FTSE 100 rises despite steepest drop in house prices for 11 years

Headlines from the Proactive UK newsroom.

The FTSE 100 rose 50 points to 6,214 on hopes the government might scrap its planned 14-day quarantine rule for travellers arriving in Britain. According to the BBC, ministers are looking for ways around the rule with a relaxation potentially from 20 July.

‘s () chief financial officer Alan Stewart has decided to retire after six years at the grocery store. Chief executive Dave Lewis leaves in October to be replaced by Walgreen’s Ken Murphy.

UK house prices recorded their steepest fall in eleven years in May, according to Nationwide. The building society said prices fell by 1.7% month-on-month.

Intu Properties () shares jumped as the Trafford Centre and Metro owner predicted it had cash to survive until the end of 2021 even with a slump in rental collections this year.

() has highlighted “high levels” of growth in its licensing revenues across April and May. The gaming software developer says earnings in 2020, will be “significantly ahead of current market expectations”.

Read More: FTSE 100 rises despite steepest drop in house prices for 11 years

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