Latest News: Unilever bumps up prices by over 4% as it deals with cost inflation

European stocks fell as markets opened on Thursday, following Asian shares lower as investors worried about the fate of highly indebted property developer Evergrande and global upticks in Covid-19 cases.

The broad-based Stoxx 600 index fell 0.4 per cent, as did the UK’s FTSE 100, which was pulled down by mining stocks such as Rio Tinto and Anglo American.

Bonds were little moved, with the yield on the benchmark 10-year German bund flat at minus 0.12 per cent and the equivalent 10-year UK gilt ticking up 0.01 percentage points to 1.15 per cent.

Covid-19 cases have begun ticking up again globally, spurring speculation that authorities will impose further restrictions on activity. Singapore announced an extension to its coronavirus measures on Wednesday, while daily new cases in the UK are above 45,000.

Energy prices eased on Thursday after weeks of rises on the back of global supply shortages, with global oil benchmark Brent crude falling back 0.7 per cent to $85.16 a barrel. US benchmark West Texas Intermediate also fell 0.5 per cent.

The euro fell 0.1 per cent against the dollar to purchase $1.16 while the pound drifted 0.2 per cent lower to $1.38.

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AN HOUR AGO13:19
UK government urges people to book third Covid jab
Leke Oso Alabi

A UK health minister has urged people to “book yourself in” for a Covid-19 booster shot rather than wait to be called up as pressure intensifies on the government to stave off rising Covid-19 infections in England.

A third coronavirus jab can be administered about six months after the second one was received.

“It’s not just about waiting to be invited,” health minister Edward Argar told Sky News on Thursday. “If you get to the six months plus one week [period], go on the national booking system and book yourself in.”

Argar called the “huge pressure” facing the NHS “sustainable”.

“Get the jab, that’s the best way to ease the pressure on the NHS,” Argar told BBC Radio 4’s Today programme.

Hospitalisations have risen 11 per cent over the past seven days, with 869 being admitted with Covid-19 on Wednesday, the latest figures on the government website said. The daily coronavirus death toll slipped from a six-month high on Wednesday with 179 recorded. However, over the past seven days, the tally has risen 21 per cent.

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