LONDON MARKET OPEN: FTSE Boosted By US Stimulus Hopes; Rolls Slides
Mon, 8th Feb 2021 08:41
(Alliance News) - London s FTSE 100 was higher in early trade on Monday, shrugging off share price falls for AstraZeneca, Rolls-Royce and Experian, as global markets got a boost from progress on US President Joe Biden s USD1.9 trillion stimulus plan.
The FTSE 100 index was up 18.62 points, or 0.3%, at 6,507.95. The mid-cap FTSE 250 index was down 41.65 points, or 0.2%, at 21,025.22. The AIM All-Share index was down 0.3% at 1,208.35.
The Cboe UK 100 index was up 0.3% at 647.13 points. The Cboe 250 was down 0.1% at 18,479.51, and the Cboe Small Companies was up 1.3% at 12,629.96.
In mainland Europe, the CAC 40 in Paris was up 0.3% while the DAX 30 in Frankfurt was 0.5% higher.
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A round-up of some of the big share price moves in London on Monday
Yourgene Health PLC (LON:YGEN), the diagnotics group, has sent its shares 8% to 12.05p lower in afternoon trading, with the warning that while trading in the second half was better than the first, full-year sales will be below market estimates.
The company said it made around £4mln from coronavirus testing, including through the UK s Fit to Fly and Test to Release schemes, but this was crimped by restrictions on domestic and international travel.
Along with its network of partners, the company said it was primed for the reopening of the UK economy and international travel markets, with an expanded testing capacity in Manchester facility that is currently only operating at around 25%, around half the volume seen in December, with testing partners experiencing similar volume reductions.
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