FTSE 100 Live 30 November: Moderna omicron vaccine head alert on Covid-19, Brent crude oil price drop, easyJet results, travel bookings

Employers, despite the new version of Omicron, are not on the verge of leaving the office’s Christmas party pub, Marston’s new president said today.

Andrew Andrea, a former pubco chief financial officer who replaced Marston’s two-year-old leader Ralph Findlay last month, told Standard that the group did not see a cancellation increase this week – but a trend ahead for firms recording record-breaking holiday gatherings. have started. 10-30 employees, instead of 50- or 60-plus pre-Covid parties.

He said: “The separation started late, but it is happening. We see that office parties are being organized, but the employers are very responsible … We were positively surprised, and we are still investigating.”

Andrea spoke as Marston’s – which owns more than 1,500 pubs – the results of which showed a 100 100 million basic pre-tax loss for the Covid-hit year up to 2 October, up from a loss of 22 22 million a year earlier.

The company closed a segment, and shares on the stock fell 4.2% this morning.

Read the full interview with the new president here

Market fears over the omicron version have deepened to send the London FTSE 100 index below the 7000 mark for the first time in nearly two months.

The renewed sales pressure came after a warning from the head of the American vaccine manufacturer Moderna that the existing jabs might struggle with the new version of the Covid-19.

Stéphane Bancel told FT that it may take months for pharmaceutical companies to make enough injections to make a difference.

After falling 3.6 percent on Friday, the FTSE index fell 100 percent to 1.589 points at one point. The above plane then dropped 91.51 points to 7018.44.

Shares of AstraZeneca fell 1.5% or 124p to 8243p following Bancel comments, despite investors fearing an impact on earnings expectations if the company fails to meet plans to start selling its existing vaccine at just an additional cost.

The risk of further Covid-19 bans increased pressure on travel and volatile stocks, InterContinental Hotels dropped 3% or 155p to 4445p and Rolls-Royce 3.5p dropped to 118.96p.

AJ Bell investment manager Russ Mold said: “No one knows how much trouble the new version will cause, and so it seems reasonable that we will see more change in the markets until there is enough data to better understand . the country.”

Other heavy exchanges under pressure include BP and Royal Dutch Shell, whose shares fell 2.5% after Brent crude oil fell to $ 70 a barrel.

Lloyds Banking Group also dropped another 1p to 45.78p as the market rejects the Bank of England’s chance of raising interest rates in December wherever it goes.

Defensive players including Reckitt Benckiser and Croda International were also positive on the field among several blue-chip stocks.

The FTSE 250 index fell 253.72 to 22,502.61, while Countryside Properties fell 21.8p to 418p as a result of year-over-year results.

Future, the publishing group behind brands such as The Week and Metal Hammer, today renewed their earnings perspective, sending shares up 15%.

The company, which is run by Zillah Byng-Thorne, has increased business by buying and has seen the growth and sales of digital advertising improve.

Revenue rose 79 per cent to 60 606.8 million in the year ended September 30.

The future is now waiting for the adjusted profits for the current fiscal year to come out of the “material” 24 244 million that the City had projected.

510p shares rose to 3702p.

Sales of the FTSE 100 appear to be accelerating. The blue chip index fell 97 points, or 1.4%, to 7012 after two hours of trading.

AJ Bell investment manager Russ Mold says of today’s sale: Stéphane Bancel said he believes the existing injections will struggle with the Omicron version, which could lead to a resumption of sales in shares and oil prices.

“Markets hate uncertainty, and this is exactly what we have now. No one knows how much trouble the new version will cause, and so it seems reasonable that we will see more change in the markets until there is enough data to do so. better understand the vines of the soil.

“However, in the grand scheme of things sales today could have been much worse. European markets were down 1% or less. It has become a normal daily movement many times over the past year.

“The biggest contributor to the 0.8% decline in the FTSE 100 in terms of points was the pharmaceutical company AstraZeneca, probably because investors reacted to the warning of the president of Moderna that the existing injections will not work well with the new version. This may be the case. may cause some investors to think that AstraZeneca earnings forecasts need to be downgraded.

“Although it would be too soon for that to happen immediately due to the lack of sufficient data to prove Stéphane Bancel’s theory.”

The UK’s largest sandwich maker has since re-imposed the ban on the return of profits and the pre-Covid closing trade, which has been increased by workers who have gone out to eat a meal near home.

Greencore offers listed supermarkets including M&S, convenience stores on high streets and shopping malls.

Revenue rose nearly 5% year-on-year to 24 1.32 billion to 32 1.32 billion. The group reported 27 27.8 million in pre-tax profit, up from 10 10.8 million last year.

CEO Patrick Coveney has decided to leave Greencore after 14 years in charge to head the restaurant’s largest SSP. At the forefront, he said: “We were able to rebuild our balance sheet and return our peak level to 2x. It empowers us to maintain and invest in the business ahead.”

Shares of this morning fell 0.5% or 0.6 p, to 122.5 p.

Wise said it would transfer 34 34 billion on behalf of customers in the six months to 30 September. This was 44% more than the same period last year and helped revenue to increase by 33% and reach 6 256 million.

As Wise reduced its prices, revenue from the volume slowly increased. The company said it will reduce the average cost of shipping money internationally on its platform by 7 basis points over the period. CEO Kristo Kärmann said it is part of the company’s mission to make transferring and managing money across borders faster, easier, cheaper and clearer for everyone, everywhere.

Despite lower prices, Wise’s gross profit margin rose from 62% to 68%. CFO Matt Briers said the margins are rising due to increased staffing and the exchange of lower bank fees.

“We are only reducing this conflict between us and our customers,” Briers told Standard.

Shares rose 69 p, or 9.1%, to 825.4 p.

West End landowner Shaftesbury has hailed a “remarkable return” since independence, even though the value of her estate was low.

The firm, known for its buildings in Chinatown and Carnaby Street, found that its property portfolio fell 5.5 percent in the 12 months to September 30, dropping to 3 3 billion in the 12 months to September 30. . some tenants.

But leader Brian Bickell drew attention to the incentive trends in the second half, especially from July 19 onwards when social exclusion in many cases ended and the legal need to close the gap was lifted.

He said: “What followed was a dramatic return to action, as visitors and domestic workers returned, following and spending our villages well on the way back, or in some cases from their pre-pandemic levels. pass on. “

Shares opened 1.1% lower.

The FTSE index is 100% lower after Moderna president Stéphane Bancel’s comments about the omicron version rekindled fears.

His warning that it might take months for the new injections to be developed at a sufficient level led to a resumption of sales trends seen in Friday’s stock market crash.

The FTSE 100 dropped 78 points to 7032, compared to the performance seen in Europe.

The decline in oil prices means that BP fell 2.5% or 7.85 p to 319.85 p, while Lloyds Banking Group is cheaper by 1.1 p to 45.7 p because the market has a chance to The Bank of England refuses to raise interest rates in December.

The FTSE index fell 250% to 0.75, although it rose 15 percent for Future publishers after its all-year results. Low-cost travel easyJet also rose 3% after its results.

As the British owner of Gaza benefits from the collapse of rival energy suppliers, Centrica shares were supported to increase significantly.

The FTSE 250 stock has risen 31 percent since mid-September and reached 65.28 p. but Investec Securities said today that it believes Centrica has the potential to trade at 105p.

“We are confident that the supply market turmoil will eventually provide a better picture for the Saxons, but we still have six months to go,” the City Company said.

The annual results are in February, when Investec expects Centrica to outline its long-term strategy and distribution framework.

Easyjet lost 13 1.13 billion as the pandemic took its toll on the low-cost airline, with the latest version of Covid further worrying investors and the wider industry.

The company says the bookings for the first half of next year are ahead of where they were before Covid left. But he acknowledges that “many remain unclear” and it is impossible to say what impact Omicron will have on his European journey.

“easyJet is running a new force in a pandemic that has transformed the business with our network optimization and flexibility, saving significant costs while also gradually increasing auxiliary revenue.

“In short, we remain vigilant that we remain very uncertain when we run the winter, but we see easyJet as a unique opportunity for the customer to win and gain market share from competitors during this period.”