London’s broader equity benchmark index, FTSE 100 recently surged amid hopes that a US stimulus bill might be possible before the presidential election in the United States, however, all those gains were wiped off as a yet another lockdown and travel restrictions remains a possibility. The FTSE 100 traded at 5,902.37, marginally down by 0.26 per cent from previous day closing price level at GMT 4:16 PM+1 on 19 October 2020. The FTSE 250 index traded at 17,881.51, marginally up by 0.33 per cent from previous day closing price level at GMT 4:18 PM+1.

Nancy Pelosi, speaker of the US House of Representatives, seems optimistic about bringing the stimulus bill by 3 November, and the market reacted to it in a positive way. Donald Trump, US President, seems to be in favour of this bill as well. However, the gains of the FTSE 100 were subdued as investors feared the rising number of Covid-19 cases along with an increase in the pound sterling. The overseas earnings of multinational companies tend to be worthless in relative terms when pound appreciates.

 

  1. Boohoo Group Plc (LON: BOO)

The stock was down by more than 16 per cent to GBX 264.60 from previous day closing price, on 19 October 2020 at GMT 2:20 PM +1. Boohoo shares have yielded a positive price return of nearly 16 per cent in the last one year. The leading online fashion retailer today announced that the leading consulting firm, PwC, which has been the Group's auditor since 2014, would not participate in the Group’s audit. Notably, as per some media reports, PwC has stepped down as an auditor of Boohoo’s financial accounts as the fashion retailer deployed malpractices in its supply chain.

  1. International Consolidated Airlines Group S.A. (LON: IAG)

The shares of British airways owner were up by 0.29 per cent GBX 96.06 from previous day closing price on 19 October 2020 at GMT 2:20 PM +1. The shares of IAG were down by 81.76 per cent in last one year. IAG shares traded in green as Grant Shapps announced a reduction in the quarantine period to seven days by introducing ‘test and release’ system from 1 December. This move might give the airline an increased number of travellers as the festive season is just round the corner.

  1. EasyJet Plc (LON: EZJ)

A single test which would be conducted after a week on arrival can help the company in boosting its fortunes in the near term. The low-cost European airline traded in green after Grant Shapps announced ‘test and release’ system, which is expected to go live from 1 December. The shares of European airline were up 1.83 per cent to GBX 479.30 from previous day closing price, on 19 October 2020 at GMT 2:35 PM +1. The shares of EZJ are down by 62.79 per cent in last one year.

  1. Tullow Oil (LON: TLW)

Independent oil and gas exploration and production company, Tullow oil shares rose by 7.83 per cent to GBX 17.14 from previous day closing price, on 19 October 2020 at GMT 2:52 PM +1. The stock rallied as OPEC's Secretary General, Mohammad Barkindo announced an alliance between OPEC, non-OPEC countries to ensure that oil prices do not plunge steeply again as they did during the peak of the unprecedented crisis. The shares of TLW were down by 92.25 per cent in last one year.

  1. Tristel Plc (LON: TSTL)

The healthcare company had achieved growth in both revenue and pre-tax profit, coupled with high cash generation and has delivered a solid performance, during the first half of 2020 period ended 30 June 2020. The company’s turnover was up by 21 per cent to £31.7 million in H1 2020. Tristel shares were up by 0.4 per cent to GBX 500 from previous day closing price, on 19 October 2020 at GMT 3:52 PM +1. The shares of TSTL are up by 68.81 per cent in last one year.

  1. Land Securities Group Plc (LON: LAND)

Land Securities shares were up by 1.52 per cent to GBX 533.30 from previous day closing price, on 19 October 2020 at GMT 3:58 PM +1. The shares of Land securities were down by 44.72 per cent in last one year. The stock surged today after Mark Allen; the CEO announced a plan to position Land securities for growth. The shares of Land Securities are up by 44.72 per cent in last one year.

  1. JZ Capital Partners Limited (LON: JZCP)

United Kingdom-based closed-ended investment company, JZ Capital Partners agreed to sell part of its US Microcap Portfolio, and it will be utilising its proceeds to repay substantial levels of debt. JZ Capital Partners shares were up by 3.16 per cent to GBX 98.00 from previous day closing price, on 19 October 2020 at GMT 4:28 PM +1. The shares of JZ Capital Partners are down by 79.41 per cent in last one year.


 

 

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