06 May

Sticky

UK working with U.S., WTO on boosting COVID vaccine supply By Reuters

Posted by admin

in News

LONDON (Reuters) - Britain is discussing ways of increasing production and supply of COVID-19 vaccines with the United States and World Trade Organization, a government spokesperson said on Thursday after Washington supported waiving their intellectual property rights. President Joe Biden threw his support behind waiving intellectual property rights for COVID-19 vaccines on Wednesday, bowing to mounting pressure from Democratic lawmakers and more than 100 other countries, but angering pharmaceutical companies. "The UK is working with WTO members to resolve this issue. We are in discussions with the U.S. and WTO members to facilitate increased production and...

06 May

0 Comments

Sticky

What to expect from today’s Bank of England decision By Investing.com

Posted by admin

in News

By Samuel Indyk Investing.com – The Bank of England is today expected to unanimously keep the bank rate on hold at a record low of 0.1%. The central bank will also unanimously vote to keep its QE total unchanged but they could slow the pace of purchases as the economy continues to show signs of improvement. The Bank of England has been purchasing £4.44bln worth of bonds three times a week since August last year, taking total purchases to around £798bln, around £77bln below the full envelope which it plans to reach by the end of...

06 May

0 Comments

Sticky

Sterling waits for BoE decision on slowing emergency support By Reuters

Posted by admin

in News

LONDON (Reuters) - Sterling hovered around the $1.39 mark as traders waited for a Bank of England policy meeting later on Thursday where the central bank will say the British economy is rebounding strongly and that it might begin to slow its bond-buying. The BoE will announce its latest economic forecasts at 1100 GMT when it is expected to keep its benchmark interest rate and its bond-buying programme unchanged, for now, but could announce that it is slowing the pace at which its buys bonds. Slowing that pace would represent a moderate step towards the...

06 May

0 Comments

Sticky

UK says 4.2 million jobs on furlough at end of March By Reuters

Posted by admin

in News

LONDON (Reuters) - British employers had registered 4.2 million jobs as being on furlough on March 31, down from 4.7 million on Feb. 28, provisional tax office data showed on Thursday. The total number of jobs on furlough peaked at 8.9 million in May 2020 and fell as low as 2.4 million in October, before the government reimposed lockdown restrictions. ...

06 May

0 Comments

Sticky

Britain’s Next cautions post-lockdown sales surge won’t last By Reuters

Posted by admin

in News

By James Davey LONDON (Reuters) - British fashion retailer Next raised its full-year profit guidance for the second time in two months as it reported better than expected first-quarter trading, but cautioned it did not expect a post-lockdown surge in sales to endure. Next, which trades from about 500 stores as well as online, said on Thursday full price sales in the 13 weeks to May 1 fell 1.5% compared with the same period two years ago - before the COVID-19 pandemic started to disrupt trading last year. The group's previous guidance assumed first-quarter sales...

06 May

0 Comments

Sticky

Premium cars lift Volkswagen’s margins despite chip woes By Reuters

Posted by admin

in News

By Christoph Steitz and Jan Schwartz FRANKFURT (Reuters) -Volkswagen raised its operating margin target for this year after strong demand for profitable Audis and Porsches in the first quarter, but warned it remained in "crisis mode" over a global shortage of semiconductor chips. Europe's biggest carmaker said on Thursday it now expected an operating profit margin of 5.5-7% this year, versus a previous forecast of 5.0-6.5%, with vehicle deliveries and sales both up by more than a fifth. The better guidance is mainly driven by improved demand for high-margin premium cars, a trend also seen at...

06 May

0 Comments

Sticky

Rebound in trading boosts earnings at France’s SocGen By Reuters

Posted by admin

in News

PARIS (Reuters) - France's third-biggest listed bank Societe Generale (PA:SOGN) on Thursday recorded a sharp rebound in its trading business in the first quarter and better-than-expected earnings as it looks to bed down an overhaul of its investment bank. The lender, which tumbled in 2020 to its first full-year loss for a decade as the COVID-19 pandemic rattled its businesses, posted a 814 million euros net profit in the quarter against a 326 million euros loss a year ago. Earnings per share amounted to 0.79 euro, above a mean forecast for 0.23 euro...

06 May

0 Comments

Sticky

German industrial orders surge on strong domestic demand By Reuters

Posted by admin

in News

BERLIN (Reuters) -Strong domestic demand for consumer goods propelled a bigger than expected jump in German industrial orders in March, data showed on Thursday, suggesting that manufacturers in Europe's largest economy will support a recovery in the second quarter. The data published by the Federal Statistics Offices showed orders for industrial goods jumped on the month by 3% in seasonally adjusted terms. This easily beat a Reuters forecast of 1.7% and came after an upwardly revised increase of 1.4% in February and a rise of 0.8% in January. Domestic orders in March rose by 4.9% on...

06 May

0 Comments

Sticky

Barratt expects home completions ahead of estimates, reservation rates rise By Reuters

Posted by admin

in News

(Reuters) - Barratt Developments (LON:BDEV) Plc said on Thursday it expected to complete more wholly owned homes this year than its own estimates and was also seeing strong reservation rates, as the sector benefits from government measures and low interest rates. Last month, UK Finance Minister Rishi Sunak extended tax breaks for home buyers until October and unveiled a mortgage guarantee scheme in the budget, moves that bolstered the housing sector after Prime Minister Boris Johnson unveiled a phased exit plan from COVID-19 lockdowns. "We now expect to increase wholly owned completions to between...

06 May

0 Comments

Sticky

GAVI welcomes Biden move on vaccines, urges U.S. manufacturers to transfer know-how By Reuters

Posted by admin

in News

GENEVA (Reuters) - The GAVI vaccine alliance on Thursday welcomed U.S. President Joe Biden's support for waiving intellectual property rights for COVID-19 vaccines and also urged Washington to help manufacturers transfer know-how to boost global production. The Geneva-based group, which co-leads the COVAX dose-sharing programme with the World Health Organization (WHO), faces major supply constraints after India suspended vaccine exports due to its major COVID-19 epidemic. "We recognise also the significance of the (Biden) administration’s commitment to work towards increasing raw material production, which will have an immediate impact on alleviating current global supply constraints," it...

Меню

UK working with U.S., WTO on boosting COVID vaccine supply By Reuters

What to expect from today’s Bank of England decision By Investing.com

Sterling waits for BoE decision on slowing emergency support By Reuters

UK says 4.2 million jobs on furlough at end of March By Reuters

Britain’s Next cautions post-lockdown sales surge won’t last By Reuters

Premium cars lift Volkswagen’s margins despite chip woes By Reuters

Rebound in trading boosts earnings at France’s SocGen By Reuters

German industrial orders surge on strong domestic demand By Reuters

Barratt expects home completions ahead of estimates, reservation rates rise By Reuters

GAVI welcomes Biden move on vaccines, urges U.S. manufacturers to transfer know-how By Reuters

FINSPECTION MANAGEMENT LTD

FINSPECTION PLC LTD

FINACOM MANAGEMENT NV