28 April

Sticky

Spotify results beat estimates as more users tune in By Reuters

Posted by admin

in News

STOCKHOLM (Reuters) - Spotify Technology SA beat Wall Street estimates for first-quarter revenue and paid subscribers on Wednesday, as the music streaming company launched in newer markets and recorded user growth in countries such as the United States and India. Premium subscribers, which account for most of the company's revenue, were up 21% to 158 million from a year earlier. Analysts on average were expecting the company to have 157.5 million paid subscribers, according to IBES data from Refinitiv. Spotify, which launched its services in 86 new countries in the quarter, said growth in the United...

28 April

0 Comments

Sticky

Weak flu season tempers Reckitt growth boost from pandemic-led cleaning By Reuters

Posted by admin

in News

By Siddharth Cavale (Reuters) -Lysol maker Reckitt Benckiser Group reported a higher-than-expected jump in quarterly sales as households stuck with heightened cleaning regimens a year into the COVID-19 pandemic, and the company backed its full-year outlook. Shares, however, fell nearly 2% in morning trade as a weak flu season saw fewer people reach for cold remedies and declining birth rates hit sales of baby formula products. The Slough-based company reported a 4.1% rise in like-for-like sales for the first quarter, higher than the 2.4% growth analysts had expected, according to a company-supplied consensus, led by Lysol...

28 April

0 Comments

Sticky

Persimmon says forward sales 11% ahead of 2019 levels By Investing.com

Posted by admin

in News

By Samuel Indyk Investing.com – Homebuilder Persimmon has announced a strong start to the year, with the group’s forward sales position of around £3.0bln 11% ahead of the same period in 2019 and 23% ahead of last year. The average selling price has also edged higher to around £252,000 from £244,500 last year. “Our build rates continue at pre-Covid levels and we remain on track to deliver first half volumes approaching those of the first half of 2019,” said Persimmon (LON:PSN) CEO Dean Finch. “We are progressing our land holdings and taking advantage of...

28 April

0 Comments

Sticky

Ad group WPP returns to growth as clients anticipate recovery By Reuters

Posted by admin

in News

(Repeats to additional subscribers) By Kate Holton LONDON (Reuters) - WPP (LON:WPP), the world's biggest advertising company, returned to underlying growth in the first quarter of the year after clients launched new products and brands ahead of an expected global economic recovery. Mirroring the improving picture at rivals Omnicom and Publicis, Chief Executive Mark Read said bosses could see the recovery coming and even though COVID restrictions remained, companies and consumers have found ways to spend. Having posted a 6.5% drop in underlying net sales in the fourth quarter, the group said sales jumped by 3.1%...

28 April

0 Comments

Sticky

Weekly Comic: Leaders Promise Shock Reduction in Hot Air By Investing.com

Posted by admin

in News

By Geoffrey Smith Investing.com -- It’s easy to dismiss President Joe Biden’s climate summit last week as empty showmanship, a bit of political virtue-signaling by an elite anxious to avoid being cast as the global villain in the great drama of our age Easy, but wrong. Donald Trump’s defeat last November almost certainly marked the last time that Climate Change deniers will hold power in a major advanced economy. Among G20 states, Brazil’s Jair Bolsonaro is the last holdout and he seems certain to be evicted from power next year, after a disastrous slump in his ratings...

28 April

0 Comments

Sticky

EU lawmakers clear post-Brexit trade deal with Britain By Reuters

Posted by admin

in News

BRUSSELS (Reuters) -The European Parliament has voted overwhelmingly in favour of the post-Brexit trade deal between Britain and the European Union, clearing the last hurdle towards full ratification of the accord. EU lawmakers backed the trade and cooperation agreement by 660 votes to five, with 32 abstentions, the parliament announced on Wednesday. The vote took place on Tuesday, but coronavirus working restrictions meant the result was not immediately known. Parliament's consent brings to an end over four years of acrimonious negotiations and debate and lingering mistrust as Britain ended 47 years of EU membership. ...

28 April

0 Comments

Sticky

J.C. Flowers, Bain Capital Credit to buy into recovering Co-Op Bank By Reuters

Posted by admin

in News

By Simon Jessop LONDON (Reuters) -The Co-Operative Bank said on Wednesday that J.C. Flowers and Bain Capital Credit had agreed to buy a minority stake in the company from an existing investor, alongside a trading update that showed the lender's turnaround was ahead of schedule. The two buyout groups were set to buy the 10.01% of the company's A shares and 12.05% of the B shares currently owned by BlueMountain, Co-Op Bank said in a statement, without giving financial details. The deal remains subject to regulatory clearance. Along with smaller peers, the challenger bank has...

28 April

0 Comments

Sticky

EU legal case against AstraZeneca begins in Brussels court By Reuters

Posted by admin

in News

BRUSSELS (Reuters) - The European Commission's legal proceedings against Anglo-Swedish drugmaker AstraZeneca (NASDAQ:AZN) over vaccine supplies began at the Brussels Court of First Instance on Wednesday. The Commission, the European Union's executive, launched the proceedings accusing the company of failing to fulfil its contract for the supply of COVID-19 vaccines, and for not having a "reliable" plan to ensure timely deliveries. The proceedings are public, will be made up of two hearings, and conducted under an emergency procedure, which means they could be concluded in a matter of weeks, the Commission said. ...

28 April

0 Comments

Sticky

Lloyds, WPP pull FTSE 100 higher ahead of Fed policy meet By Reuters

Posted by admin

in News

(Reuters) - London's FTSE 100 climbed on Wednesday, boosted by a series of positive earnings updates from companies, including Lloyds Banking Group (LON:LLOY) and WPP (LON:WPP), while investors awaited the outcome of the U.S. Federal Reserve's policy meeting. The blue-chip index rose 0.4%, with Lloyds Banking Group jumping 3.7% after Britain's biggest domestic bank reported upbeat profit for the first three months of the year. WPP gained 3.2% after the world's biggest advertising company said its underlying net sales had returned to growth ahead of target as clients started to spend to prepare for the global...

28 April

0 Comments

Sticky

Fed to Stay Patient as U.S. Outlook Improves: Decision-Day Guide By Bloomberg

Posted by admin

in News

(Bloomberg) -- Federal Reserve Chair Jerome Powell is expected to maintain aggressive U.S. economic support, even as faster vaccinations have brightened the outlook for recovery. The Federal Open Market Committee is all but certain to hold interest rates near zero at the conclusion of a two-day policy meeting Wednesday, and repeat a vow to keep buying bonds at the current $120 billion monthly pace. The panel will release a statement at 2 p.m. in Washington and Powell will hold a press briefing 30 minutes later. No quarterly forecasts are published at this meeting. “The Fed is...

Меню

Spotify results beat estimates as more users tune in By Reuters

Weak flu season tempers Reckitt growth boost from pandemic-led cleaning By Reuters

Persimmon says forward sales 11% ahead of 2019 levels By Investing.com

Ad group WPP returns to growth as clients anticipate recovery By Reuters

Weekly Comic: Leaders Promise Shock Reduction in Hot Air By Investing.com

EU lawmakers clear post-Brexit trade deal with Britain By Reuters

J.C. Flowers, Bain Capital Credit to buy into recovering Co-Op Bank By Reuters

EU legal case against AstraZeneca begins in Brussels court By Reuters

Lloyds, WPP pull FTSE 100 higher ahead of Fed policy meet By Reuters

Fed to Stay Patient as U.S. Outlook Improves: Decision-Day Guide By Bloomberg

FINSPECTION MANAGEMENT LTD

FINSPECTION PLC LTD

FINACOM MANAGEMENT NV