FTSE 100 closes up 0.5% as US opens strongly on recovery opt

24 May 2021 | 16:36pm
StockMarketWire.com - Bolstered by a rally in oil and bitcoin and a strong open on Wall Street, the FTSE 100 closed Monday up 0.5% at 7,051.59.
By 4.30pm UK time the S&P 500 in the US was up 1.1% at 4,200.50 amid increasing optimism over the recovery
Cinema group Cineworld firmed 3.2% to 89.6p after it said ticket sales for its opening weekend in the UK exceeded its expectations, led by the success of 'Peter Rabbit 2: The Runaway'.
Cineworld added that in the US, following the opening of an additional 167 cinemas, over 97% of its cinemas had resumed operations.
IT provider Kainos fell 1.6% to £13.89, erasing earlier gains, as its annual profit more than doubled thanks to strong demand for digital transformation services.

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