Estimate, a racehorse owned by the Queen and trained by Sir Michael Stoute, has tested positive for morphine, a prohibited substance, Buckingham Palace announced.
Initial indications are that the positive test resulted from the consumption of a contaminated feed product, the palace said.
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Philip Hammond has dismissed concerns that abolishing stamp duty for first-time buyers will push up house prices.
Elsewhere it will be largely sunny, though with gusty winds at times, and a few showers likely in places.
Heavy rain has caused widespread flooding and travel disruption across north west England and North Wales.