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UK stocks jump 1.6% on vaccine, stimulus hopes | 1 March 2021


1 March 2021 | 08:39am
StockMarketWire.com - UK stocks opened substantially higher on Monday after Johnson & Johnson s single-dose Covid-19 vaccine was approved for use in the US.
At 0823, the benchmark FTSE 100 index was up 104.78 points, or 1.6%, at 6,588.21.
The Johnson & Johnson shot, expected to be distributed this week, will be the first single-dose vaccine anywhere on the market.
Sentiment also was being buoyed by optimism US lawmakers will soon push through a huge stimulus package.
In local news, distribution and services group Bunzl fell 2.0% to 321.93p, even as it reported a rise in profit driven by sales of higher priced Covid-19-related products. ....

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TRADING UPDATES: 1Spatial expects full-year results ahead of forecasts


TRADING UPDATES: 1Spatial expects full-year results ahead of forecasts
Mon, 1st Mar 2021 15:34
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
1Spatial PLC - Cambridge-based location data software provider - Expects to report solid progress in financial year ended January 31, with results ahead of current market expectations due to a robust performance in the second half of the year. Says revenue for the year expected to be in excess of GBP24 million - versus GBP23.4 million in the 2020 financial year - with adjusted earnings before interest, taxes, depreciation and amortisation to be in excess of the GBP3.2 million posted for the 2020 year. The board is confident that the group s progress over the last year is set to continue in the coming year. Nevertheless, the board remains cautious in managing potential risks resulting from the Covid-19 pandemic, 1Spatial says. ....

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