Britain’s FTSE is expected to open lower despite having secured 5 million doses of an experimental coronavirus vaccine developed by Moderna Inc. The earliest doses
expected for delivery in spring.
The news comes after European Union diplomats warned Britain on Monday that time was fast running out for a Brexit deal. Britain has been warned that iit may already be too late to ratify a deal, as negotiators in Brussels began a last-ditch attempt to avoid a tumultuous exit at the end of December. However, David Frost the UK’s chief negotiator, has told Boris Johnson to get ready to agree on a deal next week according to The Sun.
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7.45am update: easyJet hit by first ever losses
Low-cost carrier easyJet has slumped to the first ever full-year loss in its 25-year history as the coronavirus crisis sent it nosediving into the red by £1.27 billion.
The group’s pre-tax loss for the year to September 30 comes after passenger numbers halved to 48.1 million as the pandemic crippled the aviation industry.
It warned it expects to fly no more than around 20% of planned services in the first quarter of its year to next September as a relentless second wave of the pandemic batters demand.
EasyJet’s losses compare with profits of £430 million the previous year.
More to follow…