By the close the FTSE 100 was firmly higher, ending an unpromising week for equities on a brighter note as France and Germany reported stronger than expected data on industrial production. Across the Atlantic, stocks countered expectations for a sluggish start and instead recovered some of their losses from yesterday with the S&P 500 up 0.3% to 3,161.80 by 4.30pm UK time. Cruise operator Carnival gained 4.5% to 986p on reasonably positive second quarter trading update announced this afternoon. Gym Group dipped 0.1% to 149.6p despite confirming that it would reopen its fitness centres from 25 July, in line with government guidance. Component supplier to the aerospace, defence and energy sectors Senior dropped 2.2% to 59.3p, having reduced its headcount by another 12%, amid a 30% slump in first-half revenue. Wagamama and Frankie & Benny's owner Restaurant Group shed 3.6% to 51.6p, even as it accessed £50m of debt funding via the UK government's Covid-19 support scheme, and commenced a phased reopening of its restaurants and pubs. Restaurant Group said it was aiming to have 25% of its total estate operational by the end of July, 60% by the end of August and 90% by the end of September. The remaining 10%, however, was not expected to open this calendar year reflecting locations where footfall were anticipated to remain considerably weak -- primarily in some airport locations. Real estate company Great Portland Estates edged down 0.6% to 605.4p, having earlier been in positive territory, after it announced that it had collected 69% of June rent, as some of its occupiers' ability to pay had been impacted by the Covid-19 pandemic. Music and audio products company Focusrite rallied 9.4% to 694.9p after it pleasantly surprised investors by deciding to pay an interim dividend, while upgrading its profit guidance for the full year. Medical diagnostics company Genedrive slumped 19% to 83p as its revenue more than halved, and it said delivery of its Covid-19 testing kit was being held back by longer-than-expected regulatory approvals. Maritime surveillance group SRT Marine Systems jumped 28.8% to 38p on news that a delayed Philippines fisheries management project had recommenced, with a 'significant' cash payment having been received this week. Accommodation group Dalata Hotel gained 1.9% to 266p after amending its debt facility and seeing an 'encouraging' pace of bookings as governments lift restrictions.
Sign up to our
Subscribe to the latest investing news by entering your email address below
You can opt out at any time.
For five days a week you will get
- The latest company news
- Insight into investment trends
- Round-up of director's buys and sells
- Articles from Shares magazine
Plus more useful investment content and occasional promotional offers.
UK 350 Risers and Fallers
Tweets not available.