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Rio Tinto pays dividend as iron ore prices soar
Soaring iron ore prices and better-than-expected interim profits allowed mining giant Rio Tinto to pay out a dividend.
Aveva revenue hit by Covid-19, transition to subscription model
Aveva Group said it delivered “strong growth” in recurring revenue during the first quarter on Wednesday, although its overall revenue was down amid the Covid-19 crisis, and as it transitioned its business model.
Sanofi and GSK to provide UK with 60m doses of Covid-19 vaccine
French pharmaceutical giant Sanofi and GlaxoSmithKline have agreed to provide the UK with as many as 60. 0m doses of their Covid-19 vaccine candidate, subject to final contract.
Jupiter Fund Management reports Q2 rise in net inflows, lowers payout ratio
Jupiter Fund Management saw its bottom line shrink by over a third during the first half of the year amid net outflows, but kept its dividend payout unchanged.
Barclays takes £3.7bn hit, Aveva revenue falls as it shifts business model
London open The FTSE 100 is expected to open nine points lower on Wednesday, having closed up 0. 4% at 6,129. 26 on Tuesday.
London pre-open: Stocks seen lower amid Covid worries, ahead of Fed
London stocks were set for a weaker open on Wednesday amid concerns about a second wave of Covid-19, as investors eye the Federal Reserve meeting later in the day.
Wednesday newspaper round-up: Ofgem, bank dividends, HSBC
The government should prepare to step in with targeted emergency support to help people and businesses that would be hardest hit by a second surge in coronavirus infections, a group of MPs has warned. Sounding the alarm over the uneven impact of the Covid-19 crisis, the commons business committee said there were major gaps in the financial support package rolled out by the government – especially for women and freelance and agency workers. – Guardian.