12 August

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JetBlue launches first London flight despite lingering pandemic By Reuters

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By Sarah Young and Tracy Rucinski (Reuters) - JetBlue Airways Corp started transatlantic flights between New York and London on Wednesday, planning to grab market share with low fares and drive a recovery on what is usually one of the world's busiest and most lucrative international routes. Transatlantic travel remains partially shut as the United States is still not allowing most travelers from Britain into the country because of the coronavirus pandemic. Anyone who does enter, including U.S. citizens, must present a negative COVID-19 test. The UK only opened to fully vaccinated U.S. travelers earlier...

12 August

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S&P 500 Climbs to Fresh Record High as Tech Finds Strength By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 hit a fresh intraday record Thursday, as megacap tech rebounded from its recent malaise but the bid up in cyclicals faded even as Wall Street touted further gains ahead. The S&P 500 rose 0.18% to keep close to its intraday record of 4,458.10, while the Dow Jones Industrial Average fell 0.04%, or 13 points after hitting a record high of 35,510.77. The Nasdaq was up 0.2%. Megacap tech stocks were in the ascendency, to keep the overall tech sector trending above the flatline following pressure from Intel and...

12 August

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Canada shares lower at close of trade; S&P/TSX Composite down 0.20% By Investing.com

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Investing.com – Canada equities were lower at the close on Thursday, as losses in the Materials, Clean Technology and Healthcare sectors propelled shares lower. At the close in Toronto, the S&P/TSX Composite fell 0.20%. The biggest gainers of the session on the S&P/TSX Composite were Lithium Americas Corp (TSX:LAC), which rose 6.73% or 1.49 points to trade at 23.62 at the close. Stelco Holdings Inc (TSX:STLC) added 6.19% or 2.75 points to end at 47.20 and ATS Automation Tooling Systems Inc. (TSX:ATA) was up 4.06% or 1.72 points to 44.05...

12 August

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Aviva to return $5.5 billion to investors, Cevian demands more By Reuters

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By Carolyn Cohn LONDON (Reuters) -British insurer Aviva (LON:AV) pledged on Thursday to return at least 4 billion pounds ($5.5 billion) to shareholders, sending its shares surging, but activist investor Cevian Capital demanded more. Cevian, which revealed in June it had built up a near 5% stake in the FTSE 100 company, promptly reiterated that Aviva should return 5 billion pounds of excess capital by the end of 2022. "The at least four billion pounds excess capital return ...

12 August

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Home Prices in the U.S. Soar 23%, the Fastest Rate on Record By Bloomberg

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(Bloomberg) -- U.S. home prices rose the most on record in the second quarter as buyers battled for a scarcity of listings. The median price of an existing single-family home jumped 23% from a year earlier to an all-time high of $357,900, the National Association of Realtors said in a report Thursday. About 94% of 183 metropolitan areas measured had double-digit gains, up from 89% in the first quarter. Low mortgage rates have stoked the hot U.S. housing market for more than a year, with a shortage of inventory pushing prices ever higher. Buyers are...

12 August

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Global M&A volumes hit new record in 2021, overtaking last year’s haul By Reuters

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By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) - Global merger and acquisition (M&A) activity has breached new highs, building on the record-breaking dealmaking streak from the beginning of the year that has been aided by low interest rates and soaring stock prices. According to Refinitiv data, the total value of pending and completed deals announced in 2021 has already touched $3.6 trillion year-to-date, surpassing the full-year tally of $3.59 trillion in 2020. So far this year, 35,128 deals have been announced, a 24% jump over last year. Global M&As in the last 10 years...

12 August

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EU brands Polish media bill ‘a negative signal’ By Reuters

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(Reuters) - The European Commission on Thursday criticized a Polish bill limiting foreign ownership of media companies that has been passed by the country's lower house of parliament, saying it sent a negative signal. "Media pluralism and diversity of opinions are what strong democracies welcome, not fight against," the Vice President of the European Union's executive, Vera Jourova, who is responsible for media freedom, said on Twitter. "The draft Polish broadcasting law sends a negative signal." On Wednesday, Polish lawmakers passed a bill that would strengthen a ban on firms from outside the European Economic...

12 August

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Facebook may have to sell GIF-maker Giphy on UK competition concerns By Reuters

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By Pushkala Aripaka (Reuters) -Britain might require Facebook (NASDAQ:FB) to sell GIF website Giphy after the country's competition regulator said on Thursday its investigation found the deal between the two companies would hurt the display advertising market. Facebook, the world's largest social media company, bought Giphy, a website for making and sharing animated images, or GIFs, in May last year to integrate it with its photo-sharing app, Instagram. The deal was pegged at $400 million by Axios. The UK's Competition and Markets Authority (CMA) began a probe into the deal in January, and in April...

12 August

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Sonos Soars On Revising Forecast Again As It Swings Back To Profit By Investing.com

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By Dhirendra Tripathi Investing.com -- Sonos stock (NASDAQ:SONO) jumped 11% in Thursday’s premarket trading as the company revised its annual guidance for the second time as demand for its products brought it back to profitability. The company now sees its revenue in the range of $1.69 billion to $1.71 billion, a growth of 28%-29% year-over-year. It had earlier revised it to $1.62 billion-$1.67 billion. Adjusted EBITDA is now seen between $270 million and $280 million. The company listed a few reasons including a blended office-home life for the increasing demand for its products. According to Sonos...

12 August

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Cineworld eyes U.S. listing to bolster pandemic-strained finances By Reuters

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By Muvija M (Reuters) -Cineworld said on Thursday it was considering a plan to list its shares on Wall Street or partially float its movie chain Regal as it seeks to shore up its finances, at a time when it is burning through millions of dollars every month. Laying out the rationale in its first-half results, Cineworld said the U.S. markets were the largest and most liquid in the world and include a large number of publicly listed cinema companies. Its shares jumped 6% by 0716 GMT on the London Stock Exchange. Cineworld, the world's...

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JetBlue launches first London flight despite lingering pandemic By Reuters

S&P 500 Climbs to Fresh Record High as Tech Finds Strength By Investing.com

Canada shares lower at close of trade; S&P/TSX Composite down 0.20% By Investing.com

Aviva to return $5.5 billion to investors, Cevian demands more By Reuters

Home Prices in the U.S. Soar 23%, the Fastest Rate on Record By Bloomberg

Global M&A volumes hit new record in 2021, overtaking last year’s haul By Reuters

EU brands Polish media bill ‘a negative signal’ By Reuters

Facebook may have to sell GIF-maker Giphy on UK competition concerns By Reuters

Sonos Soars On Revising Forecast Again As It Swings Back To Profit By Investing.com

Cineworld eyes U.S. listing to bolster pandemic-strained finances By Reuters

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