30 April

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Exxon Mobil Earnings, Revenue beat in Q1 By Investing.com

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Exxon Mobil (NYSE:XOM) reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. Exxon Mobil announced earnings per share of $0.65 on revenue of $59.15B. Analysts polled by Investing.com anticipated EPS of $0.5931 on revenue of $55.18B. Exxon Mobil shares are up 42% from the beginning of the year and are trading at $58.50 , down-from-52-week-high.They are outperforming the S&P 500 which is up 12.12% from the start of the year. Exxon Mobil shares lost 0.75% in pre-market trade the report. Exxon Mobil follows other major Energy...

30 April

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New Credit Suisse chairman eyes risk and culture, strategic options By Reuters

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ZURICH (Reuters) - Credit Suisse (SIX:CSGN)'s incoming Chairman Antonio Horta-Osorio intends to take a look at the bank's risk management and culture following recent crises, as well as reviewing strategic options for the bank, he told shareholders upon his election on Friday. Shareholders elected the former Lloyds (LON:LLOY) CEO with 96.45% approval during a time at which the bank has been roiled by billions in losses. "It takes years to build a reputation while it can be seriously affected literally overnight," he told shareholders in a webcast speech. "Over three and a...

30 April

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Card Factory shares rally after trading and liquidity update By Investing.com

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By Samuel Indyk Investing.com – Shares in Card Factory (LON:CARDC) jumped over 6% in early trade on Friday after the company provided a trading update following the reopening of non-essential retail in the UK. The greetings card retailer said trading has exceeded expectations since the reopening of stores in England and Wales on 12th April. Stores in Scotland reopened earlier this week and stores in Northern Ireland will resume trading from today. Liquidity Update The company also announced it has reached a refinancing deal with its current syndicate of commercial lending banks and will provide a...

30 April

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EU antitrust regulators charge Apple over App Store restrictions By Reuters

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BRUSSELS (Reuters) - EU antitrust regulators on Friday charged iPhone maker Apple (NASDAQ:AAPL) with setting restrictive rules on its App Store that force developers to use its own in-app payment system and prevent them from informing users of other purchasing options. The move by the European Commission followed a complaint by Swedish music streaming service Spotify two years ago. "Apple's rules distort competition in the market for music streaming services by raising the costs of competing music streaming app developers. This in turn leads to higher prices for consumers for their in-app music subscriptions on iOS...

30 April

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Scotland’s Sturgeon says wouldn’t propose independence referendum immediately By Reuters

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LONDON (Reuters) - Scotland's first minister Nicola Sturgeon said she wouldn't propose a referendum on Scottish independence immediately, as she wants to make sure the country is clear of the coronavirus pandemic first. "I don't believe we should propose a referendum right at this moment," Sturgeon told BBC Radio. "I'm a lifelong believer in independence, I want Scotland to be independent, but firstly we've got to steer the country through the crisis." Sturgeon's party, the Scottish National Party, have pledged to hold a new referendum by the end of 2023 if they...

30 April

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PFA slams Twitter for not taking down abusive posts By Reuters

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(Reuters) - Twitter's response to abuse directed at football players on its platform has been absolutely unacceptable, the Professional Footballers' Association (PFA) said ahead of a four-day social media blackout to highlight the problem. England's soccer bodies are set to boycott social media from 3 p.m. local time (1400 GMT) on Friday to 11.59 p.m. on Monday May 3 in response to continued online racist abuse of players, with the campaign also receiving backing from a host of other sporting bodies, including UEFA and FIFA. The PFA, which represents players in England and Wales, said it...

30 April

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German output shrinks in Q1 as lockdown dampens consumption By Reuters

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BERLIN (Reuters) -The German economy contracted by a greater than expected 1.7% in the first quarter as a lockdown in place since November to contain the coronavirus stifled private consumption in Europe's largest economy, data showed on Friday. "The coronavirus crisis caused another decline in economic performance at the beginning of 2021," the Federal Statistics Office said. "This affected household consumption in particular, while exports of goods supported the economy." A Reuters poll had pointed to a first-quarter contraction of 1.5%. The economy had expanded by an upwardly revised 0.5% in the last three months of...

30 April

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AstraZeneca forecast boosts shares as COVID shot sales hit $275 million By Reuters

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By Pushkala Aripaka and Ludwig Burger (Reuters) -AstraZeneca's COVID-19 vaccine delivered $275 million in first-quarter sales while shaving three cents per share from earnings, the drugmaker said on Friday as it posted better-than-expected results and forecast second half growth. This is the first time the Anglo-Swedish drugmaker has given financial details of the distribution and sales of the vaccine, which it developed with Oxford University. It has said it will not make a profit from the shot during the pandemic. The vaccine revenue included delivery of about 68 million doses, AstraZeneca (NASDAQ:AZN) said, adding that...

30 April

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Britain proposes easing listed SPAC suspension rule By Reuters

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By Huw Jones LONDON (Reuters) -Britain's financial watchdog on Friday proposed changing how special purpose acquisition companies (SPACs) can list as the City of London seeks to bolster its global attraction after Brexit. After a surge in what are dubbed "blank check" companies on Wall Street and more recently in Europe, Britain is keen that London is not left behind. SPACs list on an exchange and must use the proceeds to buy an existing company within a set timeframe. The UK's Financial Conduct Authority said it was proposing a waiver on the current rule that...

30 April

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Barclays profit more than doubles amid equity trading boom By Reuters

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By Lawrence White and Iain Withers LONDON (Reuters) - Barclays (LON:BARC)' profits more than doubled in the first quarter, as the group's investment bank capitalised on a share trading mania while charges against expected bad loans shrank to almost nothing. Barclays on Friday reported a profit before tax for the three months ended March 31 of 2.4 billion pounds ($3.34 billion), up from 923 million pounds a year ago and above the 1.76 billion pound average of analysts' forecasts. The lender took an impairment charge of just 55 million pounds for further bad...

Меню

Exxon Mobil Earnings, Revenue beat in Q1 By Investing.com

New Credit Suisse chairman eyes risk and culture, strategic options By Reuters

Card Factory shares rally after trading and liquidity update By Investing.com

EU antitrust regulators charge Apple over App Store restrictions By Reuters

Scotland’s Sturgeon says wouldn’t propose independence referendum immediately By Reuters

PFA slams Twitter for not taking down abusive posts By Reuters

German output shrinks in Q1 as lockdown dampens consumption By Reuters

AstraZeneca forecast boosts shares as COVID shot sales hit $275 million By Reuters

Britain proposes easing listed SPAC suspension rule By Reuters

Barclays profit more than doubles amid equity trading boom By Reuters

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