Market Report: FTSE follows Wall Street rally after global sell off

FTSE 100 wiped out some of Thursday’s losses at open after a rally on Wall Street, with traders awaiting US retail sales data later today. London’s leading index jumped 41 points to 7,005 in early trading.

Airbnb Inc (NASDAQ:ABNB) has seen an increase in bookings in countries where the vaccine rollout is progressing well, such as the UK and the US. First-quarter net loss was US$1.2bn despite revenues topped 2019 levels.

Sanne Group PLC (LON:SNN) has rejected a takeover offer by private equity firm Cinven which valued the financial services provider at £1.3bn. Cinven has to make another offer or withdraw its interest by 11 June.

Argo Blockchain PLC (LON:ARB) has signed a climate accord in partnership with DMG Blockchain Solutions. The scope is promoting the decarbonisation of the cryptocurrency industry.

e-Therapeutics PLC (LON:ETX) raised £22.5mln in an equity funding, comprising a placing and a retail offer. The company initially announced a £20mln funding after market close on Thursday then this morning confirmed it had raised additional funds.

Mailbox REIT PLC (LON:MBOX) has become the first company to list on the IPSX specialist property exchange, with a valuation of £84.85mln. The company, which owns the Mailbox, a large prime office-led mixed-use property in Birmingham, has been admitted to the FCA-regulated Wholesale segment of the IPSX.

Bushveld-Minerals-Ltd (LON:BMN) has completed the previously notified essential maintenance at its Vametco asset in South Africa. The vanadium price has continued to rise following a strong start to the year, noted the miner.

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