Market Report: FTSE sinks into the red despite US and Germany bourse gains

The Market Report with Katie Pilbeam.

FTSE 100 was mixed in early dealing despite of new records yesterday for stock markets in Germany and the US. London’s blue-chip index was flat at 6,731 in early trades.

Just Eat said it will take aim at soon-to float Deliveroo this year and try to grow its delivery market share. The Amsterdam-based giant said delivery orders jumped by 600% in the first two months of 2021 with takeaway orders up 88%. Annual losses in 2020 rose by 67%.

Battered airlines might soon a get a boost as Spain said it is considering allowing tourists with vaccine passports from May. Greece has already said vaccinated patients, those who’ve had had Covid others who have tested negative can visit from the 14th of May subject to no further outbreaks.

Reddit favourite Roblox looks set to spark another round of retail trading frenzy when it starts trading today on the New York Stock Exchange following a direct listing. No new money was raised, but the NYSE set a reference price for the platform business of US$45 so watch this space.

Among the small caps, In The Style Group (LON:ITS) has raised £49mln in its IPO, valuing the online fashion retailer at £105mln. It plans to start trading on March 15.

Induction Healthcare’s (LON:INHC) appointment service for the healthcare sector has already recorded one million bookings. The system was rolled out last October to schedule COVID-19 vaccinations for NHS staff.

Similarly, Sativa Wellness’s (LON:SWEL) COVID-19 testing business has achieved over £1.1mln worth of bookings. It operates in two company-owned facilities as well as in 13 clinics within pharmacies.

Story by ProactiveInvestors