FTSE 100 dives 1.7% as oil slumps

Fri, 18th Jun 2021

The FTSE 100 was down sharply by the close, losing 1.7% to 7,029.92 as oil prices slumped hitting index heavyweights BP and Royal Dutch Shell. Tesco has reported a 1.1% one-year sales change in its quarter one results published 18 June 2021. Its shares fell 3.8% to 222.5p. Automotive distributor Inchcape said it expected to deliver annual pre-tax profit 'significantly' ahead of market consensus as performance year to date had exceeded its expectations. Its shares were up 3% to 786p. Investment company Braveheart Investment swung to an annual profit as total income was boosted by the sale of investments. Its share price climbed 3.2% to 45.9p. Today, Unite Students, the UK's leading owner, manager, developer of student accommodation, has announced it will be selling transferring two London properties to its London Student Accommodation joint venture with GIC for £342 million. Its shares were up less than 1% at £11.40. Virtual reality technology company VR Education said it had raised gross proceeds of £7.7 million through the sale of the shares at price of 16 pence per share. Its shares slumped 9% to 17.4p. Yourgene Health, the international molecular diagnostics group that develops and commercialises genetic products and services, has announced it has won a contract to supply DPYD testing kits to NHS Wales in a deal estimated to be worth £232,000 across two years. Online marketing company B90 reported narrower annual losses as lower costs helped offset a fall in revenue. Its shares fell 4% to 11.5p. Story provided by StockMarketWire.com

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