09 December

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Vaccine hopes drive UK-based equity fund demand in November – Calastone data

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LONDON (Reuters) - UK-domiciled equity funds saw their second biggest inflows on record last month, adding a net 2.3 billion pounds ($3.1 billion) following trials showing three effective vaccines against COVID-19, funds network Calastone said on Thursday. That level of inflows was beaten only by demand for equity funds in April 2020, when global markets benefited from massive stimulus from central banks...

09 December

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German exports inch up, giving economy hope of avoiding fourth quarter slump

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By Paul Carrel BERLIN (Reuters) - German exports rose less than expected in October but foreign trade still gave Europe's largest economy a boost at the start of the fourth quarter as it struggles to avoid slipping into a double-dip contraction. Seasonally adjusted exports rose 0.8% on the month after an increase of 2.3% in September, the Federal Statistics Office said on...

09 December

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British American Tobacco boosts revenue view on smaller pandemic impact

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(Reuters) - Lucky Strike-maker British American Tobacco (LON:BATS) on Wednesday raised its revenue forecast for 2020 to the upper end of its prior expectations, thanks to a smaller-than-feared hit to cigarette demand from the COVID-19 pandemic. The company said the sales impact from the health crisis would be about 2.5%, down from the 3% it had expected earlier. The...

09 December

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Commodities trader Trafigura posts record FY results despite impairments

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By Julia Payne LONDON (Reuters) - Trafigura recorded "stunning" 2020 results, its chief executive said on Wednesday, thanks to the extreme market volatility caused by the COVID-19 pandemic that conversely caused some major impairments among the company's physical assets. Trafigura's total earnings before interest, tax, depreciation and amortisation (EBITDA) hit a record $6 billion, up from $2.1 billion in 2019. The...

09 December

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Tesco’s Asia deal paves way for 5 billion pound return to shareholders

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LONDON (Reuters) - Britain's biggest retailer Tesco (LON:TSCO) expects to complete the $10.6 billion sale of its Asian businesses to CP Group on Dec. 18, paving the way for a return of 5 billion pounds to shareholders, it said on Wednesday. Tesco agreed to sell its businesses in Thailand and Malaysia to CP Group in March. It said that CP...

09 December

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Toyota unveils new fuel cell car in fresh push on hydrogen technology

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By Tim Kelly TOKYO (Reuters) - Japan's Toyota Motor Corp put its revamped Mirai hydrogen fuel cell car, with 30% greater range, on sale on Wednesday in a fresh push to promote zero-emission technology amid growing demand for electric vehicles, including its own. Toyota has failed until now to win drivers over to fuel cell vehicles (FCV), which remain a niche technology...

09 December

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UK Stocks-Factors to watch on Dec 9

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Dec 9 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 31 points higher at 6,590 on Wednesday, according to financial bookmakers. G4S (CSE:G4S): Security group G4S GFS.L on Tuesday agreed to be bought out by Allied Universal for 3.8 billion pounds ($5.1 billion), picking the U.S. company over Canadian rival GardaWorld and potentially ending a tense, months-long bidding war....

09 December

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Australian Indigenous leaders lash Woolworths liquor store plan

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By Byron Kaye SYDNEY (Reuters) - Australian Indigenous leaders on Wednesday slammed grocer Woolworths Group Ltd over plans to build a huge liquor store near alcohol-free communities, in the latest flashpoint over Aboriginal rights and culture. Australia's largest supermarket has been trying for years to build a Dan Murphy's liquor barn in the northern city of Darwin, despite opposition from local leaders...

09 December

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Volkswagen explores new sales model for electric models in China

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BEIJING (Reuters) - Volkswagen (DE:VOWG_p) AG is launching another sales model in China that will see the automaker open showrooms in city centres for electric vehicles (EV) and offer fixed prices, departing from the conventional sales system used by the wider industry. Last week, Volkswagen's joint venture with SAIC Motor opened its...

09 December

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SoftBank’s shares jump 7% on buyout debate report

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TOKYO (Reuters) -SoftBank Group Corp shares jumped as much as 7% on Wednesday after Bloomberg News reported that the group was considering buying back shares to boost CEO Masayoshi Son's stake so he could squeeze out remaining investors. SoftBank's shares are seen as chronically undervalued by company executives, with debate around the benefits of a buyout intensifying as they plunged to...

Меню

Vaccine hopes drive UK-based equity fund demand in November – Calastone data

German exports inch up, giving economy hope of avoiding fourth quarter slump

British American Tobacco boosts revenue view on smaller pandemic impact

Commodities trader Trafigura posts record FY results despite impairments

Tesco’s Asia deal paves way for 5 billion pound return to shareholders

Toyota unveils new fuel cell car in fresh push on hydrogen technology

UK Stocks-Factors to watch on Dec 9

Australian Indigenous leaders lash Woolworths liquor store plan

Volkswagen explores new sales model for electric models in China

SoftBank’s shares jump 7% on buyout debate report

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