04 March

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L’Oreal responds to push for natural ingredients in make-up By Reuters

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PARIS (Reuters) - Maybelline and Lancome maker L'Oreal aims to derive nearly all its ingredients from renewable plant sources and abundant minerals by 2030, it said on Thursday, as demand for organic and environmentally-friendly cosmetics grows. The world's leading beauty groups face increasingly savvy consumers who want creams and make-up made from natural components as well as products that can be...

04 March

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Melvin Capital fund reportedly gains 20% in February By Investing.com

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By Samuel Indyk Investing.com – Melvin Capital, one of the hedge funds at the heart of the GameStop (NYSE:GME) affair, reportedly gained more than 20% in February in a rapid turnaround from the losses seen the month before. The hedge fund, which had a large short position in GameStop before the January surge in share price, had lost 53% in January during the...

04 March

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UK watchdog probing Apple on alleged anti-competitive behaviour By Reuters

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(Reuters) - Britain's competition regulator said on Thursday it has opened an investigation on Apple Inc (NASDAQ:AAPL) after complaints that the iPhone maker's terms and conditions for app developers are unfair and anti-competitive. ...

04 March

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EU finance chief says UK’s Northern Ireland move a breach of trust By Reuters

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DUBLIN (Reuters) - The European Union's finance chief said Britain's decision to make unilateral changes to Northern Irish Brexit arrangements raised questions over whether it can be trusted in future trade negotiations with any partner. "It does open a question mark about global Britain, if this is how global Britain will negotiate with other partners. Our experience has been not an easy...

04 March

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Aviva posts flat 2020 operating profit, exits Italy By Reuters

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LONDON (Reuters) - British insurer Aviva (LON:AV) posted flat operating profit for 2020 and sold its remaining businesses in Italy, it said on Thursday, as it tries to focus on its key markets of Britain, Canada and Ireland. Operating profit of 3.2 billion pounds ($4.47 billion) beat a company-supplied consensus forecast of 2.8 billion. Aviva said it sold its Italian...

04 March

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FTSE 100 falls as high yields, inflation worries return to fore By Reuters

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(Reuters) - London's FTSE 100 fell on Thursday, dragged by miners and bank stocks on concerns about rising bond yields and volatility in U.S. markets, while engineering company Meggitt (LON:MGGT) fell after its annual profit halved due to the COVID-19 pandemic. The blue-chip FTSE 100 index slid 0.5%, with mining stocks, including Rio Tinto (LON:RIO), Anglo American...

04 March

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UK’s Wetherspoon to reopen outdoor dining at 394 pubs in April By Reuters

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(Reuters) - Britain's JD Wetherspoon said on Thursday it would reopen patios, beer and roof-top gardens at 394 of its pubs in England from April 12, as the United Kingdom navigates a way out of strict COVID-19 restrictions. The government said last month hospitality venues will reopen for outdoor purposes only from April 12, while following physical distancing protocols under its...

04 March

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China’s $1 Trillion Wealth Fund Gains 12% in ‘Very Unusual Year’ By Bloomberg

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(Bloomberg) -- China Investment Corp. posted a return of more than 12% on overseas investments in 2020 after markets rallied on loose monetary policies, marking a breakout year for China’s $1 trillion sovereign wealth fund. The unaudited returns bring the Beijing-based fund’s 10-year rolling average to more than 6.6%, beating its target. Executive Vice...

04 March

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Take on more risk or taper? BOJ faces tough choice with REIT buying By Reuters

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By Kentaro Sugiyama and Leika Kihara TOKYO (Reuters) - The Bank of Japan (BOJ) is under pressure to relax rules for its purchases of real-estate investment trusts (REITs) so that it can keep buying the asset at the current pace, highlighting the challenges of sustaining its massive stimulus programme. The fate of the rules, which limit the central bank's ownership of individual...

04 March

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Analysis: Top Glove bets on pandemic boom to propel ambitious $1.9 billion HK listing By Reuters

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By Scott Murdoch, Anshuman Daga and Liz Lee HONG KONG/SINGAPORE/KUALA LUMPUR (Reuters) - Malaysia's Top Glove Corp Bhd is betting that pandemic-induced sales can provide enough fuel for its $1.9 billion Hong Kong listing to break through the headwind of U.S. sanctions and the prospect of slower growth as vaccinations become widespread. Analysts said the unknown pace of vaccination programmes mean the...

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L’Oreal responds to push for natural ingredients in make-up By Reuters

Melvin Capital fund reportedly gains 20% in February By Investing.com

UK watchdog probing Apple on alleged anti-competitive behaviour By Reuters

EU finance chief says UK’s Northern Ireland move a breach of trust By Reuters

Aviva posts flat 2020 operating profit, exits Italy By Reuters

FTSE 100 falls as high yields, inflation worries return to fore By Reuters

UK’s Wetherspoon to reopen outdoor dining at 394 pubs in April By Reuters

China’s $1 Trillion Wealth Fund Gains 12% in ‘Very Unusual Year’ By Bloomberg

Take on more risk or taper? BOJ faces tough choice with REIT buying By Reuters

Analysis: Top Glove bets on pandemic boom to propel ambitious $1.9 billion HK listing By Reuters

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