Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
UK stocks rebounded on Monday, having undergone a savaging last week, as investors focused on the potential for co-ordinated global stimulus measures to cushion the impact of the coronovirus.
At 0825, the benchmark FTSE 100 index was up 162.19 points, or 2.5%, at 6.743.52.
Insurance group Hiscox rose 7.7% to £13.20 after it reported a 61% fall in pre-tax profit as large catastrophe events including storms in the US, the Caribbean and Japan led to a surge in claims.
Engineering group Senior jumped 8.1% to 152.7p as it booked a 53% fall in annual profit after it was hurt by the grounding of Boeing's 737 MAX aircraft.
Senior said its was closely monitoring the coronavirus outbreak, including the potential impact of any macroeconomic disruption on its end markets, supply chain and customers.
Gulf region focused hospitals group NMC Health rose 6.6% to £10.00 after it requested a standstill agreement with lenders and hired Moelis to advise on a debt restructuring.
Budget carrier Wizz Air ascended 0.5% to £34.3204, having agreed to form an Abu Dhabi-based joint venture with Abu Dhabi Developmental.
The venture, dubbed Wizz Air Abu Dhabi, would be a low-cost airline that would launch its operations at Abu Dhabi International Airport in the fall of 2020.
Software company Sage added 2.5% to 698.8p as it agreed to sell its Brazilian assets to local management for up to £10m.
AstraZeneca gained 3.9% to £70.58 on completing the sale of the global commercial rights of its hypertension medicines to Atnahs Pharma for up to $390m.
Textiles company Johnson Service rallied 8.1% to 197.78p as it reported a rise in profit boosted by recent acquisitions.
Africa-focused oil company Tower Resources jumped 42% to 0.6p, having agreed to sell down a 24.5% stake in its Thali prospect off the coast of Cameroon to OilLR.
Hostel group Safestay firmed 2.2% to 27.6p, even as it announced that it would no longer acquire a hostel in Prague after the owner was unable to satisfy 'certain conditions'.
Cloud computing company Beeks Financial Cloud rose 1.4% to 100.85p as its first-half profit rose 46% after revenue increased by nearly fifth.
Mining company Strategic Minerals jumped 12% to 0.48p on announcing that an arbitrator in the US would make a decision on a long-running claim against one of its major customers by 30 May.
The company said it had also extended its access to the Cobre magnitite stockpile in New Mexico.
