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London’s FTSE 250 was down 1% at 21,196. 85 in afternoon trade on Wednesday.
London’s FTSE 100 was down 0. 6% to 6,707. 93 in afternoon trade on Wednesday.
Jefferies upgraded London landlords Shaftesbury and Capital & Counties on Wednesday, arguing that they should benefit from a rise in consumer spending once Covid-19 restrictions are eased.
GlaxoSmithKline and Vir Biotechnology will expand their existing collaboration to include the research and development of new therapies for influenza and other respiratory viruses.
The European Commission has purchased an additional 150m doses of Moderna’s Covid-19 vaccine, due to be delivered in the third and fourth quarter of the year.
London stocks were still a little weaker by midday Wednesday as investors mulled an unexpected uptick in UK inflation.
Pfizer and BioNTech have agreed to supply the European Union with an additional 200 million doses of their Covid-19 vaccine.
London stocks edged lower in early trade on Wednesday as investors mulled an unexpected uptick in UK inflation.
UK inflation unexpectedly ticked higher in January amid a rise in the price of food and household goods, according to figures released on Wednesday by the Office for National Statistics.
Imperial Brands has appointed Lukas Paravicini as its new chief financial officer, with Oliver Tant due to step down after seven years in the role.
Signature Aviation has agreed to sell its Engine Repair and Overhaul (ERO) business to StandardAero for $230m.
London stocks were set to edge up at the open on Wednesday as investors mulled the latest UK inflation figures.
Millions of British Gas customers will be asked to pay almost £100 a year more for their gas and electricity after the regulator lifted its cap on energy bills. The UK’s biggest energy supplier confirmed that it would raise the price of its standard variable energy tariff by £97 a year, less than a fortnight after Ofgem said it would lift the cap to an annual average of £1,138 for a dual fuel bill. - Guardian.