LONDON (Reuters) - British vaccines minister Nadhim Zahawi said on Wednesday he was unaware of a report that delegates from Group of Seven countries meeting in London this week were self-isolating because of a COVID-19 scare. Asked to by Sky News if he knew how many delegates were self-isolating, Zahawi said "I don't, I'm afraid...
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By William James and Andy Bruce LONDON (Reuters) -India's entire delegation to the Group of Seven summit in London is self-isolating after two of its members tested positive for COVID-19, the British government said on Wednesday. "Two delegates tested positive so the entire delegation is now self isolating," a British official said. "The meeting had been enabled by a strict set of COVID protocols, including daily testing of all delegates," the British official said. Indian Foreign Minister Subrahmanyam Jaishankar did not test positive for the virus, Sky News reporter Joe Pike said on Twitter. Jaishankar was...
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BERLIN (Reuters) -German fashion house Hugo Boss expects sales in mainland China to keep growing fast despite calls for a boycott of Western brands by Chinese consumers launched in late March over Western accusations of forced labour in Xinjiang. The company known for its smart men's suits saw first-quarter sales almost double in mainland China and it expects that momentum to continue unchanged despite the boycott calls, acting Chief Executive Yves Mueller told journalists. At least three Chinese celebrities said in March they were dropping Hugo Boss, and some internet users vowed to boycott the brand...
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By Samuel Indyk Investing.com – Shares in AIM-listed Omega Diagnostics have rallied on Wednesday morning after “positive” data for its Mologix Covid-19 lateral flow antigen test. Results from the 665-person study have been independently verified in Germany by FIND. FIND is a not-for-profit, World Health Organization collaborating centre for laboratory strengthening and diagnostics technology evaluation, seeking to find diagnostic solutions to overcome diseases of poverty in lower- and middle-income countries. The test was shown to have 100% specificity and 96.4% sensitivity (Cycle threshold lower than 25) compared with laboratory PCR testing. “This is great news for...
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By Devik Jain (Reuters) - London's FTSE 100 rose on Wednesday, supported by gains in heavyweight mining and banking stocks on recovery optimism, while shares of Croda International jumped after it announced a business review. The blue-chip index rose 1.1%, with the speciality chemicals group's shares gaining 2.6% after it announced a strategic review of two units that cater more to industrial customers as it shifts focus to consumer-care and life-sciences sectors. Miners provided the biggest boost to the index tracking higher metal prices. Anglo American (LON:AAL) added 2.7%, after Citigroup (NYSE:C)...
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LONDON (Reuters) - ITV (LON:ITV) said its advertising revenue was rebounding from the COVID-19 hit last year, with April up 68%, May expected to be up about 85% and June up between 85% and 90%, boosted by the Euros soccer tournament and the return of "Love Island". The British broadcaster said in a trading update on Wednesday that it expected total ad revenue for the first half to up around 26% on 2020, despite pandemic restrictions being in place for nearly all of the period....
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LONDON (Reuters) - Lloyd's of London insurer Hiscox (LON:HSX) recorded a 6.3% rise in gross written premiums to 1.26 billion pounds ($1.75 billion) in the first quarter, helped by strong growth in the firm's London market and Europe divisions, it said on Wednesday. Hiscox's board believes paying a dividend is a priority in 2021 and it will evaluate the situation ahead of interim results, the firm said in a statement. ($1 = 0.7196 pounds) ...
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(Reuters) - British challenger bank Virgin Money (LON:VM) reported improved half-year earnings on Wednesday, after setting aside less cash to cover pandemic-driven loan losses. The lender reported statutory pre-tax profit of 72 million pounds ($100.12 million) for the six months ended March 31, compared to a 7 million pound loss a year earlier when it made hefty provisions for potential soured loans. The company took an impairment charge of 38 million pounds in the half-year period, much lower than the 232 million pounds it saw a year earlier. ($1 = 0.7192 pounds) ...
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(Bloomberg) -- New Zealand’s central bank said it’s prepared to further tighten mortgage lending restrictions if needed to rein in the country’s red-hot housing market. The Reserve Bank would use loan-to-value ratios or new tools currently under consideration to restrict the amount of money banks can lend for house purchases, the RBNZ said in its semi-annual Financial Stability Report Wednesday in Wellington. The bank will be watching how the property market reacts to recent government policy changes, it said. “If required, we are prepared to further tighten lending conditions for housing using LVR requirements or...
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By Steve Gorman (Reuters) - A space-aged bottle of fine French wine, part of a case of Bordeaux that was literally matured in Earth orbit for 14 months, is being put up for private sale by Christie's, and the auction house estimates it may fetch up to $1 million. The unprecedented offering of the 2000 vintage Petrus, an exclusive, world-class red produced from Merlot grapes in the Pomerol wine-growing region of Bordeaux, was announced in London on Wednesday. "This bottle of Petrus 2000 marks a momentous step in the pursuit of developing and gaining a greater...
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