The Market Report with Katie Pilbeam.
FTSE 100 opened a touch higher, with the pound rallying after the SNP failed to win an overall majority at Holyrood, making independence harder to target. London’s leading index added 12 points to 7,141 in early trading.
Boris Johnson is expected to confirm that indoor hospitality and household mixing can go ahead on 17 May as per the government’s roadmap. Other indoor businesses, such as cinemas, will also be allowed to reopen.
Greggs PLC (LON:GRG) said full-year profits could be much higher than expectations and reach 2019 levels. Recent sales benefitted from reduced competition with cafes and restaurants not offering indoor service.
Dogecoin, the meme-inspired cryptocurrency, is set to head to the moon. The Canadian firm said it will use the crypto to fund a Moon mission next year through Elon Musk’s SpaceX. The value of the ‘memecoin’ has rocketed around 10,640% so far this year.
Polarean Imaging PLC (LON:POLX) shares jumped 5.4% to 97p in early dealings after the company announced a new order from an existing customer. The medical imaging technology company said the University of British Columbia had placed an additional research order.
Open-Orphan PLC(LON:ORPH) said its hVIVO operation has won a £3mln contract to create a challenge virus that will be used to test vaccines and antivirals against new Covid variants. The deal has been signed with Imperial College London as part of an initiative funded with the Wellcome Trust.
Eden Research PLC’s (LON:EDEN) commercial collaborator, Eastman Chemical Company, has received authorisation from Italian regulators to sell its Cedroz pesticide in the country. Cedroz is designed to control pests in fields and greenhouses.