Market Pulse
AstraZeneca completes licensing agreement with LEO Pharma
AstraZeneca has completed a licensing agreement with LEO Pharma, a specialist in dermatology care, for the global licence to monoclonal antibody tralokinumab in skin diseases.
Newspaper round-up: More Brexit worries, pension schemes, BT, sugar tax
The pound dropped close to its lowest levels since the Brexit vote as markets braced themselves for hard evidence this week that the UK economy has been knocked off course by the decision to leave the EU. Sterling dropped half a per cent to $1. 2874 against the dollar, dipping to its July 11 low and close to the $1. 2798 it reached on July 6, which was the lowest since 1985. Bearish sentiment intensified as markets prepared for a blizzard of official UK economic news on inflation, employment, retail sales and the health of the public finances, offering the first indication of the state of the economy since the referendum vote.