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GSK posts promising results from gonorrhoea treatment trial
GSK unveiled encouraging outcomes from a pivotal phase three trial on Wednesday, on the potential of gepotidacin as an oral treatment for uncomplicated urogenital gonorrhoea (GC), amid escalating resistance to current therapies.
Antofagasta reports 11% drop in first-quarter output
Copper miner Antofagasta said output fell in the first quarter due to lower grades and maintenance activities at two of its main projects, while the cost of production rose.
De Beers diamond sales fall in cautious market
Provisional rough diamond sales from Anglo-American's De Beers' unit fell to $445m in the third sales cycle compared with $542m a year ago amid a subdued market.
Entain sees 'strong' performance in many markets during Q1
Entain reported an in line performance for its first quarter.
London pre-open: Subdued start expected after huge sell-off
UK stocks were expected to open flat on Wednesday, as markets pause for breath following the previous session's sell-off which sent the FTSE 100 to its lowest level in four weeks.
Rio Tinto holds guidance despite lower Q1 iron ore production
Mining giant Rio Tinto on Wednesday held annual production guidance, despite a sharp fall in first-quarter iron ore shipments and production.
Wednesday newspaper round-up: IMF, champagne, Boeing, Plus500, Trump Media
Rising energy prices and disruption to international shipping risk “stalling” declines in inflation in leading economies, the International Monetary Fund has warned, telling central banks that the “last mile” of their battle against price rises may be the hardest. In its latest assessment of global financial stability, the IMF said markets were vulnerable to another round of volatility if investors continued to push back their expectations for interest rate cuts this year, leading to falls in bond and stock prices.
Rio Tinto holds production guidance, GSK upbeat on gepotidacin trial
London open The FTSE 100 is expected to open four points lower on Wednesday, having closed down 1. 82% on Tuesday at 7,820. 36.