20 April

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Weekly Comic: Buddy, Can You Spare a Chip? By Investing.com

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By Geoffrey Smith Investing.com -- Semiconductors are seen as 'the new oil' - the essential commodity (or semi-commodity) embedded in virtually every manufactured product. So when the factories run out of them, that's a problem - a big one. The global shortage of semiconductors is likely to get worse before it gets better: the world’s biggest contract manufacturer of silicon chips said last week that the shortage will last all through 2021 and into 2022, forcing manufacturers and customers across the world to agonize for months over whether to grit teeth and pay higher prices, or to...

20 April

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‘Who’s going to play me?’ Boy George launches casting search for biopic By Reuters

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LONDON (Reuters) - British singer Boy George launched a casting search on Tuesday, looking for an actor to portray him in a music biopic set to start filming this summer. The Culture Club frontman, whose real name is George O’Dowd, took to social media to make the announcement. In a video he said "Line of Duty" actor Daniel Mays would play his father, and added teasingly "there's rumours of Keanu Reeves popping in". "I'm very excited to announce the movie of my life and Culture Club called 'Karma Chameleon' will be shot this summer...

20 April

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Boeing’s CFO to Retire While Firm Extends CEO’s Stay By Investing.com

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By Dhirendra Tripathi Investing.com – Boeing (NYSE:BA) shares fell 4% Tuesday after its chief financial officer, aged 54, decided to retire from the company even as the world’s largest maker of commercial planes extended the CEO’s retirement age to accommodate the incumbent. CFO Gregory Smith will leave after a decade in the role. Vertical Research Partners analyst Robert Stallard described the news as “odd” and a “surprise development,” according to StreetInsider. “While a Boeing outsider as CFO could bring a new perspective, this is a company that has tended to promote internally in the past,”...

20 April

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UK’s Johnson threatens to pass legislation to stop soccer Super League By Reuters

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LONDON (Reuters) - British Prime Minister Boris Johnson said on Tuesday his government would consider passing legislation to stop the planned breakaway European Super League by 12 soccer clubs, likening the plans to creating a cartel. Johnson held a meeting with representatives from the English Football Association, the English Premier League and fan groups where he confirmed the government would not stand by to allow the creation of a closed shop "It is not in the interest of fans, not in the interest of football, how can it be right to have a situation in...

20 April

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J&J Rises on EU Nod To Resume Vaccine Rollout By Investing.com

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By Dhirendra Tripathi Investing.com – Shares of Johnson & Johnson (NYSE:JNJ) erased their early losses and were up just short of 3% on securing the European regulator’s nod to resume supplies of its Covid-19 shots. The company was able to convince the European Medicines Agency that the risk-reward ratio favored the application of the jabs, outscoring safety concerns. The EMA’s Pharmacovigilance Risk Assessment Committee reviewed a small number of cases of very rare blood clots in combination with low platelet counts that can occur within one to three weeks following the injection. The company has promised...

20 April

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More than 33 million Britons have received first COVID vaccine dose By Reuters

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LONDON (Reuters) - A total of 33,032,120 Britons have received the first dose of a COVID-19 vaccine with more than 10 million people having been given both doses, according to official figures released on Tuesday. A further 33 deaths within 28 days of a positive test and an additional 2,524 cases were also reported. ...

20 April

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Gucci rebound drives Kering’s sales up 26% in first quarter By Reuters

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PARIS (Reuters) - Sales at French luxury group Kering (PA:PRTP) rose by 26% in the first quarter of 2021, led by a strong rebound for its star label Gucci, with growth in Asia and the United States more than offsetting new coronavirus lockdowns in much of Europe. Gucci, which accounts for just under 60% of Kering's revenues and 80% of its profits, saw comparable revenues increase by 24.6%, ahead of an analyst consensus forecast for 19% growth. Gucci had lagged behind rivals such as LVMH (PA:LVMH)'s Louis Vuitton and Hermes in 2020, fuelling...

20 April

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Innospec drops pursuit for UK rival Elementis after takeover approach rejection By Reuters

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(Reuters) - Innospec Inc said on Tuesday it was no longer considering a possible offer for rival Elementis (LON:ELM) after the British company rejected a 160-pence per share takeover approach from the U.S. chemicals firm. Innospec said it had sought support from the London-listed company's board for its offer that would have valued Elementis at about 929.3 million pounds. Elementis on Tuesday confirmed that it received Innospec's conditional cash-and-stock proposal on March 31, adding that it significantly undervalued the company. The 175-year-old London-based company said the proposal was less attractive for its shareholders as a substantial...

20 April

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U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 2.04% By Investing.com

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Investing.com – U.K. equities were lower at the close on Tuesday, as losses in the Tobacco, Food Producers and Travel & Leisure sectors propelled shares lower. At the close in London, the Investing.com United Kingdom 100 fell 2.04%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Segro Plc (LON:SGRO), which rose 1.61% or 15.90 points to trade at 1004.50 at the close. Avast PLC (LON:AVST) added 1.27% or 6.00 points to end at 477.60 and AstraZeneca PLC (LON:AZN) was up 1.02% or 76.0 points to 7494.0 in late trade....

20 April

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Wall Street Opens Lower on Covid Worries; Altria Hit Again; Dow Down 110 Pts By Investing.com

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By Geoffrey Smith Investing.com -- U.S. stock markets fell at the opening on Tuesday as renewed fears about the global pandemic weighed on sentiment toward internationally active companies. The coronavirus is spiraling out of control in India and, increasingly, Pakistan, two countries that are home to over 20% of the world's population and over 14% of its gross domestic product. That's leading to the country suspending the export of vaccines to countries in Europe and elsewhere in the world, slowing global progress toward herd immunity. By 9:45 AM ET (1445 GMT), the Dow Jones Industrial Average...

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Weekly Comic: Buddy, Can You Spare a Chip? By Investing.com

‘Who’s going to play me?’ Boy George launches casting search for biopic By Reuters

Boeing’s CFO to Retire While Firm Extends CEO’s Stay By Investing.com

UK’s Johnson threatens to pass legislation to stop soccer Super League By Reuters

J&J Rises on EU Nod To Resume Vaccine Rollout By Investing.com

More than 33 million Britons have received first COVID vaccine dose By Reuters

Gucci rebound drives Kering’s sales up 26% in first quarter By Reuters

Innospec drops pursuit for UK rival Elementis after takeover approach rejection By Reuters

U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 2.04% By Investing.com

Wall Street Opens Lower on Covid Worries; Altria Hit Again; Dow Down 110 Pts By Investing.com

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