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.

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.

MetiNews.Com  FTSE falls on virus resurgence fears, Royal Dutch Shell dips on impairment hit Breaking news
30 June 2020 - 08:08

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. MORE TO FOLLOW.

Source = MetiNews.Com

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MetiNews.Com FTSE falls on virus resurgence fears, Royal Dutch Shell dips on impairment hit Breaking news


MetiNews.Com FTSE falls on virus resurgence fears, Royal Dutch Shell dips on impairment hit Breaking news


MetiNews.Com FTSE falls on virus resurgence fears, Royal Dutch Shell dips on impairment hit Breaking news


MetiNews.Com FTSE falls on virus resurgence fears, Royal Dutch Shell dips on impairment hit Breaking news

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