1 June 2021 | 16:38pm
StockMarketWire.com - The FTSE 100 closed the first day of June up 0.8% at 7,080.46 as oil prices hit $71 per barrel and other commodities rallied, lifting resources stocks.
In the US the S&P 500 was more or less flat at 4,206.60 by 4.30pm UK time.
Wickes, the DIY chain recently spun out of Travis Perkins, gained 5.3% to 269.5p on guiding for an adjusted full-year profit within the top end of market expectations, following a jump in year-to-date sales.
Wickes said the current range of analysts expectations for full-year adjusted pre-tax profit were £55 million-to-£74 million.
Sportswear retailer JD Sports Fashion rose 0.2% to 947p, having denied a report in the Sunday Times about the future of long-serving executive chairman Peter Cowgill.
Cryptos polarising Dubai realty players
Reuters file photo
Farooq Syed, CEO Springfield Properties.
Arshad Khan, CEO of Arabian Bourse.
Recently, the Dubai Airport Free Zone Authority signed an agreement with the SCA to support the regulation, offering, issuance, listing and trading of crypto assets within the free zone.
The Dubai property market remains divided over buying and selling transactions through crypto-assets. The debate heated up since Samana Developers announced that they would execute realty transactions by accepting Dogecoin as a payment option for its upcoming residential project in Jumeirah Village Circle.
This is the second such move after Kiklabb, a Dubai government-owned licencing solutions service, started accepting cryptocurrencies in February as a payment option for trade licences and visa fees.
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