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The FTSE 100 index made modest gains Monday as the UK awaits an update from prime minister Boris Johnson on whether the final Covid-19 restrictions will be lifted or delayed.
At 08:28, the FTSE 100 was up 0.53% to 7,171.65.
It is expected that Johnson will push back the lifting of the remaining restrictions to July as the Delta variant continues to push up case numbers.
Environmental infrastructure fund Jlen said it had acquired Cramlington Renewable Energy Development, owner of a biomass combined heat and power plant. Terms of the deal were not disclosed. The announcement pushed up Jlen's share price by 0.12% to 102.52p.
A Serco:Engie joint venture has been awarded UK Defence Infrastructure contracts with an estimated base value of £900 million and total potential value of £3.4 billion over an initial seven year term. Serco's share price was up nearly 5% at 142.40p.
Venture capital firm Draper Esprit reported a sharp jump in profit as income was boosted by increased in the value of its portfolio.
For the year ended 31 March 2021, pre-tax profit rose to £267.4 million from £40.5 million as income jumped to £288.8 million from £52.0 million year-on-year. Its share price, however, fell 1.67% to 825.00p.
Manx Financial Group's share price surged 6.12% to 8.49p as it increased its shareholding in Beer Swaps Limited (BSL), trading as Ninkasi Rentals and Finance, to 90% for a cash consideration of £0.3 million.
Biopharmaceutical company Faron Pharmaceuticals Oy said its cancer immunotherapy drug candidate bexmarilimab was granted a patent in the US.
The patent, No. 11,046,761, with claims protecting the composition of matter of bexmarilimab will be issued on 29 June, 2021. Its share price rose 8.84% to 400.00p.
Technology infrastructure company Alphawave IP reported its 'strongest-ever' first half performance following a record quarter of bookings in the second quarter.
Total bookings year to date have exceeded $190 million. This followed a record $82 million of bookings in Q1 2021 and bookings of $75 million in FY2021. Its share price increased 3.81% to 327.01p.
Alcoholic drinks maker Distil annual profit rose as a increased marketing spend help boost sales. For the year ended 31 March 2021, pre-tax profit attributable to shareholders rose to £243,000 from £182,000 year-on-year as turnover jumped 48% to £3.6 million. The announcement pushed its share price up by 10.22% to 2.48p.
Medical device company Creo Medical said it had exchanged contracts to acquire the freehold interest in the current site of Creo House, the company's main headquarters in Chepstow as well as the adjacent site for £4.25 million.