Coronavirus Update

4th December 2020

Weekly Round Up

As we enter into the final month of 2020, the FTSE100 has seen a steady week of improvement, up 3%. The Government's announcement about plans to begin vaccinating as early as next week is providing some positive sentiment heading into 2021.The first order of 800,000 vacination doses is due in the coming days with plans for a mass rollout expected to follow.

Although this is good news, it is old news as far as the market is concerned with much of the re-rating of share prices taking place in early November following the initial vaccine success by Pfizer and BioNTech.

Meanwhile with the UK set to leave the EU on December 31 and with no deal yet to be agreed between the two parties, markets are trading cautiously. We have seen tensions this week as President Macron of France stands his ground over the sovereignty of fishing rights.

 

Risers and Fallers

Rolls-Royce Holdings is this week’s biggest riser among the FTSE100 constituents. The 21.7% rise in share price comes after the company announced its plans to transfer its Hucknall facility and workforce to ITP Aero, which it then plans to sell.

This week’s biggest faller is Unilever Plc. From Monday the consumer goods company began to solely trade on the London Stock Exchange with their Dutch shares ceasing trading last Friday. The shares fell 5.9% on the week.