Latest News

UK pre-market stocks update – AstraZeneca, Playtech, Ocado, Covid Update

© Reuters

By Samuel Indyk

Investing.com – At 07:17GMT, FTSE 100 futures are trading lower by 0.2% at 7422.

In FX markets, GBP/USD is trading at 1.3539, EUR/GBP is trading at 0.8345. The US Dollar Index is down 0.1%.

Bitcoin is trading at $46,433.

Today’s calendar highlights include Eurozone Services PMI, Canadian Building Permits, US Services PMI, Crude Oil Inventories, FOMC Meeting Minutes.

Coronavirus

UK Prime Minister Boris Johnson said there was a “good chance” he would not impose new coronavirus restrictions for England despite a surge in cases. Johnson added that parts of the NHS could feel “temporarily overwhelmed” due to the spread of Omicron. He also announced plans for 100,000 critical workers – including food processing and border force – to take daily tests.

Stocks

AstraZeneca (LON:AZN) – AstraZeneca has completed the transfer of its global rights to Eklira and Duaklir to Covis Pharma. AstraZeneca received a payment of $270 million from Covis Pharma and will also receive payments in respect of certain ongoing development costs related to the medicines.

Playtech (LON:PTEC) – Intends to adjourn the Court and General Meetings relating to the offer for Playtech by Aristocrat Leisure Limited, previously scheduled for 12 January 2022, to the new date of 2 February 2022. Playtech and JKO Play Limited have requested the Panel set a revised deadline, aligned to this new date for the Shareholder Meetings, by which JKO must clarify its intentions in relation to Playtech. Previously, Playtech had agreed to a takeover by Aristocrat. JKO made a preliminary approach for Playtech and talks are “progressing”.

Oxford BioMedica (LON:OXB) – Signed a new License and Supply Agreement with Cabaletta Bio granting Cabaletta Bio a non-exclusive license to Oxford Biomedica’s LentiVector platform for its application in Cabaletta Bio’s leading Chimeric AutoAntibody Receptor (CAAR) T programme, DSG3-CAART. Financial arrangements of this agreement are in line with comparable deals the Group has previously secured.

Airtel Africa (LON:AAF) – Closed first transaction to sell its telecommunications tower assets in Tanzania to a joint venture company owned by a wholly-owned subsidiary of SBA Communications Corporation (NASDAQ:SBAC). The gross consideration for the transaction will be $176.1 million.

Ocado (LON:OCDO) – Upgraded to buy from hold by Berenberg.

London Stock Exchange Group (LON:LSEG) – Upgraded to buy from neutral at Citi.

Ferguson (LON:FERG) – Upgraded to buy from hold by Berenberg.

InterContinental Hotels Group (LON:IHG) – Upgraded to buy from neutral by UBS.

UK pre-market stocks update – AstraZeneca, Playtech, Ocado, Covid Update

Disclaimer:Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

You may also like

Leave a reply

Your email address will not be published.

More in Latest News