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Tetra Bio-Pharma Inc (TSE:TBP) (OTCMKTS:TBPMF) (FRA:JAM1) expects to generate over C$47.5M from DanCann Pharma distribution deal HighGold Mining Inc (CVE:HIGH) (OTCQX:HGGOF) plans at least 16,000 metres of drilling in Alaska this year as it approves C$10M exploration budget CytoDyn Inc (OTCQB:CYDY) strikes agreement with AEIH in Brazil to run two coronavirus trials using its flagship drug leronlimab 2.39pm: Wall Street opens higher after ADP jobs data The main indices on Wall Street opened on the front foot on Wednesday after the latest ADP jobs report showed a surge in private sector hiring in April, although less than analysts had expected. ....
Omega Diagnostics reports positive results for COVID-19 test A look at the major movers on the London market on Wednesday 2.51pm: Healthcare group reports positive test results Omega Diagnostics Group PLC (LON:ODX) is in demand after announcing postive results for the Mologic COVID-19 lateral flow antigen test. The test, which Omega has launched for professional use under its Visitect brand, has been independently verified in a 665-person study in Germany by FIND, a World Heath Organisation collaborating centre. Omega said the test was shown to demonstrate best-in-class performance with 100% specificity and 96.4% sensitivity compared with laboratory testing. Chief executive Colin King said: This is great news for the Mologic test, which we are now producing under our Visitect brand. It is significant that the test has been shown to have high diagnostic accuracy on self-collected swab specimens. Rapid diagnostic tests play a crucial role in breaking t ....
FTSE 100 steady above 7000 level with Wall Street set to open higher Companies FTSE 100 steady above 7000 level with Wall Street set to open higher The index of UK-blue-chips in positive mood while US is set to make a positive start as investors await jobs and services data FTSE 100 up 81 points Dow to see early gains Croda higher on restructuring talk 12.35pm: US market expected to recover Wall Street is set to recover after Tuesday s caution as US Treasury Secretary Janet Yellen rattled the cages with talk of interest rate rises. The Dow Jones Industrial Average, which ended off its worst levels despite Yellen s comments, is expected to open 70 points or 0.22% higher at around 34,203 while the S&P 500 is forecast to rise by 0.3%. The Nasdaq Composite, which bore the brunt of Tuesday s selling and fell 1.88% as growth stocks fell out of favour again, is set to recover by around 0.5%. ....
SIG shares jump as it forecasts a return to profit A look at the major movers on the London market on Wednesday SIG PLC (LON:SHI) has come in from the cold sooner than expected. The insulation specialist said January and February had seen a solid start to the year, with sales volumes then picking up so that March and April traded ahead of expectations. So it now expects to deliver an underlying profit in the first half, turning round its losses more quickly than expected. It said: Whilst the evolving COVID-19 backdrop will continue to create uncertainty in the short term, more so in our EU markets than the UK, the strong demand across territories and sectors in the first four months of the year was encouraging and gives the board increased confidence for the full year performance. ....