MetiNews.Com FTSE falls on virus resurgence fears, Royal Dutch Shell dips on impairment hit Breaking news
MetiNews.Com - London’s FTSE fell 30.5 points or 0.49% to 6,195.3 on Tuesday as fears of a resurgence of COVID-19 cases were reinforced by new lockdown measures, notably in the UK city of Leicester.
Breaking News ! London’s FTSE fell 30.5 points or 0.49% to 6,195.3 on Tuesday as fears of a resurgence of COVID-19 cases were reinforced by new lockdown measures, notably in the UK city of Leicester. In corporate news, Royal Dutch Shell (RDSB) slipped 1.8% to £12.48 as the oil giant warned that it would book a massive net impairment charge in the second quarter of up to $22bn after it cut its oil price forecasts in the wake of the crisis. Hotel chain InterContinental Hotels (IHG) cheapened 31p to £36.
Housebulder Redrow (RDW) cheapened 6.6% to 432p after it said annual sales had slipped 36% and its profit would be ‘substantially’ lower after lockdowns had a ‘profound’ impact on results that were meant to be second half weighted. On the bright side, Redrow has entered the new financial year with a record order book of £1.42 billion.
Cineworld (CINE) rallied 6% to 60.8p on plans to reopen cinemas in the UK and US from 31 July, albeit a date pushed back from 10 July amid recent adjustments to the schedule of upcoming movie releases.
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Source = MetiNews.Com