Three things you need to know in the financial markets this morning from investment writer, Tony Cross.
World High Life
Slim pickings in corporate news this morning, but Aquis-listed World High Life [AQSE:LIFE] has reported a sharp increase in July’s sales figures for its London-based CBD brand, Love Hemp. Income was up 57% year-on-year, with online channels continuing to perform well. The company notes that consumers are increasingly turning to natural health remedies to cope with anxiety, something which has understandably been elevated during the COVID pandemic.
Avon Rubber [LON:AVON] has today updated the market with news of a contract award for the NATO Procurement Agency. This is to supply a range of masks and air filtration systems, runs for 10 years and will start having an impact on the bottom line in the 2021 financial year. No details of the value of the contract are available.
One company that caught the eye this morning was Fusion Antibodies [LON:FAB] with its final results. As the name hints, they are playing a part in the fight to find a solution for COVID-19. The company has recently introduced a new service, which can improve the structure and performance of antibody-based drugs. That’s helped drive revenues up from £2.2m to £3.9m, whilst also cutting losses from £1.3m to £0.7m. This could warrant a closer look at the full statement.
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