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Market Report: Happy new year, happy new vaccine as AstraZeneca/Oxford University jab gets rolled out

FTSE 100 opened with a jump in the first trading day of the new year although coronavirus infections continue to surge. London’s main index added 120 points to 6,580 in early trading. The UK has begun the rollout of the COVID-19 vaccine produced by AstraZeneca PLC (LON:AZN) and Oxford University.

More than half a million doses are ready for use today for the most vulnerable groups. The value of Bitcoin has reached all time highs and it’s now worth over £23,000. The cryptocurrency soared 300% over the last year.

Entain PLC (LON:ENT) has received an £8bn takeover offer from its partner in the US, MGM Resorts International (NYSE:MGM). However, the Ladbrokes owner said the figure is too low.

Among the small caps, Tiziana Life Sciences PLC (LON:TILS) has completed the trial to test its antibody for COVID-19 patients. Results will be available later this month and are expected to be positive.

Great Western Mining Corporation PLC (LON:GWMO) has announced the first pour of gold and silver at its Mineral Jackpot property. The project is located in Nevada.

Ncondezi Energy Ltd (LON:NCCL) agreed with China Machinery Engineering Corporation to be reimbursed for the project historical development costs. The pair are working on a coal-fired power project and coal mine in Mozambique.

 

Quick facts: AstraZeneca

Price: 7120 GBX

LSE:AZN
Market: LSE
Market Cap: £93.46 billion
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