X

X

Mortgage & Property

New Insurance Professional

Family Office Bulletin

Mortgage Property

Insurance Professional

Family Office

High bar set by rivals means AstraZeneca’s vaccine results disappoint investors

Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown:

‘AstraZeneca has been on a disappointing slide this morning, as the efficacy rates for its vaccine fell short of its rivals.

With the bar set high by Pfizer and Moderna, even though the late stage trials were better than expected, AstraZeneca’s shares didn’t get a booster shot after it said efficacy results came in on average at 70%.

However, depending on the doses given and the time frames between them, efficacy was as high as 90% and the vaccine is being sent for immediate regulatory approval. Regulators have already been crawling all over the data on a rolling basis so it’s hoped it’ll get the green light fast.

It has though added to the overall positivity washing around the financial markets about a faster end to the pandemic, with several options for health services around the world.

AstraZeneca has promised to distribute the vaccine at cost while the pandemic lasts and its also likely to face fewer logistical hurdles in the roll out as it can be stored long term at normal fridge temperatures.

So although the breakthrough is not going to end up boosting profits in the short term, it has got long term potential and this breakthrough will add to expertise in vaccines that AstraZeneca has lacked in the past.‘

This Week’s Most Read

  • Standard Life Aberdeen appoints Tracey Hahn as Chief People Officer  

      Standard Life Aberdeen (SLA) has announced the appointment of Tracey Hahn as Chief People Officer. Tracey will report directly to Stephen Bird, CEO of

  • Investing in the futures of young people: three investment management firms unite for a very good cause

    Three leading UK investment management firms, Standard Life Aberdeen, Baillie Gifford and Stewart Investors have collaborated with the charity Future Asset and the not-for-profit organisation

  • Why tax-efficient investing is good for your clients – and your business

    As clients look to maximise tax efficiency, there’s also a growth opportunity for advisers who look beyond ISAs and pensions Tax planning is an integral

  • Value rotation and rising inflation: Is now the time to back financials?

    Managers comment on the prospects for fintech challengers versus incumbents.  Fintech has been behind some of the fastest-growing businesses in recent years, buoyed by increased

  • Will this be the decade for Hydrogen?

    Randeep Somel: The race to ‘net zero’ emissions has taken a positive step as the world’s two largest emitters of carbon, China and the US,

  • How to invest today to meet tomorrow’s challenges

    In this video Maria Municchi explores how the sustainable multi-asset strategy combines M&G’s ‘episode’ approach, taking advantage of the opportunities that could arise from investors’

  • Is financial wellbeing predetermined by personality type?

    New study by Aviva finds 24% of employees made bad debt decisions during the Covid-19 pandemic. Research also indicates that certain personality types are predisposed

  • Inflation: What do the experts think?

    UK inflation continues to climb, the consumer price index surged to 2.1% in the 12 months to May, this is up from 1.5% in April

  • Keeping up with the big players – how IFAs can manage KYC compliance with limited resources

    Tony Machin, CEO of TrustID, discusses how IFAs can conveniently comply with KYC and AML requirements without the money and resources available to larger financial

  • Q&A with Richard Roberts, Oxford Capital

    In this in-depth video, IFA Magazine speaks to Richard Roberts, Director of Investor Relations at Oxford Capital about who, what and how they are investing

IFA Magazine

Keep updated on the most important financial events 

Make sure you are an informed

wealth professional..

Adblock Blocker

We have detected that you are using

adblocking plugin in your browser. 

IFA Magazine