27 April

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ADM Gains As High Farm Commodity Prices, Chinese Demand Fuel Earnings By Investing.com

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By Dhirendra Tripathi Investing.com – Shares of Archer-Daniels-Midland Company (NYSE:ADM) reached a 52-week high Tuesday after the company milked strong Chinese demand and rising farm commodity prices in the March quarter to beat earnings expectations. The company’s stock has jumped more than 20% since the end of January, and Bank of America Corp (NYSE:BAC) gave the stock a buy last week citing “a renewed agriculture cycle that is expected to last a few years and potentially much longer.” Shares rose 2.9% on Tuesday. Agriculture commodities like corn and wheat have been trading at multi-year highs,...

27 April

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Creative start-ups and private flats: City of London eyes post-COVID future By Reuters

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By Kate Holton LONDON (Reuters) - London's "Square (NYSE:SQ) Mile" financial district plans to convert empty offices into homes and offer lower rents to creative businesses as part of a recovery plan from the COVID-19 pandemic, which has left many working from home and once bustling streets deserted. Built around the vast fortress-like Bank of England and home to ancient counting houses, narrow alleyways and Manhattan-style skyscrapers, the City of London is having to adapt to lure workers and companies back to a normal office life. It set out an action plan on Tuesday...

27 April

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Analysis: Bankers call for more bang to Britain’s big finance fightback By Reuters

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By Huw Jones LONDON (Reuters) - Shortly after Britain left the European Union, finance minister Rishi Sunak pledged a series of measures he dubbed "Big Bang 2.0" to ensure the City of London remained one of the world's top financial centres. Four months on, many financiers say his reforms to date are a far cry from Margaret Thatcher's explosive changes of the 1980s, which were known as Big Bang and led to London dominating much of global finance during the following decades. "There is a lot of process going on but it does not add...

27 April

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PACCAR Earnings, Revenue beat in Q1 By Investing.com

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PACCAR reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. PACCAR announced earnings per share of $1.35 on revenue of $5.41B. Analysts polled by Investing.com anticipated EPS of $1.29 on revenue of $5.38B. PACCAR shares are up 8% from the beginning of the year and are trading at $93.40 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 8.83% from the start of the year. PACCAR shares gained 0.06% in pre-market trade the report. PACCAR follows other major Consumer Cyclical sector earnings this month PACCAR's report...

27 April

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London Stock Exchange CEO pay hike faces shareholder vote By Reuters

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LONDON (Reuters) - London Stock Exchange Group (LON:LSEG) shareholders should reject a 25% pay rise for CEO David Schwimmer because of higher-than-expected costs for integrating the $27 billion acquisition of Refinitiv, a shareholder advisory service said. The exchange holds its annual shareholder meeting on Wednesday and reports quarterly earnings. Institutional Shareholder Services (ISS) said "concerns have been identified in connection with the acquisition" of Refinitiv, in particular over higher-than-expected integration costs. "As such, despite the strategic and financial benefits expected from the transaction, the appropriateness and timing of the proposed salary increase do not...

27 April

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Germany to Open Covid Vaccinations to All Adults by June By Bloomberg

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(Bloomberg) -- Chancellor Angela Merkel’s government aims to open Covid-19 vaccinations to all adults by June, dropping Germany’s rules that regulated who’s at the front of the queue. The country also intends to allow people who have been fully immunized or who have recovered from the disease privileges such as going shopping and visiting hairdressers without needing negative coronavirus tests, Merkel said after talks with regional leaders on Monday. Officials didn’t agree though on firm details. Following weeks of tension over pandemic policy and a sputtering vaccine campaign, the German chancellor was under pressure to...

27 April

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Sabadell’s TSB plans ‘pop-up’ services in UK to replace closing branches By Reuters

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LONDON (Reuters) - British bank TSB said on Tuesday it plans to launch 43 'pop-up' bank services across Britain after announcing plans to axe more than a third of its branches last year. The lender, owned by Spanish bank Sabadell, said in September it would close 164 branches in 2021, cutting its network down to 290 locations. The 43 pop-ups will be spread across the country with 22 in England, 19 in Scotland and two in Wales, with most based in areas where customers have to travel for more than 20 minutes to access a branch,...

27 April

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

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Fiserv (NASDAQ:FISV) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations. Fiserv announced earnings per share of $1.17 on revenue of $3.56B. Analysts polled by Investing.com anticipated EPS of $1.13 on revenue of $3.57B. Fiserv shares are up 11% from the beginning of the year and are trading at $126.55 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is up 8.83% from the start of the year. Fiserv follows other major Technology sector earnings this month Fiserv's report follows an earnings beat by Taiwan...

27 April

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Ryanair would develop UK routes if passenger tax cut – exec By Reuters

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DUBLIN (Reuters) - Ryanair would respond to any cut in Britain's Air Passenger Duty tax by boosting its domestic capacity in the country, a senior executive said on Tuesday. "There is huge potential for more connectivity within the UK ...

27 April

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British sports carmaker Lotus aims to expand, go all-electric by 2028 By Reuters

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By Nick Carey LONDON (Reuters) - British sports carmaker Lotus said on Tuesday it will invest more than two billion pounds ($2.8 billion) in new technology and in massively expanding production of its sports car models, and it hopes to switch to selling only electric cars by 2028. The Hethel, England-based firm, said its owners, Chinese firm Geely and Malaysia's Etika Automotive, will provide the financial muscle so the niche carmaker can ramp up production from an average of 1,500 cars per year to tens of thousands worldwide that will be sold at dealerships or online....

Меню

ADM Gains As High Farm Commodity Prices, Chinese Demand Fuel Earnings By Investing.com

Creative start-ups and private flats: City of London eyes post-COVID future By Reuters

Analysis: Bankers call for more bang to Britain’s big finance fightback By Reuters

PACCAR Earnings, Revenue beat in Q1 By Investing.com

London Stock Exchange CEO pay hike faces shareholder vote By Reuters

Germany to Open Covid Vaccinations to All Adults by June By Bloomberg

Sabadell’s TSB plans ‘pop-up’ services in UK to replace closing branches By Reuters

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

Ryanair would develop UK routes if passenger tax cut – exec By Reuters

British sports carmaker Lotus aims to expand, go all-electric by 2028 By Reuters

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