Morning Report: Easyjet grounds entire fleet of aircraft; Loganair asks for financial help

Headlines from the Proactive UK newsroom.

Easyjet has grounded its entire fleet of aircraft due to the lockdowns caused by the coronavirus outbreak. Its last rescue flight landed yesterday.

Another regional carrier, Loganair, has asked the government for financial help to survive the crisis. Virgin Atlantic is also expected to ask for a bailout this week.

Astrazeneca has ended a trial for a treatment for patients with chronic kidney disease early because it was so successful. Farixga delivered an overwhelming benefit in those with type-2 diabetics and non-diabetics said the independent monitors.

Bidstack (LON:BIDS) says interest in its in-game advertising technology has rocketed with the restrictions on peoples’ movements. Game playing has surged and Bidstack is seeing high demand from ad agencies and elsewhere.

Ergomed (LON:ERGO) is to provide drug safety services through its PrimeVigilance arm for an ongoing US clinical trial to assess the effect of a rheumatoid arthritis treatment on patients with severe COVID-19 infection. The rapid initiation of clinical trials and establishment of appropriate safety monitoring will be critical to providing new treatments.

Union Jack Oil (LON:UJO) says economic modelling of the Biscathorpe project in Lincolnshire indicates a value of £55.6mln and that it will be commercial at an oil price over US$18 a barrel. Union Jack has a 27.5% stake.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of BidStack Group PLC named herein, including the promotion by the Company of BidStack Group PLC in any Content on the Site, the Company receives...


Alpha Growth's BlackOak Alpha Growth Fund generates positive returns despite...

Alpha Growth PLC (LON:ALGW) (OTCQB: ALPGF) CEO Gobind Sahney tells Proactive the financial services specialist's BlackOak Alpha Growth Fund produced a 2020 calendar year return of 10.63% and a 13.71% total return since inception in September 2019. Sahney says given the challenges of 2020, its...

6 hours, 21 minutes ago

2 min read