08 July

Sticky

Stellantis makes 30 billion euro bet on electric vehicle market By Reuters

Posted by admin

in News

By Giulio Piovaccari MILAN (Reuters) -Stellantis, the world's No. 4 automaker, said on Thursday it plans to invest more than 30 billion euros ($35.54 billion) through 2025 on electrifying its vehicle lineup. The company, which was formed in January from the merger of Italian-American automaker Fiat Chrysler and France's PSA, said its strategy will be supported by five battery plants in Europe and North America as it gears up to compete with electric vehicle (EV) leader Tesla and other automakers globally. "This transformation period is a wonderful opportunity to reset the clock and start a...

08 July

0 Comments

Sticky

England’s soccer success will boost consumer confidence – finance minister By Reuters

Posted by admin

in News

LONDON (Reuters) - England's achievement in reaching the final of the Euro 2020 soccer championship will further boost the rebound in consumer confidence, British finance minister Rishi Sunak said on Thursday. "I think the football just adds to it: consumer confidence has already returned to pre-crisis levels and things that make us feel good are good for the economy," he told BBC radio. "Whether there is a bit of extra GDP at the end of it, so be it, that will be great this. But I will take the win over that, any day,"...

08 July

0 Comments

Sticky

Court case of 47 Hong Kong democracy activists to resume on Sept 23 By Reuters

Posted by admin

in News

By Jessie Pang HONG KONG (Reuters) - The widely monitored national security case of 47 Hong Kong democracy activists charged with conspiracy to commit subversion, most of whom have been in custody for more than four months, will resume in September, a judge ruled on Thursday. Judge Victor So in the West Kowloon Court ruled the defendants will return to court on Sept. 23 after Thursday's appearance as prosecutors had requested more time to prepare the case. The 47, most of whom have been denied bail, were arrested on charges of participating in an unofficial,...

08 July

0 Comments

Sticky

UK government will not impose flexible work model on finance, says minister By Reuters

Posted by admin

in News

By Huw Jones LONDON (Reuters) - Financial firms should use their experience in the COVID-19 crisis to consider how flexible working could help create a more diverse workforce but the government will not impose a model, Britain's financial services minister said on Thursday. Britain has said pandemic restrictions will lift on July 19, including ending a request to work from home wherever possible. Financial services minister John Glen said leaders in the financial services industry were thinking about the benefits of flexible and remote working for staff in the longer term. "I don't believe it's right...

08 July

0 Comments

Sticky

British holiday company Jet2 says visibility limited as summer approaches By Reuters

Posted by admin

in News

LONDON (Reuters) - British airline and holiday company Jet2 said it continued to have limited visibility on the current summer travel season, after it sunk to a 374 million pound ($515.04 million) loss in the year to the end of March due to the pandemic. Jet2, which sells package holidays and flights to European leisure destinations, said that its liquidity remained strong at 1.46 billion pounds, despite losses arising from the crisis and the refunds it had to make when its aircraft were grounded. For the current financial year, the company said its performance...

08 July

0 Comments

Sticky

European stocks caught in global selloff on recovery concerns By Reuters

Posted by admin

in News

(Reuters) - European stocks fell on Thursday, with cyclical stocks such as miners, automakers, and banks leading early declines, as global mood soured on economic recovery worries. The pan-European STOXX 600 index dropped 0.7% by 0711 GMT after Asian markets tumbled on concerns about China's recovery and tighter regulation on technology companies. [MKTS/GLOB] In Europe, interest rate-sensitive banking shares fell as government bond yields extended their decline. An index of the euro zone banks was down 1.5% as falling rates hurt profit margins. [GVD/EUR] Miners and automakers also fell more than 1%. German automotive...

08 July

0 Comments

Sticky

UK’s WH Smith says expects small improvement in 2021 performance By Reuters

Posted by admin

in News

(Reuters) -UK's WH Smith (LON:SMWH) said on Thursday it expects a small improvement to its performance in the current financial year, following stronger-than-anticipated performance in North America. The FTSE-250 listed-company said it signed deals for 18 tech accessory stores in a number of UK airports, including Heathrow and Stansted, which it expects will deliver about 60 million pounds in annual sales in a fully recovered travel environment. [PnNDL9DrQ9L] The company added that it would spend about 15 million pounds on the new stores in fiscal 2022, and they would trade under the InMotion brand it uses...

08 July

0 Comments

Sticky

Big Bang UK market rules need refresh to keep City competitive, says think tank By Reuters

Posted by admin

in News

By Huw Jones LONDON (Reuters) - Britain's "big bang"-era financial rules need a refresh to show the world that the City of London is open to business after Brexit ended access to the European Union, a think-tank report said on Thursday. The Overseas Person Exclusion (OPE) rules were introduced in 1986 as part of wholesale market liberalisation that helped the City become a global financial powerhouse. One of the most liberal market access regimes in the world, it allows financial firms based abroad to serve customers in Britain without authorisation or a base in the...

08 July

0 Comments

Sticky

Dollar near three-month high after Fed minutes reaffirm taper timeline By Reuters

Posted by admin

in News

By Kevin Buckland TOKYO (Reuters) - The dollar traded near its highest in three months versus major peers on Thursday after minutes of the Federal Reserve's June policy meeting confirmed the world's biggest central bank is moving toward tapering its asset purchases as soon as this year. The dollar index, which measures the greenback against six rivals, held its ground at 92.702, little changed from Wednesday, when it touched 92.844 for the first time since April 5. Fed officials said substantial further progress on economic recovery "was generally seen as not having yet been met," although...

08 July

0 Comments

Sticky

Virus woes and tech crackdown hammer stocks; bonds rally By Reuters

Posted by admin

in News

By Tom Westbrook SINGAPORE (Reuters) - Asian stocks fell to a six-week low on Thursday as an extended selloff in tech shares in Hong Kong and rising virus cases added to a broad risk-averse mood, pressuring oil prices and lending support to bonds and the dollar. A surprise dovish turn from Chinese policymakers also sparked a rally in sovereign Chinese debt and sent 10-year yields to a 10-month low. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1% to its lowest since late May, shrugging off a positive tilt from Wall Street. (N) "Market...

Меню

Stellantis makes 30 billion euro bet on electric vehicle market By Reuters

England’s soccer success will boost consumer confidence – finance minister By Reuters

Court case of 47 Hong Kong democracy activists to resume on Sept 23 By Reuters

UK government will not impose flexible work model on finance, says minister By Reuters

British holiday company Jet2 says visibility limited as summer approaches By Reuters

European stocks caught in global selloff on recovery concerns By Reuters

UK’s WH Smith says expects small improvement in 2021 performance By Reuters

Big Bang UK market rules need refresh to keep City competitive, says think tank By Reuters

Dollar near three-month high after Fed minutes reaffirm taper timeline By Reuters

Virus woes and tech crackdown hammer stocks; bonds rally By Reuters

FINSPECTION MANAGEMENT LTD

FINSPECTION PLC LTD

FINACOM MANAGEMENT NV