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London’s FTSE 100 was up 1. 6% at 6,420. 23 in afternoon trade on Monday as investors cheered news that a Covid-19 vaccine by Moderna has been shown to be 95% effective.
US home improvement retailer Home Depot has agreed to buy HD Supply Holdings, a distributor of maintenance, repair and operations (MRO) products to the multifamily and hospitality end markets, in a $8bn deal.
London’s FTSE 250 was up 2% at 19,649. 77 in afternoon trade on Tuesday after US biotech firm Moderna said its Covid-19 vaccine had been shown to be 95% effective.
Manufacturing activity in the New York jurisdiction unexpectedly deteriorated in November, according to a survey released on Monday.
PNC Financial Services has agreed to buy the US operations of Spain’s Banco Bilbao Vizcaya Argentaria for $11. 6bn in cash.
London stocks were still in the black by midday on Monday, with sentiment underpinned by vaccine optimism and solid Chinese data.
Sports betting technology business Sportech has agreed the conditional sale of its Sports Haven property in New Haven, Connecticut, to Criterion Group for $6. 75m (£5. 1m) in cash.
Outsourcer Capita said on Monday that chief financial officer Patrick Butcher has decided to step down with immediate effect to pursue other opportunities.
London stocks rose in early trade on Monday, with sentiment underpinned by vaccine optimism and solid Chinese data.
Diversified engineer Smiths Group said on Monday that it was on track to meet market expectations for the full year as it reported a dip in first-quarter revenue.
London stocks were to gain at the open on Monday, taking their cue from a positive session in Asia.
Eight months since the UK coronavirus lockdown forced the temporary closures of restaurants, bars, shops, hairdressers and other small businesses, thousands who are still awaiting payouts from their insurers to cover lost income will hope a supreme court hearing will result in a ruling that favours about 200,000 policyholders. Most have not received a penny despite having business interruption insurance, a key part of commercial policies which is supposed to pay out if a firm cannot trade as usual owing to an unexpected event.