10 May

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Viatris Earnings miss, Revenue beats In Q1 By Investing.com

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Viatris reported on Monday first quarter earnings that missed analysts' forecasts and revenue that topped expectations. Viatris announced earnings per share of $-0.86 on revenue of $4.43B. Analysts polled by Investing.com anticipated EPS of $0.799 on revenue of $4.2B. Viatris shares are down 24.87% from the beginning of the year and are trading at $14.08 , down-from-52-week-high.They are under-performing the S&P 500 which is up 12.69% from the start of the year. Viatris follows other major Healthcare sector earnings this month Viatris's report follows an earnings beat by J&J on April 20,...

10 May

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Australia’s Star eyes Crown in $7 billion play, vies with private equity By Reuters

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By Byron Kaye SYDNEY (Reuters) -Australian casino operator Star Entertainment Group on Monday proposed an all-stock buyout of larger rival Crown Resorts Ltd that it valued at A$9 billion ($7 billion), taking on two private equity giants for control of the troubled company. Three months after Crown was declared unfit for a gambling licence at its new Sydney resort tower, Star said the share-swap takeover approach would create "one of the largest and most attractive integrated resort operators in the Asia Pacific region". The move presents Crown shareholders with a third option after buyout giant...

10 May

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UK airline stocks cushioned by hopes for big June travel restart By Reuters

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LONDON (Reuters) - British airline stocks lost ground on Monday after the government set out a limited reopening of travel, but losses were cushioned by hopes that a bigger take-off would be on the cards for June. British Airways-owner IAG (LON:ICAG), easyJet (LON:EZJ), Jet2 and TUI (LON:TUIT) were all down between 2-3% as they traded for the first time since Britain said on Friday that travel could restart but only to a handful of places, including Portugal, Israel and Iceland. The top four destinations for British travellers - Spain, France, Italy and the United States...

10 May

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UK shopper numbers down 4.1% last week, dented by rain: Springboard By Reuters

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LONDON (Reuters) - Shopper numbers across Britain fell 4.1% in the week to May 8 versus the previous week, with rain across much of the country hitting activity, researcher Springboard said on Monday. Footfall versus the same week in 2019 was down 25.3%, it said. ...

10 May

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Britain’s Greggs forecasts profit bounce-back after sales recover By Reuters

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By James Davey LONDON (Reuters) -British bakery and fast-food chain Greggs has raised its outlook for current year profits, saying they could reach 2019's record levels after a strong recovery in sales in the wake of the easing of COVID-19 restrictions. While Greggs' shops, best known for their sausage rolls, steak bakes and vegan snacks, have been able to stay open through the pandemic, the crisis has disrupted its business model, which relies on a high volume of customer visits. Shares in the group had soared 10.4% by 0853 GMT on Monday, extending gains this...

10 May

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Euro zone bond yields head back up after post-payrolls swings By Reuters

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By Dhara Ranasinghe LONDON (Reuters) - Euro zone bond yields rose on Monday as investors returned their focus to a brighter economic outlook and its implications for central bank policy following large swings following Friday's U.S. non-farm payrolls data. Rising crude oil prices after a major cyberattack forced the shutdown of critical fuel supply pipelines in the United States added to upward pressure on bond yields by boosting inflation expectations. [O/R] Germany's 10-year Bund yield rose to its highest level in almost a week, while Italian borrowing costs held near their highest levels since September....

10 May

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WTO DG fixes July ministerial meeting on over-fishing rules By Reuters

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By Emma Farge GENEVA (Reuters) - The head of the World Trade Organization plans to host a ministerial meeting on July 15 where she hopes an agreement can be reached on cutting fisheries subsidies after 20 years of talks, a document showed on Monday. Governments including major subsidisers China, the European Union and Japan spend billions of dollars a year to prop up their fishing fleets, contributing to over-fishing that is decimating wild stocks. The WTO was tasked by world leaders in 2015 with striking a deal to roll them back but missed a key...

10 May

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European stocks grind out fresh highs as miners rally By Reuters

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By Sruthi Shankar (Reuters) -European stocks inched to new highs on Monday as optimism about the reopening of economies and easy monetary policy lifted sectors that typically benefit from a recovery. The pan-European STOXX 600 index rose 0.1% to hit a fresh all-time high, with miners rallying 2.6% to a 10-year-high on the back of strong commodity prices. UK-listed miners such as Rio Tinto (LON:RIO), BHP Group and Glencore (LON:GLEN) rose almost 3%. China's benchmark iron ore futures surged 10% to a record high, steel prices rose 6% and copper prices touched...

10 May

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Proxy adviser ISS recommends to vote against Leonardo CEO liability action By Reuters

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MILAN (Reuters) - Proxy adviser ISS recommended on Monday that Leonardo shareholders vote against a liability action promoted by investor Bluebell against the group's chief executive given "the absence of a sufficiently compelling rationale". Last year CEO Alessandro Profumo was sentenced in the first instance to six years imprisonment for false accounting in his previous role as chairman of Banca Monte dei Paschi di Siena. Bluebell, which owns 25 shares in the defence group, said it wanted to propose the action and ask for damages stemming from the conviction in a letter to Leonardo's...

10 May

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Airline shares lower as UK ‘green list’ disappoints By Investing.com

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By Samuel Indyk Investing.com – Shares in European airlines fell on Monday morning after the UK government announced its green list of countries available for international travel from May 17th. The green list refers to countries where travellers from the England will not have to quarantine on arrival back in the UK. The announcement of a traffic light system means international travel will not be illegal from 17th May. Green list Only 12 countries made it on to the green list. Those countries include Portugal, Israel, Singapore, Australia, and New Zealand. However, the most popular holiday...

Меню

Viatris Earnings miss, Revenue beats In Q1 By Investing.com

Australia’s Star eyes Crown in $7 billion play, vies with private equity By Reuters

UK airline stocks cushioned by hopes for big June travel restart By Reuters

UK shopper numbers down 4.1% last week, dented by rain: Springboard By Reuters

Britain’s Greggs forecasts profit bounce-back after sales recover By Reuters

Euro zone bond yields head back up after post-payrolls swings By Reuters

WTO DG fixes July ministerial meeting on over-fishing rules By Reuters

European stocks grind out fresh highs as miners rally By Reuters

Proxy adviser ISS recommends to vote against Leonardo CEO liability action By Reuters

Airline shares lower as UK ‘green list’ disappoints By Investing.com

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