Morning Report: Positive start for FTSE 100 on lockdown hopes despite oil price slump

Headlines from the Proactive UK newsroom.

The FTSE 100 is expected to open strongly this morning on hopes of an easing in the coronavirus crisis and despite a slump overnight in oil prices to a twenty-year low.

US light crude dropped below US$15 a barrel with reports supertankers are being used to store the oil glut.

Around 35 companies are planning fundraisings in London according to a report this morning. DFS Furniture's confirmed it is looking for nearly £55mln.

Mr Kipling owner Premier Foods meanwhile enjoyed a bumper march as people stockpiled ahead of the lockdown. Sales jumped 10.5% in the month, helping profits rise to the top end of forecasts.

AIM-listed Feedback (LON:FDBK) is to roll out its mobile-based medical imaging platform Bleepa across the Pennine Acute Hospitals NHS Trust to help manage the peak of the coronavirus outbreak. Referrals of COVID-19 cases will be managed through Bleepa.

The neuroscience data specialist IXICO’s (LON:IXI) sales rose by a third to £4.6mln in the half year to March. Orders have also risen to £22.5mln.

Genedrive (LON:GDR) has entered into an agreement with Cytiva - formerly GE Healthcare Life Sciences - for the development of its rapid mass coronavirus test. This lab-based test is one of two assay programmes Genedrive is developing and is aiming for 10,000 tests an hour.


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