With no corporate releases of note due on Friday, investors will turn their attention to a speech by Federal Reserve chair Jerome Powell at the central bank's symposium in Jackson Hole, Wyoming.
This time last year when we issued the last set of unaudited interim results I remarked that the Corona Virus continues to disrupt the world s businesses and the Lockdown in the UK has dramatically slowed economic activity here . We had little idea then how long this situation would continue nor how far and wide throughout the world the pandemic would spread. Despite these difficulties there is cause for optimism as we now have the vaccine and many countries have started vaccination programmes to protect their populations. There are now many good reasons to hope that economic activity will quickly recover as the restrictions are lifted. Our financial position remains unaffected by the impact of COVID 19, having no trading business, which leaves us able to act swiftly and decisively when the appropriate target is identified.