28 April

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Brexit hit to British banks still not fully felt, UK finance ministry says By Reuters

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By Huw Jones LONDON (Reuters) - The hit to the City of London from Brexit has been less severe than initially predicted but may have further to play out, Britain's top financial services official said on Wednesday. Britain was under "no illusions" that a post-Brexit "steady state" has been reached, in terms of banks settling on locations for their European operations, Katharine Braddick, head of financial services at Britain's finance ministry told an event held by the Peterson Institute for International Economics. "There is still a lot in play," she said. Banks in London face pressure...

28 April

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Visa Shares Hit 52-Week High On Return Of Spending By Investing.com

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By Dhirendra Tripathi Investing.com – Visa (NYSE:V) rose more than 2% to a 52-week high Wednesday as the company's March quarter numbers showed a return to positive growth for credit card transactions. Debit and e-commerce growth also came at healthy levels. The pandemic first led to more buyers ordering stuff online not just for immediate consumption but also for stocking up. Spending rose more recently as people stepped out, free after a year of lockdown. The company benefited from rising consumer spending after a year of lockdown in various countries. Payments volume...

28 April

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England on track for next stage of lockdown easing – health minister By Reuters

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LONDON (Reuters) - England is on track for the next stage of lifting the lockdown restrictions next month, health minister Matt Hancock said on Wednesday. Indoor service in pubs and restaurants will be allowed from May 17 at the earliest, according to the government's roadmap out of lockdown. The data shows "we are essentially precisely on track for where we expected to be at this point and that is obviously good news, it means we can follow the roadmap," Hancock said at a news conference. ...

28 April

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Analysis-Bent on reviving growth, CEE countries shun near-term inflation threat By Reuters

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By Krisztina Than and Jason Hovet BUDAPEST/PRAGUE (Reuters) - Central Europe's rate setters for the most part look set to weather a looming spike in inflation and let their economies rebound with a vengeance from the COVID-19 shutdown, propelled by strong domestic demand, investments and European Union funds. The EU's eastern members, whose job markets and wage growth have remained buoyant, are facing higher inflationary pressures than others in Europe. It comes as their economies only begin to recover from the pandemic - which has led to the world's highest COVID-19 per capita death toll...

28 April

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Ralph Lauren Polos Are Back, Baby By Investing.com

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By Christiana Sciaudone Investing.com -- Polo preppy is back in.Ralph Lauren (NYSE:RL) jumped 2.7% after Cowen upgraded the stock to outperform from market perform as we set aside our loungewear. Shares are up more than 75% this year, but the Street may be underestimating the stock, analyst John Kernan wrote in a note, boosting the price target to $152 from $110, CNBC said. Demand for preppy luxe appears to be strengthening amid the company's cost-cutting measures, Kernan said. “Ralph Lauren is somewhat unique in its positioning in that a series of operational restructurings were put in...

28 April

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Nestle says 573 UK jobs at risk amid confectionery revamp By Reuters

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ZURICH (Reuters) - Nestle is restructuring its confectionery operations in Britain in a move that could cost nearly 600 jobs in the north east of the England, the world's biggest packed food company said on Wednesday. "We are proposing changes to adapt our confectionery manufacturing for the future with a 29.4 million pound ($40.8 million) investment at our factories in York and Halifax and the proposed closure of our Fawdon site towards the end of 2023. Regrettably, these proposals put 573 roles at risk, subject to consultation," its UK arm said in a statement. ...

28 April

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Exclusive-Aon’s $30 billion Willis deal set to win EU approval – sources By Reuters

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By Foo Yun Chee BRUSSELS (Reuters) -Insurance broker Aon (NYSE:AON) is set to gain conditional EU antitrust approval for its $30 billion bid for Willis Towers Watson (NASDAQ:WLTW) without having to offer more concessions, people familiar with the matter said. Aon, which clinched the deal a year ago to create the world's largest insurance broker ahead of Marsh & McLennan Companies Inc (NYSE:MMC), offered concessions to the European Commission earlier this month. Following feedback from rivals and customers last week, the EU competition enforcer has asked for some tweaks but is unlikely to ask for more...

28 April

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UK PM Johnson: I first heard about Super League plans on day it was announced By Reuters

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LONDON (Reuters) - British Prime Minister Boris Johnson said on Wednesday he was only informed of plans for soccer's breakaway European Super League on the Sunday they were first announced (April 18). "I first was made aware of a plan for a European Super League on, I think, the Sunday night and we acted decisively using the arsenal of legislative freedoms that we now have thanks to leaving the European Union," Johnson told parliament. ...

28 April

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The great exit: central banks line up to taper emergency stimulus By Reuters

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LONDON (Reuters) - The Bank of Canada set the taper ball rolling last week, becoming the first major central bank to cut back on pandemic-era money-printing stimulus programmes. So who's next? The big guns of central banking - the U.S. Federal Reserve, European Central Bank and the Bank of Japan - won't officially pare stimulus for a while, a message the BOJ reinforced on Tuesday and one the Fed is expected to reiterate on Wednesday. Yet the Bank of Canada's C$1 billion ($806 million) cut to its weekly bond-buying programme may remind investors that...

28 April

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English official says she is hopeful COVID vaccine protection will not wane quickly By Reuters

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LONDON (Reuters) - COVID-19 booster shots might be needed to protect against new variants but might not be necessary to sustain immunity as high protection offered by current vaccines looks unlikely to wane quickly, an English health official said. British officials have been planning for the possibility of a booster campaign later in the year after targeting initial protection for the whole adult population by the summer, with almost 34 million people having already received a first shot. As the duration of immunity is studied, Pfizer (NYSE:PFE) and the United States have both highlighted...

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Brexit hit to British banks still not fully felt, UK finance ministry says By Reuters

Visa Shares Hit 52-Week High On Return Of Spending By Investing.com

England on track for next stage of lockdown easing – health minister By Reuters

Analysis-Bent on reviving growth, CEE countries shun near-term inflation threat By Reuters

Ralph Lauren Polos Are Back, Baby By Investing.com

Nestle says 573 UK jobs at risk amid confectionery revamp By Reuters

Exclusive-Aon’s $30 billion Willis deal set to win EU approval – sources By Reuters

UK PM Johnson: I first heard about Super League plans on day it was announced By Reuters

The great exit: central banks line up to taper emergency stimulus By Reuters

English official says she is hopeful COVID vaccine protection will not wane quickly By Reuters

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