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10 February
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Use AstraZeneca’s COVID-19 shot even in countries with S.African variant – WHO panel By Reuters

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By Stephanie Nebehay, Kate Kelland and John Miller GENEVA (Reuters) - AstraZeneca (NASDAQ:AZN)'s COVID-19 vaccine is safe and effective and should be deployed widely, including in countries where the South African variant of the coronavirus may reduce its efficacy, a World Health Organization panel said on Wednesday. In interim recommendations on the shot,...

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10 February
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Shift in euro shares from London to EU is bad for everyone, says UK By Reuters

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LONDON (Reuters) - The shift in euro share trading from London to the European Union since Brexit is damaging to all of Europe because it fragments markets, a top British Finance Ministry official said on Wednesday. "It's a broadly negative impact for Europe as a geography," Katharine Braddick, the finance ministry's director general for financial services, told an Afore Consulting webinar. ...

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10 February
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Italy’s Draghi-Fueled Bond Rally Has Legs for Barclays Analysts By Bloomberg

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(Bloomberg) -- Italy’s record-breaking bond rally still has room to run with Mario Draghi set to significantly reduce uncertainty over policy, according to Barclays (LON:BARC) Plc strategists. The bank suggests investors stick with bets for Italian bonds to outperform Spanish peers, a position it first recommended before the former European Central Bank President was lined up as the next...

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10 February
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UK to pay $4.8 billion more to remove unsafe cladding after Grenfell By Reuters

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LONDON (Reuters) - Britain said on Wednesday it would give an additional 3.5 billion pounds ($4.8 billion) to remove dangerous cladding on high-rise residential buildings, more than three years after the deadly Grenfell Tower fire in London. "This means the government is providing more than 5 billion pounds including a further 3.5 billion pounds announced today," Housing minister Robert Jenrick told parliament....

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10 February
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BlackRock Sees ‘Powerful’ Drivers for Emerging Europe Stocks By Bloomberg

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(Bloomberg) -- BlackRock Inc (NYSE:BLK)., the world’s biggest asset manager, sees a “powerful mix” of drivers for stocks in Europe’s emerging markets, including Covid-19 shot roll outs, stimulus measures and easy financial conditions. Valuations and investor presence in emerging European stocks remain “extremely low” and it’s time investors pay more attention to this equity class, Chris Colunga, co-manager of BlackRock’s 617 million euro...

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10 February
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Bank of England rules out big capital reduction for insurers after Brexit By Reuters

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LONDON (Reuters) - The Bank of England told insurers on Wednesday not to expect any big reduction in capital requirements after Brexit, adding that more capital could be "part of the answer" to meeting a 1.7 billion pound bill for COVID-19 claims. Britain is reviewing the "Solvency II" rules for firms like Aviva (LON:AV), RSA and Lloyd's of London insurance...

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10 February
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EasyJet calls on UK to outline path out of pandemic restrictions By Reuters

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LONDON (Reuters) - The British government needs to set out how it will unwind coronavirus border restrictions to give people the confidence to book flights after it introduced quarantine hotels, the head of easyJet (LON:EZJ) said on Wednesday. Johan Lundgren told a CAPA Live online aviation conference they had seen early indications of demand for summer holidays at the big...

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10 February
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Redrow profit jumps on virus-led suburban housing boom, resumes dividend By Reuters

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(Reuters) - British homebuilder Redrow (LON:RDW) Plc reported an 11% rise in first-half profit on Wednesday and resumed dividend payment, as demand jumped for its spacious suburban homes in the wake of COVID-19 pandemic. House building has been a bright spot for Britain's economy during the coronavirus criris as buyers benefit from low interest rates and a temporary tax break,...

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10 February
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‘This was your favourite programme’: private Polish media go off air to protest tax By Reuters

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WARSAW (Reuters) - Many private media outlets went off the air in Poland on Wednesday, running slogans like "This used to be your favourite programme", in protest against a proposed media advertising tax they say threatens media independence and diversity. The blackout came a day after many publishing groups objected to the planned tax in an open letter to authorities and...

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