Covid – 19
We can stop COVID-19: Moderna vaccine success gives world more hope

(Reuters) – Moderna Inc’s MRNA.O experimental vaccine is 94.5% effective in preventing COVID-19 based on interim data from a late-stage trial, the company said on Monday, becoming the second U.S. drugmaker to report results that far exceed expectations. Together with Pfizer Inc’s PFE.N vaccine, which is also more than 90% effective, and pending more safety data and regulatory review, […]

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Imperial Brands knocked by COVID-19 costs and vaping losses

Imperial announced a full-year payment of 137.7p, down a third on a year ago Imperial Brands PLC (LON:IMB) said additional costs for COVID-19 and losses in its non-tobacco arm hit its results for the year to end September 2020. Net revenues for the year dipped slightly to £7.99bn, while operating profits were 5.7% lower at £3.53bn. […]

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Covid-19: Global stock markets rocket on vaccine hopes

Stock markets have rocketed on hopes of a potential breakthrough in the search for a vaccine against Covid-19. Drugs firm Pfizer’s own shares leapt 14% after it said that preliminary analysis indicated that its coronavirus vaccine was 90% effective. Markets, already buoyed in response to a clear end to the US election, piled on gains […]

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Shell avoids loss with strong trading, wipes $17 billion off assets

LONDON (Reuters) – Royal Dutch Shell (RDSa.L) avoided its first quarterly loss in recent history, helped by a booming trading business, but announced nearly $17 billion in impairment charges reflecting a pessimistic outlook for oil and gas prices. Shell had warned last month it was set to slash the value of its oil and gas […]

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Unilever: Ice cream in, personal hygiene out in lockdown

People working from home have been eating more ice cream but neglecting their grooming habits, consumer goods giant Unilever has suggested. The firm said ice cream sales leapt 26% in the three months to June, but demand for shampoo and deodorant fell. It said it had seen strong “growth in home consumption of foods, ice […]

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Rio Tinto increases production and shipments of iron ore in spite of coronavirus

The mining giant continued to operate at all its locations through the pandemic Rio Tinto PLC (LON:RIO) has reported increased production and shipments of iron ore in the second quarter despite the coronavirus (COVID-19) pandemic amid a strong price environment. Overall, production volumes were up 1% year-on-year on a copper equivalent basis, with Pilbara iron ore production […]

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Asos to repay furlough cash as lockdown sales rise

Asos will repay cash to the government it claimed for furloughing workers after its sales grew in lockdown. The online retailer said that group sales increased by 10% to £1bn in the four months to 30 June. The rise was driven by shoppers in international markets, with sales in the UK dipping by 1%. It […]