The FTSE has opened up this Thursday in negative territory as the reality of the economic impact of lockdown and fears of a second wave of COVID-19 infections hits home.
The Anglo-German tour operator TUI (LON:TUI) has posted a whopping 98% drop in revenue and a €1.1bn loss for the past quarter as the full implications of the coronavirus pandemic takes its toll on the travel sector.
Elsewhere - Topps Tiles (LON:TPT) said it expects to generate a modest level of adjusted profit before tax in the year to September this year - thanks to strong home improvement and DIY demand. Like-for-like retail revenue grew 15.5% year-on-year in the first six weeks of its final quarter.
Condor Gold (LON:CNR) says it has significantly de-risked its La India project by acquiring 85% of the land including several key areas of the project including a tailings storage facility, open pit and waste dump area.
Directa Plus (LON:DCTA) has said the strong anti-viral properties of its graphene-enhanced coronavirus mask have been confirmed by scientists in Italy. CEO Giulio Cesareo says the company is in “early-stage’ discussions with possible commercial partners for this application.
And finally secure payment products provider Eckoh (LON:ECK) has secured a six-year contract extension worth £4mln to provide services relating to London’s congestion charge.The contract extends the existing agreement with Capita PLC (LON:CPI) and Transport for London to provide customer contact centre solutions alongside the existing secure payments service.
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