The Friday Interview: Oliver Peyton’s Unknown Pleasures November 13, 2020 Cocktails in a can are more than just gin-in-a-tin, says Oliver Peyton, the celebrity chef and entrepreneur behind a new line of premium, ready-to-drink cocktails. Unknown Pleasures launched in October – he spoke to City A.M.’s Andy Silvester about why hitting the ground running during lockdown is the right thing to do. We all know [...]
Pfizer boss sold $5.6m in stocks on day of vaccine announcement November 12, 2020 Pfizer’s chief executive sold shares worth more than $5.6m (£4.2m) on the same day the US drugmaker made the breakthrough announcement that its coronavirus vaccine was 90 per cent effective. Albert Bourla sold more than 130,000 shares on Monday as part of scheduled plans to offload some of his stake in Pfizer, according to a [...]
Wall Street closes just shy of record on renewed hopes of Covid-19 vaccine November 9, 2020 Wall Street surged ahead today as news of the first successful late stage Covid-19 vaccine trials bolstered hopes of the global economy emerging from a year of pandemic-driven crisis, with the S&P 500 and Dow Jones opening on record highs. News that Pfizer’s experimental vaccine was found to be more than 90 per cent effective [...]
Market surge crashes trading platforms on ‘busiest ever day’ November 9, 2020 Investors trying to cash in on today’s market surge were left disappointed after some of the major trading platforms crashed due to overwhelming demand. Pharma giant Pfizer today announced that early studies of its coroanvirus vaccine are 90 per cent effective which sent markets into a frenzy. The FTSE 100 shot up, closing up 4.67 [...]
Gold prices slump as Pfizer vaccine propels risk appetite November 9, 2020 Gold prices shed more than two per cent today as Pfizer’s announcement that its Covid-19 vaccine was 90 per cent effective in trials lured investor appetite away from safe haven assets. Spot gold slipped 2.2 per cent to $1,908.55 per ounce this afternoon, while US gold futures fell 2.3 per cent to $1,908.90, marking its [...]
Winners and losers: Stocks soaring AND plummeting as Pfizer reports Covid-19 vaccine breakthrough November 9, 2020 US pharma giant Pfizer reporting today that early studies of its Covid-19 vaccine are 90 per cent effective has sent markets into a frenzy, with travel and hospitality stocks shooting up while food delivery services and video conferencing software providers plummeted. Jet engine maker Rolls-Royce saw the biggest change on the FTSE 100, surging 43 [...]
Pfizer vaccine: ‘A good news day’ for markets, say analysts November 9, 2020 Global stock markets catapulted this afternoon on news that Pfizer’s coronavirus vaccine saw a 90 per cent success rate in clinical trials, as analysts welcomed the announcement as a “boost for hopes of a return to normality”. The prospect of a vaccine electrified world markets, with S&P 500 futures hitting a record high and tourism [...]
Covid: Downing Street ‘optimistic’ about Pfizer vaccine breakthrough November 9, 2020 Downing Street is “optimistic” Pfizer’s Covid vaccine breakthrough will be approved by UK regulators, however they warned no decisions can be made before safety data is published by the company. Boris Johnson’s official spokesman told journalists today that the UK has 40m units of Pfizer’s vaccine trial on order if approved by UK regulators, with [...]
Airline stocks soar on Pfizer Covid-19 vaccine breakthrough November 9, 2020 Airline stocks soared this morning after US pharmaceuticals giant Pfizer reported that early studies suggested its Covid-19 vaccine is 90 per cent effective. Pfizer and its German partner BioNTech are the first firms to show successful data from a large-scale clinical trial of a coronavirus vaccine. The companies said they have so far found no [...]
English airports will close without government support, AOA warns November 6, 2020 The Airport Operators Association (AOA) has written to the Prime Minister to call for urgent support to help protect airports following restrictions on international travel announced as a part of England’s second national lockdown. In a letter to Boris Johnson the trade body said airports would like to remain open throughout the lockdown, but without [...]