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FTSE falls back down to earth after vaccine injected highs

FTSE 100 started the last day of the week on the back foot as positive vaccine news are now archived in the past. London’s leading index dropped 44 points to 6,294 in early trades.

Tesco PLC (LON:TSCO) is speeding up environmental goals and plans to reach net-zero carbon emissions by 2035, instead of 2050. It will set up three new solar farms and an electric delivery fleet.

The US have halted the ban on TikTok that would have come into force on Thursday night. If implemented, US residents would have not been able to download the app, which counts 100mln users in the country.

Manchester United PLC (NYSE:MANU) released its financial results a day early due to an error by communications firm Toppan Merrill. The football team saw revenue plummeting 92% amid the pandemic.

Among the small caps, Synairgen PLC (LON:SNG) published further positive results on its COVID-19 drug candidate on prestigious scientific journal The Lancet. The drug could help patients who have a combination of respiratory viruses during winter months.

Alien Metals Ltd (LON:UFO) has begun a detailed survey of the Donovan 2 copper-gold project in Mexico. The miner looks to add detail to the project’s resource.

Fellow miner Vast Resources PLC (LON:VAST) has increased the size of its exploration target at the Baita Plai polymetallic mine in Romania. The estimate of the whole project is now 3.2mln to 5.8mln tonnes.

Quick facts: Tesco PLC

Price: 228.98 GBX

Market: LSE
Market Cap: £17.7 billion

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