Coronavirus Update

11th December 2020

Weekly Round Up

Sterling has fluctuated significantly as unsuccessful Brexit negotiations continued throughout the week increasing the chance of a no-deal Brexit. European Commission President, Ursula von der Leyen stated on Thursday that a no-deal situation is now more likely than not.

The resulting impact has seen the FTSE 100 fall 0.8% at the open on Friday, following a relatively flat trading week in which investors continue to brace themselves for news coming out of Brussels.

Risers and Fallers

Just Eat is up nearly 2% on the day (Friday 11th December) as the continued Covid-19 restrictions boost home delivery demand.

SSE has entered a deal to sell a 10% stake in the Dogger Bank Wind Farm to Eni for £202.5m, subject to adjustments. The proceeds will enable the company to deliver its low carbon growth plans. SSE is up 3.5% this week.

Rolls Royce has experienced significant fluctuations to its share price this year as lockdown measures cut demand for aviation. It's Power Systems business has experienced a significant drop in demand this year from non-governmental markets which is likely to be the main cause for the drop in share price. The shares are down nearly -10% this week.