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Exclusive: China’s Ant to hive off credit data in revamp; sees IPO in 2 years-sources By Reuters

By Julie Zhu, Yingzhi Yang and Kane Wu (Reuters) - Ant Group Co plans to spin off its consumer-credit data operations, people with knowledge of the matter said, a concession to aggressive regulators that should help the Chinese fintech giant get its massive public share sale back on track. Hiving off the treasure trove of data on more than 1 billion...

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Ireland says Northern Ireland protocol will not be dramatically changed By Reuters

DUBLIN (Reuters) - The European Union is considering demands by Britain and some Northern Irish politicians to extend grace periods for checks on goods between the two but the Northern Ireland protocol will not be dramatically changed, Ireland's foreign minister said. "The idea of grace periods was to allow time for adjustment, not to put permanent alternatives in place. Whether it is...

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Vaccine passports: path back to normality or problem in the making? By Reuters

By Natalie Thomas LONDON (Reuters) - Governments and developers around the world are exploring the potential use of "vaccine passports" as a way of reopening the economy by identifying those protected against the coronavirus. Those developing the technologies however, say such tools come with consequences such as potentially excluding whole groups from social...

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KAZ Minerals Chairman makes improved bid for the company By Investing.com

By Samuel Indyk Investing.com – A consortium trying to take KAZ Minerals PLC (LON:KAZ) private has raised its offer for the company to £7.80 per share. The bid from Nova Resources - the consortium headed by KAZ Minerals chair Oleg Novachuk – would value the company as approximately £3.7bln. Nova Resources had previously made a bid for the London-listed miner in October last...

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Britain’s JD Sports boosts war chest with $631 million share issue By Reuters

By James Davey LONDON (Reuters) - Britain's biggest sportswear retailer JD Sports Fashion is targeting further acquisitions after raising 464 million pounds ($631 million) through a placing of new shares, it said on Thursday. The fast-growing group has been expanding abroad since it set up a Malaysian joint venture in 2015. It purchased the Finish Line in the United States in 2018...

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UK’s Cranswick sees strong FY performance after Christmas sales boom By Reuters

(Reuters) - Meat processor Cranswick (LON:CWK) on Thursday said its annual performance would come in ahead of expectations, after more people feasted on its pork and chicken products while spending Christmas indoors during the COVID-19 pandemic. The company, which owns farms and supplies pork and chicken to British grocery retailers, said its performance during the festive period was ahead of last year,...

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Housebuilder Barratt’s sees strong demand for new homes, reinstates dividend By Reuters

(Reuters) - UK's biggest housebuilder Barratt on Thursday reported a near 2% rise in first-half pretax profit and said there is strong demand for new homes, as buyers take advantage of a temporary reduction in purchase taxes. Shares of the company rose 3.2% to 694.8 pence in early trading. Britain's housing market boomed in 2020 after coronavirus-led restrictions ended in June, boosted...

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Shell profit slides to $4.8 billion in 2020 as pandemic hits demand By Reuters

By Ron Bousso and Shadia Nasralla LONDON (Reuters) - Royal Dutch Shell (LON:RDSa)'s profit dropped to its lowest in at least two decades last year as the coronavirus pandemic hit energy consumption worldwide though the company said it expected to raise its dividend again in a sign of confidence. Shell's adjusted earnings for 2020 slumped 71% to $4.8 billion, the lowest since...

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Deutsche Bank swings to net profit in 2020, its first since 2014 By Reuters

FRANKFURT (Reuters) - Deutsche Bank (DE:DBKGn) swung to a small annual profit in 2020, its first since 2014, on the back of strong gains at its investment banking division, the German lender said on Thursday. The net profit attributable to shareholders of 113 million euros ($135.69 million) compares with a 2019 loss of 5.7 billion euros. Analysts had expected a...

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