LON:BIDS) unveiled an exclusive partnership with Belgrade-based Nordeus, best known for its flagship game Top Eleven. First released in 2010, Top Eleven is now one of the longest-running mobile games.
