Oil prices bounce back on Moderna vaccine hopes ahead of crucial Opec+ meeting November 16, 2020 Oil prices bounced back today as optimism over a new coronavirus vaccine compounded encouraging economic figures from China and Japan and encouraged traders. After picking up 10 per cent on the back of the news of an effective coronavirus vaccine, prices flagged on Thursday and Friday as growing numbers of Covid cases brought markets back [...]
Airline stocks take flight again on Moderna vaccine success November 16, 2020 Airline stocks took flight in the last few minutes as Moderna revealed that its coronavirus vaccine was 95 per cent effective. For the second Monday in a row, shares in listed carriers have soared on the back of announcements regarding vaccines. Last week Pfizer said that its vaccine, which it has developed with Biontech, was [...]
Nissan reportedly planning to sell stake in Mitsubishi Motors November 16, 2020 Nissan is reportedly mulling plans to sell all or part of its stake in fellow Japanese car giant Mitsubishi, in a move that would shake up the global car market. Two years on from the scandalous arrest of former chief exec Carlos Ghosn, the move would radically alter the global alliance between the two and [...]
Capita finance chief steps down November 16, 2020 Capita finance chief Patrick Butcher has today resigned after almost two years at the FTSE 250 outsourcer. The firm said that Gordon Boyd would step in as interim chief financial officer and executive director from 16 November. It added that Boyd has more than 30 years of experience working in business, and has been finance [...]
Vodafone hails ‘resilient’ first half despite Covid challenges November 16, 2020 Mobile giant Vodafone this morning hailed a “resilient” performance in the first half, saying that it had “increased confidence” in its full year outlook. Group revenue at the world’s second biggest mobile firm declined by 2.3 per cent to €21.4bn, with the acquisition of Liberty Global’s assets in Germany and Central Europe offset by lower [...]
Janssen begins stage three Covid vaccine trial in UK November 16, 2020 Janssen has today begun stage three trials of its coronavirus vaccine, the third such company to do so in the UK. 6,000 volunteers across the country will take part in the tests of the vaccine, which has been developed in partnership with US giant Johnson & Johnson. The trials come after Pfizer last week announced [...]
PNC to buy Spanish bank BBVA’s US arm for nearly $12bn November 16, 2020 PNC Financial Services confirmed this morning that it would buy the US arm of Spanish bank BBVA in one of the largest mergers in the sector in recent history. The deal will see the Pittsburgh-based company splash out $11.6bn (£8.8bn) for BBVA’s assets, creating a bank with around $560bn in assets. As a result of [...]
Commuters face hike in rail fares in New Year November 15, 2020 Commuters are facing the prospect of a New Year’s hike in rail fares as the cost of a multi-billion pound bailout of the country’s railways begins to be felt. For the first time in eight years, fares could rise by more than the rate of inflation when the new prices kick in next year. The [...]
Weekly outlook, 16-20 November: will FTSE rally continue? November 15, 2020 After the best week for the FTSE 100 since April, investors will be keen to see if markets can keep the rally going, with a slew of heavyweights set to report. Last Monday Pfizer’s announcement that its vaccine was 90 per cent effective in treating the coronavirus disease sent stocks soaring. Traders cheered the news, [...]
Aer Lingus set to snub Stobart Air over new deal November 14, 2020 Stobart Air looks set to stop running regional flights for Aer Lingus from 2023 after the Irish carrier suggested it was unlikely to renew its current contract. Yesterday Aer Lingus told the company that it would not be the preferred supplier for the new commercial arrangement. It came as it emerged that new carrier Emerald [...]
