London stocks were set to rise at the open on Thursday after the Federal Reserve signalled it will keep monetary policy loose.
London open The FTSE 100 is expected to open 16 points higher on Thursday, having closed up 0. 91% at 6,885. 32 on Wednesday.
Prof Sarah Gilbert, the scientist who lead the team that created the Oxford/AstraZeneca coronavirus vaccine, is set for a payday of more than £20m as the biotech firm she co-founded prepares to float on the stock market in the US. Gilbert, who became a household name as a result of her work creating Oxford’s Covid-19 vaccine, owns 5. 2% of Vaccitech, a Oxford University spin-out company that owns the biotechnology behind the AstraZeneca vaccine and others for Mers, hepatitis B, the virus that causes shingles, and a range of cancers.
Wall Street finished mixed on Wednesday, as market participants sifted through the minutes of the Federal Reserve's latest policy meeting, which signalled a change in how the Fed would approach policy changes.