04 May

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Analysis-Stricken airlines seek lifeline from transatlantic opening By Reuters

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By Laurence Frost and Sarah Young PARIS/LONDON (Reuters) -Diplomatic moves to ease transatlantic air travel could unleash fierce competition to entice passengers back into near-empty cabins at a time when tottering airlines can ill afford a price war in the world's richest aviation market. Talks between Brussels and Washington on resuming mass travel for vaccinated tourists have raised hopes of a summer rebound - further buoyed by new EU reopening proposals. Airlines are desperate for good news after a year of COVID-19 lockdowns that pushed many to the brink of collapse, or into the arms of...

04 May

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ConocoPhillips Earnings, Revenue beat in Q1 By Investing.com

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ConocoPhillips (NYSE:COP) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. ConocoPhillips announced earnings per share of $0.69 on revenue of $10.56B. Analysts polled by Investing.com anticipated EPS of $0.5451 on revenue of $8.51B. ConocoPhillips shares are up 31% from the beginning of the year and are trading at $52.74 , down-from-52-week-high.They are outperforming the S&P 500 which is up 11.62% from the start of the year. ConocoPhillips follows other major Energy sector earnings this month ConocoPhillips's report follows an earnings beat by Exxon Mobil on...

04 May

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Incyte Earnings beat, Revenue misses In Q1 By Investing.com

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Incyte (NASDAQ:INCY) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations. Incyte announced earnings per share of $0.67 on revenue of $604.7M. Analysts polled by Investing.com anticipated EPS of $0.4617 on revenue of $662.22M. Incyte shares are up 31% from the beginning of the year and are trading at $85.52 , down-from-52-week-high.They are outperforming the S&P 500 which is up 11.62% from the start of the year. Incyte follows other major Healthcare sector earnings this month Incyte's report follows an earnings beat by J&J...

04 May

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Thomson Reuters tops first quarter revenue, operating profit estimates By Reuters

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By Kenneth Li and Nick Zieminski NEW YORK (Reuters) -Thomson Reuters reported higher first quarter revenue and operating profit on Tuesday, helped by its three main divisions and a rebounding economy, saying full-year sales growth will be at the high end of original estimates. Adjusted earnings per share, which exclude a gain from the sale of the company's investment in Refinitiv and other adjustments, rose to 58 cents per share, from 48 cents in the prior-year period. That was well ahead of the 42 cents analysts expected, according to Refinitiv estimates. Thomson Reuters, which owns Reuters...

04 May

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French central banker pushes back against warnings of bankruptcy wave By Reuters

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PARIS (Reuters) - Bank of France Governor Francois Villeroy de Galhau said on Tuesday there was no evidence business bankruptcies would go beyond catching up from exceptionally low levels seen last year, warning against exaggerating the likelihood of insolvencies. Many European countries saw corporate bankruptcies fall to historic lows last year as governments put in place a range of measures to help them survive the coronavirus crisis and the lockdowns that left many businesses shuttered for months. However, fears are rising that there will be a surge in insolvencies once the measures are rolled back and...

04 May

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UK electric vehicle company Arrival partners with Uber By Investing.com

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By Samuel Indyk Investing.com – UK based electric vehicle company Arrival has announced it has partnered with Uber to develop a purpose-built ride-hailing electric vehicle. Arrival (NASDAQ:ARVL), which is now listed on the NASDAQ after a SPAC merger in March, said the vehicle will be designed in partnership with Uber (NYSE:UBER) drivers, who will be invited to join the design process and ensure the vehicle meets their needs. The final design is expected to be revealed by the end of the year with the vehicle expected to enter production in Q3 2023. “The Arrival Car will...

04 May

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DuPont De Nemours Earnings, Revenue beat in Q1 By Investing.com

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DuPont (NYSE:DD) De Nemours reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. DuPont De Nemours announced earnings per share of $0.91 on revenue of $3.98B. Analysts polled by Investing.com anticipated EPS of $0.7497 on revenue of $3.85B. DuPont De Nemours shares are up 10% from the beginning of the year and are trading at $78.28 , down-from-52-week-high.They are outperforming the S&P Global 100 which is up 9.42% from the start of the year. DuPont De Nemours follows other major Healthcare sector earnings this month DuPont...

04 May

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UK shopper numbers down 2% last week -Springboard By Reuters

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LONDON (Reuters) - Shopper numbers across Britain fell 2% in the week to May 1 versus the previous week, driven by fewer shoppers visiting high streets, researcher Springboard said on Tuesday. It said rain and cooler temperatures in the second half of the week in a number of areas across the United Kingdom would have deterred shoppers from external locations. ...

04 May

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Argo Blockchain provides April mining update By Investing.com

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By Samuel Indyk Investing.com – UK listed cryptocurrency miner Argo Blockchain (LON:ARB) has provided an operation update for April. The company said it mined 163 Bitcoin or Bitcoin equivalent in April, down slightly from the 165 mined in March. Despite a lower number of Bitcoins mined, revenue and profit increased during the month. Argo Blockchain said revenue increased almost 2% from £6.57mln in March to £6.70mln in April. The company generated the income at an average monthly mining margin of approximately 85% versus 84% the previous month. “I'm thrilled that Argo has generated a...

04 May

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ZhongAn, StanChart-backed lenders take early lead in HK digital bank race By Reuters

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By Alun John HONG KONG (Reuters) - Online-only banks in Hong Kong backed by China's ZhongAn Online P&C Insurance and Britain's Standard Chartered (LON:STAN) moved ahead of newly launched rivals as they garnered 70% of deposits last year, the lenders' annual reports showed. The numbers give the first glimpses of the performances of Hong Kong's eight so-called virtual banks, which launched last year and could offer lessons to peers in Asia, with Singapore's digital banks set to kick off operations next year and Malaysia set to follow. The eight banks had total customer...

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Analysis-Stricken airlines seek lifeline from transatlantic opening By Reuters

ConocoPhillips Earnings, Revenue beat in Q1 By Investing.com

Incyte Earnings beat, Revenue misses In Q1 By Investing.com

Thomson Reuters tops first quarter revenue, operating profit estimates By Reuters

French central banker pushes back against warnings of bankruptcy wave By Reuters

UK electric vehicle company Arrival partners with Uber By Investing.com

DuPont De Nemours Earnings, Revenue beat in Q1 By Investing.com

UK shopper numbers down 2% last week -Springboard By Reuters

Argo Blockchain provides April mining update By Investing.com

ZhongAn, StanChart-backed lenders take early lead in HK digital bank race By Reuters

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