European Medicines Agency to Wait for Data Before Recommending Vaccine Mixing
The European Medicines Agency will wait for more data before releasing definitive recommendations on the proposed mixing of COVID-19 vaccine doses, according to a Wednesday news release. The EU regulator noted preliminary data from studies in Spain, Germany and the UK in which the vaccine mix and match demonstrated a Continue Reading
UK inflation tests BoE as it jumps to highest since 2018
* June CPI rises to 2.5% from 2.1% in May * Reuters poll had pointed to 2.2% increase * Fuel prices up 20% yy, biggest jump since 2010 * Bank of England sees CPI exceeding 3% (Adds further market reaction, house prices) By David Milliken and William Schomberg British inflation Continue Reading
FTSE 100 muted as heavyweight banks reverse course; virus worries persist
* British Land drops on plans to scrap rent concessions * BP drops on plans to buy full ownership of Thorntons JV * Howden Joinery hits record high on upbeat earnings updates * FTSE 100 flat, FTSE 250 adds 0.1% By Shashank Nayar London’s FTSE 100 ended on a quiet Continue Reading
Take off: Ryanair to recruit 2,000 pilots as it prepares for travel market recovery
Take off: Ryanair to recruit 2,000 pilots as it prepares for travel market recovery – CityAM : CityAM
Pfizer says a third shot of its vaccine is even more helpful in combatting COVID-19
the firm says a third shot increases neutralizing antibody levels CNBC has more:Pfizer / BioNTech says they are developing a Covid-19 booster shot intended to target the delta variant developing an updated version of the vaccine.“As seen in real world evidence released from the Israel Ministry of Health, vaccine efficacy has Continue Reading
UK’s Persimmon sees sustained housing demand beyond tax holiday
British homebuilder Persimmon Plc reported higher half-year revenue on Thursday and said it expected housing demand to remain robust beyond a tax holiday, as customers sought bigger homes after saving more during the lockdowns. Government incentives such as the tax break, which ends in September, and a mortgage guarantee scheme, along Continue Reading
Deutsche Bank launches indexes to track 21 emerging market currencies
(Reuters) – German lender Deutsche Bank said on Tuesday it launched a new set of foreign exchange (FX) indexes to track 21 emerging market (EM) currencies, indicating a growing relevance and importance of developing markets in the global economy. The set of four new non-tradable FX indexes would track EMs that Continue Reading
ECB open to giving banks more time to rebuild capital buffers
The European Central Bank is open to giving banks in the euro zone more time to rebuild capital buffers if the current crisis leads to a material deterioration of asset quality, ECB bank supervisor Andrea Enria said on Monday. “We plan to stick to the flexibility that we provide banks, Continue Reading
Sydney Airport gets $16.7 bln buyout bid as investors take longer-term view on travel
By Jamie Freed and Scott Murdoch A group of infrastructure investors has proposed a $22.26 billion ($16.7 billion) buyout of Sydney Airport Holdings Pty Ltd , the operator of Australia’s biggest airport, taking a longer-term view on the pandemic-battered travel sector. Record-low interest rates have led pension funds and their investment Continue Reading
BoE’s Bailey warns against over-reaction to rising inflation
LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Thursday it was important not to over-react to a rise in inflation that was likely to prove temporary during Britain’s economic recovery from the COVID-19 crisis. Echoing the message from the BoE’s June policy meeting last week, Bailey said the Continue Reading