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Hot Off The Wires - 6th May 2021

News


  • The Biden administration has backed a plan to temporarily waive intellectual property rights for Covid-19 vaccines in an effort to boost supply to developing countries; shares in leading manufacturers of coronavirus treatments fell following the news.

  • The fitness technology group Peloton has recalled its treadmills after reports of injuries and one death involving the machines, sending shares in the company to a seven-month low.

  • DHL has raised its earnings guidance again for a third time this year, after the ecommerce boom powered one of the world’s largest logistics companies to its best-ever first quarter.

  • ITV is predicting a summertime ad boom, with revenues expected to be up as much as 90% year on year, fuelled by the return of must-watch content including Love Island and football’s European Championship.

  • Croda International, the FTSE 100 chemicals company, has announced plans to break itself up.


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