Stock markets cautious ahead of UK Covid lockdown exit plan – business live

Rolling live coverage of business, economics and financial markets as sterling hits a near-three-year high

11.19am GMT

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.

Related: Electric busmaker Arrival schedules first UK road trial

10.59am GMT

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 ———