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FIVE at FIVE: New era for UK space; BT upgraded; FTSE100, AstraZeneca to buy CinCor; Lloyds top for value seekers

Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news

1. Virgin’s Cornwall rocket launch ‘the start of a new era in our space sector’

The launch will be a symbol of progress for the country’s fast-growing space industry.

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2. BT upgraded to 'buy' as Citi sees trends improving

BT Group was hitting the right numbers today as the FTSE 100 listed telco was upgraded by Citi.

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3. FTSE 100 closes at highest level since August 2018

At the close, the FTSE 100 had hit a nearly four-year high of 7,725 points for a gain of 0.3% on the day.

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4. AstraZeneca to acquire CinCor for US$1.8bn

Astra said acquiring CinCor will bolster its cardiorenal pipeline by adding CinCor's candidate drug, baxdrostat,” which is currently being trialled.

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5. Lloyds Banking, IDS, Centrica top for value seekers, says platform

Lloyds Banking is the most popular value stock among its users, according to share trading platform Freetrade, followed by Legal & General, ASOS and Deliveroo.

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