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Morning Report: FTSE 100 gains on higher oil price and improved Chinese economic data

Headlines from the Proactive UK Newsroom.

The FTSE100 was on the rise again this morning buoyed by improved Chinese economic data and the higher oil price. The index rose 73 points to 6,293 helped also by a better than expected reading from the UK service sector.

Google is being sued for USS$5bn over allegations it illegally tracked internet users with browsers set in private mode. The complaint was filed in a federal court in California.

TUI Group says it has agreed compensation with aircraft maker Boeing for disruption to its business caused by the late delivery of the 737 MAX plane. No figures were mentioned but Boeing will give it credits for future orders.

Cybersecurity group Avast PLC (LON:AVST), Ladbrokes owner GVC Holdings PLC (LON:GVC), DIY retailer Kingfisher PLC (LON:KGF) and home repairs insurance provider Homeserve PLC (LON:HSV) are to join the FTSE 100. They replace easyJet, Centrica, Meggitt and Carnival, which all missed last night’s cut.

Westminster Group (LON:WSG) has successfully conducted a trial of its fever screening solution at the Stockholm Arlanda airport in Sweden in association with Menzies Aviation and Air France. Passengers were screened as they presented their boarding passes at the departure gate.

Instem climbed higher as it reported it has been very busy in recent months despite the coronavirus pandemic. The software group has also been chosen to provide services to Biotoxtech, which runs the largest non-clinical research and development facility in South Korea, through a US$1mln contract.

BlueRock Diamonds’ (LON:BRD) output has rebounded strongly since the lockdown in South Africa ended. Production has averaged almost 2,000 tons per day since May 11 - up 65% on the average daily rate in the fourth quarter of 2019.

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