Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

UK shares climb on hopes of lockdown easing, Novacyt soars

Published 04/27/2020, 03:26 PM
Updated 04/27/2020, 03:30 PM
© Reuters.
UK100
-
IHG
-
FTMC
-
ALNOV
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 up 1.5%, FTSE 250 up 1.9%

April 27 (Reuters) - London-listed shares joined a global
rally on Monday as signs of an easing in the coronavirus
outbreak raised hopes that a month-long lockdown would be
relaxed, while diagnostics firm Novacyt surged on news of a
supply contract with the UK government.
The clinical diagnostics company NCYT.L jumped 12.2% after
saying it would supply its coronavirus testing kits to the UK's
Department of Health & Social Care for an initial period of six
months starting next week. The domestically-focussed midcap index .FTMC rose 1.9%, as
Prime Minister Boris Johnson returned to Downing Street almost a
month after he was diagnosed with COVID-19, with a report saying
he could announce plans to ease the lockdown as early as this
week. The commodity-heavy FTSE 100 .FTSE also added 1.5%, with
the financials and industrials sectors providing the biggest
boost.
Holiday Inn-owner InterContinental Hotels IHG.L said it
had agreed changes to the terms of its borrowing and made use of
UK government supported loans as it predicted a 25% plunge in
global revenue per available room in the first quarter. Its
shares rose 4.1%.


Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.