FTSE 100 on the rise; pubs and restaurants count down to indoor reopening on 'Freedom Monday'
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FTSE 100 on the rise; pubs and restaurants count down to indoor reopening on 'Freedom Monday'
London's leading index advanced 68 points to 7,031 before close
FTSE 100 up 68 points
Hospitality to resume indoor service on Monday
Wall Street opens higher
FTSE 100 was on the rise just before close, surging 68 points to 7,031.
Pubs, restaurants and other hospitality venues are set to resume indoor activities on Monday.
Trade body the British Beer and Pub Association expects 45,000 pubs to open their doors on 17 May and serve 3mln pints.
It will be welcome as bad weather has hampered trading since the reopening of outdoor service in mid-April, with like-for-like sales plunging 51% in the week to 8 May compared to the same period in 2019, according to CGA figures.