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FTSE 100 on the up as airline stocks surge higher


Headlines from the Proactive UK newsroom.

The FTSE 100 index rose again as airline stocks surged higher.

British Airways owner IAG led the way climbing 11% in the morning while the index jumped 71 to 6,412.

says it will soon be able to supply two billion doses of a potential coronavirus vaccine. Its CEO says it’s already started to make the vaccine ahead of the trial results.

The spat between billionaires Elon Musk and Jeff Bezos has ramped up a notch after Amazon refused to allow the Tesla owner to self-publish a book. Musk tweeted that Amazon should be broken up.

Luxury carmaker Bentley is set to cut 1,000 jobs in another blow to the UK’s car industry. The Volkswagen-owned business has seen production halted by the coronavirus outbreak.

Stobart Group has raised £100mln from a placing to help it re-focus on Southend Airport. The group lost £158mln in the year just ended including a big write-down on the failed airline Connect.

Premier Oil () has agreed revised payment terms for its North Sea acquisitions and agreed a truce with its dissenting hedge fund investor. Premier has now agreed in principle to pay cash of just US$210mln on completion, funded with equity.

C4X Discovery () chief executive, Clive Dix has been appointed as a member and deputy chair of the steering board of the UK Vaccine Taskforce. The taskforce will lead UK efforts to find and manufacture a coronavirus (COVID-19) vaccine.



Read More: FTSE 100 on the up as airline stocks surge higher

2020-06-05 10:22:00

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