24 May 2021 | 08:32am
StockMarketWire.com - UK stocks made modest gains in early dealings on Monday as local businesses continued to report a bounce back in trading activity after lockdowns eased.
At 0820, the benchmark FTSE 100 index was up 15.56 points, or 0.2%, at 7.033.61.
Cinema group Cineworld firmed 3.1% to 89.55p after it said ticket sales for its opening weekend in the UK exceeded its expectations, led by the success of Peter Rabbit 2: The Runaway .
Cineworld added that in the US, following the opening of an additional 167 cinemas, over 97% of its cinemas had resumed operations.
IT provider Kainos rallied 2.6% to £14.49 as its annual profit more than doubled thanks to strong demand for digital transformation services. Food packing business Hilton Food gained 0.7% to £12.38 on announcing a strong start to the year that had put it on track to meet its profit expectations.
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A look at some of the major movers in London on Monday
OnTheMarket PLC (LON:OTMP) advanced 6.1% to 87.5p after it announced a commercial partnership with rental platform Canopy.
The partnership will enable OnTheMarket to provide its agent customers with free comprehensive tenant referencing, including employment and landlord references, for all tenancy applications.
Canopy s RentPassport includes Experian credit history, adverse financial history and provides verification of identity and address along with Know Your Customer, Anti Money Laundering and other information. The Canopy and OnTheMarket rental platform will be live in July 2021.
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FTSE 100 rouses itself in the afternoon hours; Wall Street eagerly picks up the baton
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London s leading index ended Monday up 34 points, 0.5%, at 7,052
FTSE 100 up 34 points
Bitcoin bounces back
5.05pm: Positive day for tech
London s leading index ended Monday up 34 points, 0.5%, at 7,052, while the FTSE 250 added 84 points, 0.4%, to close at 22,484. Stocks have resumed their march higher it seems, adding to the gains made in the second half of last week as inflation concerns appear to recede, IG Chief Market Analyst Chris Beauchamp wrote. Risk assets are moving higher on a broad front, with almost all major indices in positive territory and oil prices marching upwards as well.
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