Rolling live coverage of business, economics and financial markets as sterling hits a near-three-year high
- UK stocks drop as investors eye inflation risks
- German business confidence rises faster than expected
- Boeing grounds some 777 planes after engine failure
- Rio Tinto ex-boss received pay rise despite scandal
In case you missed it yesterday: Electric buses built by Arrival, the UK-based manufacturer, will be tested on British roads for the first time later this year in a trial with the transport company First Group.
Sanofi and GlaxoSmithKline (GSK) have announced they will start phase 2 studies of their coronavirus vaccine candidate, after their efforts were delayed at the end of last year.
The French and British pharma companies previously found that the vaccine produced an “insufficient” response in over-50s, but on Monday they said in a statement that they were confident in its potential, and hoped to gain regulatory approval in the fourth quarter of 2021.
We are confident that our vaccine candidate has strong potential and we are very encouraged by the latest preclinical data. This new Phase 2 study will enable us to identify the final vaccine formulation for adults of all ages.
Continue reading… Source: The Guardian: Stock markets cautious ahead of UK Covid lockdown exit plan – business live ———