25 May

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UK government borrowing falls in April By Reuters

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LONDON (Reuters) - British public borrowing totalled 31.696 billion pounds ($44.93 billion) in April, the first month of the new financial year, down from 47.315 billion pounds a year earlier when the public finances first felt the full impact of the COVID pandemic, official figures showed on Tuesday. Economists polled by Reuters had on average expected 30.9 billion pounds. ($1 = 0.7055 pounds) ...

25 May

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UK’s Shaftesbury posts wider half-year loss By Reuters

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(Reuters) - Retail landlord Shaftesbury Plc (LON:SHB) reported on Tuesday a wider half-year loss, as pandemic-related restrictions battered the business of its core tenant group of non-essential retailers, restaurants and cafes. The London-based real estate investment trust, which owns a 16-acre portfolio in the heart of the city's West End, said loss after tax for the six months ended March 31, came it at 338.5 million pounds ($479.89 million), compared with a loss of 287.6 million pounds a year earlier. ($1 = 0.7054 pounds) ...

25 May

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UK’s Smiths Group names new CEO By Reuters

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(Reuters) - Britain's Smiths Group (LON:SMIN) Plc said on Monday it has appointed Paul Keel as its new chief executive officer. The technology company said current CEO Andy Reynolds Smith will step down with immediate effect. ...

25 May

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UK furniture retailer Made.com plans London flotation By Reuters

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LONDON (Reuters) - Britain's Made.com, an online furniture seller, on Tuesday announced plans to list at least 25% of its shares on London's stock market. Made.com, founded in 2010, said it planned to sell about 100 million pounds ($142 million) of new shares, while existing shareholders will also offload some of their stakes. The company will allocate a further 15% of its shares to be made available in an over-allotment option. J.P. Morgan and Morgan Stanley (NYSE:MS) are global co-ordinators on the deal. ($1 = 0.7051 pounds) ...

25 May

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Asia shares track Wall Street gains amid easing inflation fears By Reuters

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By Julie Zhu HONG KONG (Reuters) - Asian shares climbed in early trade on Tuesday, tracking a Wall Street rally overnight, while the dollar held near a fourth-month low as investors tempered fears about inflation-driven rate hikes. In early trade, MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.81% at a two-week high, after U.S. stocks ended the previous session with mild gains. Australian shares were up 0.76%, while Japan's Nikkei stock index rose 0.63%. China's blue-chip CSI300 index jumped 0.22% in morning trade, while Hong Kong's Hang Seng index opened up...

25 May

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Peloton Falls On UBS’ Sell Rating After Adoption In U.S. Weakens By Investing.com

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By Dhirendra Tripathi Investing – Peloton (NASDAQ:PTON) shares fell 3% Monday after UBS reiterated its sell rating and price target on the stock, given adoption of the company’s fitness app has fallen for three consecutive months in the U.S. UBS analyst Eric Sheridan’s $74 target for the stock is 25% lower than its current level of $99. The popularity of the company’s fitness equipment and the app has taken a hit since the death of a child last month raised safety concerns around its Tread+, forcing the U.S. consumer safety regulator to ask consumers to stop...

25 May

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Heimstaden Bostad builds Polish portfolio with $372.7 million deal By Reuters

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(Reuters) - Real estate company Heimstaden's subsidiary Heimstaden Bostad AB said on Monday it had bought a newbuild portfolio from Budimex for SEK 3.1 billion ($372.69 million) to expand its presence in Poland. The portfolio, which is located in Warsaw, Krakow, Wroclaw, Poznan and Gdansk, consists of 13 projects to develop 2,496 apartments, 5,202 square miles of retail space, and accompanying parking spaces, a statement said. It said the construction will begin in 2021 and the projects would be completed between first quarter of 2023 and first quarter of 2025. The portfolio is estimated annually to...

25 May

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Global property markets ready to soar this year – Reuters poll By Reuters

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By Shrutee Sarkar BENGALURU (Reuters) - Residential property markets in major economies will soar this year on huge monetary and fiscal support and amid a recovery from the pandemic, according to Reuters polls, which showed risks for prices skewed to the upside. Average home selling prices have hit eye-watering levels in 2021 in some countries. That trend is expected to continue, driven by low mortgage rates, swift vaccine rollouts and the easing of restrictions after deep pandemic-induced recessions last year. The global boom in property prices comes alongside soaring stock markets, which quickly bounced back from...

25 May

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Dollar drifts lower as Fed speakers soothe inflation fears By Reuters

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By Tom Westbrook SINGAPORE (Reuters) - The dollar coasted at the bottom of its recent range on Tuesday, as softer-than-expected U.S. data and fresh insistence from Federal Reserve officials that policy would stay on hold allayed investor fears about inflation forcing interest rates higher. Investors are heavily short dollars in the belief that low U.S. rates will drive cash abroad as the world recovers from the pandemic. They have become leery of adding to positions after an April leap in inflation cast doubt on the policy outlook, but seemed to find reassurance in data and Fed...

25 May

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Earnings, New Home Sales, Consumer Confidence: 3 Things to Watch By Investing.com

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By Dhirendra Tripathi Investing.com -- Stocks jumped on Monday after a weekend rout in cryptocurrencies as tech continued its rebound and the reopening trade continued. Bullish bets on stocks tied to the progress of the economic reopening got a boost from progress on the reopening and signs the vaccine rollout is slowing the spread of new cases in the U.S. New York City and Los Angeles announced all children will return to public school classrooms in-person in September. Oil prices boosted the energy sector even as an Iran nuclear deal draws close. Goldman Sachs (NYSE:GS) forecast...

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UK government borrowing falls in April By Reuters

UK’s Shaftesbury posts wider half-year loss By Reuters

UK’s Smiths Group names new CEO By Reuters

UK furniture retailer Made.com plans London flotation By Reuters

Asia shares track Wall Street gains amid easing inflation fears By Reuters

Peloton Falls On UBS’ Sell Rating After Adoption In U.S. Weakens By Investing.com

Heimstaden Bostad builds Polish portfolio with $372.7 million deal By Reuters

Global property markets ready to soar this year – Reuters poll By Reuters

Dollar drifts lower as Fed speakers soothe inflation fears By Reuters

Earnings, New Home Sales, Consumer Confidence: 3 Things to Watch By Investing.com

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