FTSE opens 0.2% higher as reopening hopes tempered by inflat

24 May 2021 | 08:32am
StockMarketWire.com - UK stocks made modest gains in early dealings on Monday as local businesses continued to report a bounce back in trading activity after lockdowns eased.
At 0820, the benchmark FTSE 100 index was up 15.56 points, or 0.2%, at 7.033.61.
Cinema group Cineworld firmed 3.1% to 89.55p 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 rallied 2.6% to £14.49 as its annual profit more than doubled thanks to strong demand for digital transformation services. Food packing business Hilton Food gained 0.7% to £12.38 on announcing a 'strong' start to the year that had put it on track to meet its profit expectations.

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