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Lloyd’s of London said it expected 2020 payouts for insurance claims related to the Covid-19 pandemic to hit £6. 2bn as it reported pre-tax net losses of £0. 9bn in an “extremely challenging year”.
European shares edged higher at midday on Wednesday’s as investors found little appetite for Deliveroo’s stock market debut.
European shares started Wednesday’s session cautiously as Deliveroo’s stock market debut failed to inspire investors.
Syncona portfolio biopharma company Achilles Therapeutics said its US initial public offering (IPO) will raise $175. 5m (£127. 8mln).
Russian gold miner Petropavlovsk said it expected a fall in annual production with a lower third-party contribution due to a failure to secure enough concentrate for processing.