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Eli Lilly gets EUA for new antibody 'cocktail', which may cut deaths by 70%
Eli Lilly has clinched Emergency Use Approval in the US for an antibody treatment 'cocktail' that may reduce the risk of hospitalisation and death in high-risk patients by as much as 70%.
Sunday share tips: Greencore, Tritax EuroBox
It's always darkest just before the dawn, The Sunday Times's Sabah Meddings said of Greencore in her 'Inside the City' column.
Sunday newspaper round-up: Tax rises, Vaccines, EasyJet
Rishi Sunak laid the ground for tax rises today as he said it was time to “level with people” about the problems facing the economy. The chancellor confirmed he will extend coronavirus support in Wednesday’s budget but warned that the pandemic had an “enormous hold” on the economy. Speaking on Sky’s Sophy Ridge on Sunday he said: “We do have a challenge in our public finances and if we don’t do anything, borrowing will continue to be at very high levels — even after we’ve recovered from Covid, debt will continue to rise indefinitely and that’s not a good situation.
Europe close: Shares retreat as government bond yields extend gains
European shares finished lower on Friday as rising bond yields and fears of higher interest rates sent investors running for cover.
No evidence yet of 'inflationary psychology', University of Michigan says
Consumer confidence in the US picked up a tad in late February, but middle-income families were not overly confident regarding the prospects for a quick rebound in the economy, findings from a key survey revealed.
US personal incomes and spending surge as stimulus checks arrive
Americans splashed out at the start of 2020 as government stimulus checks began arriving in their mailboxes.
Sector movers: Defensives hit as US data triggers fresh rise in bond yields
Interest-rate sensitive Telecommunications and Electricity bore the brunt of selling in UK equities on Thursday, as the latest US jobless claims data surprised to the downside, pushing government bond yields on both sides of the Pond up to within a whisker of their 52-week highs.
Europe close: Stocks slip as US jobs data sends Treasury yields higher
European shares slipped on Thursday as investors remained cautious amid inflationary concerns, despite a deluge of corporate news and takeover speculation around UK packaging firm DS Smith.
GSK Covid-19 monoclonal treatment shows potential benefit for older patients
A phase two clinical study on GlaxoSmithKline's monoclonal antibody treatment against Covid-19 revealed a "potentially important" benefit in reducing respiratory failure in patients aged 70 or older.
KAZ Minerals posts rise in full-year sales on the back of higher commodity prices
KAZ Minerals reported modest full-year topline growth on the back of higher commodity prices, which more than offset lower output and sales volumes.
St.James's Place posts decline in full-year net inflows, but normal dividends resumed
St. James's Place posted lower results for the recently-ended full-year as the net inflow of funds slowed in the wake of the Covid-19 pandemic.
BAE Systems posts higher sales and profits, says outlook 'strong'
BAE Systems posted higher full-year sales and earnings while emphasising the diversification of its portfolio and "strong" outlook.
Thursday preview: ECB speakers, BAE Systems in focus
Financial markets' focus will shift towards this side of the Pond on Thursday as two top European Central Bank officials take to the podium against a backdrop of rising government bond yields.
Europe close: Stocks move higher after stronger-than-expected German GDP
European shares finished higher on Wednesday as stronger-than-expected German economic growth drove gains, investor sentiment was still tempered by inflationary fears.
Johnson and Johnson vaccine appears to be 'safe and effective'
Johnson & Johnson's Covid-19 vaccine got a boost on Wednesday in the form a positive evaluation from America's Food and Drug Administration.
Europe close: Stocks end on mixed note, German issues drag
European shares finished on a mixed note on Tuesday, as disappointing company earnings in Germany pulled the continent’s benchmark index lower.
Wednesday preview: Lloyds Banking Group in the spotlight
The flow of economic data is scheduled to slow in the middle of the week with the spotlight expected to fall on a final reading for German gross domestic product in the last three months of 2020.
BofA adds IAG to Europe 1 list on prospects for recovery in travel
Analysts at Bank of America added stock in IAG to their Europe 1 and Small and Medium Capitalisation best ideas lists on the back of the "successful" vaccine rollouts in the US and UK.
Federal Reserve's Powell says monetary policy will remain 'accommodative'
The head of the US central bank said policy would remain "accommodative" until labor market slack had been absorbed, potentially pointing to an extended period of low interest rates.
AstraZeneca and Pfizer vaccines cut hospitalisations significantly
The UK's vaccination programme is having "spectacular" success in reducing the number of serious illnesses, the results of a study showed.