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Lloyd's of London posts £900m loss as Covid claims could hit £6.2bn
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”.
Europe midday: Shares ahead as unappetising Deliveroo flops on debut
European shares edged higher at midday on Wednesday’s as investors found little appetite for Deliveroo’s stock market debut.
Europe open: No appetite for debutant Deliveroo from investors
European shares started Wednesday’s session cautiously as Deliveroo’s stock market debut failed to inspire investors.
Achilles Therapeutics prices IPO at $175m as Syncona keeps 27% stake
Syncona portfolio biopharma company Achilles Therapeutics said its US initial public offering (IPO) will raise $175. 5m (£127. 8mln).
Petropavlovsk forecasts fall in annual production
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.