11 March

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UK’s Morrisons sees halving of profit as ‘badge of honour’ in COVID year By Reuters

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By James Davey LONDON (Reuters) - British supermarket group Morrisons said a halving of annual profit due largely to costs incurred during the COVID-19 pandemic was a "badge of honour" as the priority in 2020-21 had been feeding the nation. The group said on Thursday it made profit before tax and exceptional items of 201 million pounds ($280 million) in the year...

11 March

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GlaxoSmithKline, Vir Biotechnology’s Covid drug reduces hospitalisation and death By Investing.com

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By Samuel Indyk Investing.com – GlaxoSmithKline PLC (LON:GSK) and Vir Biotechnology Inc (NASDAQ:VIR) today announced their VIR-7831 antibody drug reduces hospitalisation or death of adults with Covid-19 by 85%. An Independent Data Monitoring Committee has now recommended the Phase 3 COMET-ICE trial evaluating the drug as a monotherapy for the early treatment of Covid-19 in adults at high risk of hospitalisation...

11 March

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UK committed to pragmatically resolution of Northern Ireland trade issues with EU: Raab By Reuters

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(Reuters) - Britain is committed to "pragmatically resolving" Northern Ireland trade issues with the European Union in their Joint Committee, Foreign Secretary Dominic Raab said on Thursday during a visit to Estonia. "The action we've taken is lawful, it's targeted, it's just to make sure that the commitment to preserve the integrity of trade in the internal market is properly respected", Raab...

11 March

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Make-or-break EDF restructuring talks seen concluding in March, sources say By Reuters

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PARIS (Reuters) - Negotiations between Paris and Brussels over an overhaul of state-controlled power group EDF (PA:EDF) are entering a final stage, with an outcome expected by the end of March, two union sources and a third person familiar with the discussions said. One of the union sources briefed on the matter said there was some cause for optimism that a...

11 March

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Greatland Gold hails “outstanding” drilling results at Havieron By Investing.com

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By Samuel Indyk Investing.com – Greatland Gold Plc (LON:GGPL), the UK-listed mineral exploration company, has today provided an update on its drilling campaign at Havieron in the Paterson region of Western Australia. The company said latest high-grade drilling results from infill drilling provide additional confidence of both geological and grade continuity within the existing resource shell. Since their last update, the...

11 March

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Shell CEO takes large pay cut after bruising 2020 By Reuters

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By Ron Bousso and Indranil Sarkar LONDON (Reuters) - Royal Dutch Shell (LON:RDSa) Chief Executive Ben van Beurden's pay package dropped by 42% to $7 million in 2020, a year in which the coronavirus pandemic pushed the energy company to a historic dividend cut following a collapse in profits. Van Beurden, who initially oversaw growth in Shell's oil and gas output after...

11 March

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Tesla raises price of variants of Model Y, Model 3, Model S By Reuters

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(Reuters) - Tesla Inc has increased price of its Model Y Long Range and Model S Plaid plus by $10,000, the electric-car maker's website showed. The price of its Model 3 Standard Range Plus has been increased to $37,490 from $36,990 earlier and Model 3 Long Range AWD was raised to $46,490...

11 March

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Rolls-Royce plunges to worse than expected $5.6 billion loss By Reuters

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LONDON (Reuters) - British engine-maker Rolls-Royce (LON:RR) plunged to a worse than expected 4 billion pound ($5.58 billion) loss in 2020 as the pandemic stopped airlines flying, but stuck to its outlook for 2021. Rolls-Royce posted group underlying pre-tax profit of 4 billion pounds for last year compared to the 3.1 billion pound...

11 March

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Japan shares higher at close of trade; Nikkei 225 up 0.60% By Investing.com

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Investing.com – Japan equities were higher at the close on Thursday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors propelled shares higher. At the close in Tokyo, the Nikkei 225 gained 0.60%. The biggest gainers of the session on the Nikkei 225 were Kawasaki Kisen Kaisha, Ltd. (T:9107), which rose 12.71% or 244.0...

11 March

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Premier Li’s Annual Briefing; Hong Kong Decision: NPC Update By Bloomberg

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(Bloomberg) -- China’s biggest political gathering of the year comes to a close Thursday, with the National People’s Congress expected to approve overhauls to Hong Kong’s electoral system and Premier Li Keqiang scheduled to hold his once-a-year news briefing. The focus is likely to be on Li, whose annual press conference represents one of the rare occasions when a top leader of the...

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UK’s Morrisons sees halving of profit as ‘badge of honour’ in COVID year By Reuters

GlaxoSmithKline, Vir Biotechnology’s Covid drug reduces hospitalisation and death By Investing.com

UK committed to pragmatically resolution of Northern Ireland trade issues with EU: Raab By Reuters

Make-or-break EDF restructuring talks seen concluding in March, sources say By Reuters

Greatland Gold hails “outstanding” drilling results at Havieron By Investing.com

Shell CEO takes large pay cut after bruising 2020 By Reuters

Tesla raises price of variants of Model Y, Model 3, Model S By Reuters

Rolls-Royce plunges to worse than expected $5.6 billion loss By Reuters

Japan shares higher at close of trade; Nikkei 225 up 0.60% By Investing.com

Premier Li’s Annual Briefing; Hong Kong Decision: NPC Update By Bloomberg

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