27 January

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European stocks head lower, LVMH shines after earnings By Reuters

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(Reuters) - European stocks slid on Wednesday, weighed down by concerns about a slow economic recovery, while most investors kept to the sidelines ahead of the U.S. Federal Reserve's policy decision. The pan-European STOXX 600 index dropped 0.4% in early trading, following losses in Asian markets and Wall Street. Microsoft (NASDAQ:MSFT)'s bumper results did little to help Europe's tech sector, which...

27 January

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Britain eyes higher contactless payment ceiling after pandemic surge By Reuters

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LONDON (Reuters) - Britain's Financial Conduct Authority said on Wednesday it will consult on raising the limit on contactless payments from 45 pounds to 100 pounds ($62-$137) following a rise in such payments since the pandemic unfolded. "Since the limit for contactless card payments was raised to 45 pounds last April at the start of...

27 January

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FTSE 100 drops as lockdowns weigh on mining shares; Fresnillo dips By Reuters

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(Reuters) - Britain's FTSE 100 fell on Wednesday, led by declines in mining shares as a surge in virus cases and movement curbs raised demand worries, while precious metals miner Fresnillo dropped after predicting lower gold output. The blue-chip FTSE 100 index dropped 0.6% with miners and travel stocks falling the most, while the mid-cap index gained 0.1%. British retailers dropped...

27 January

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Optimism grows as Europe’s earnings season get underway By Reuters

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LONDON (Reuters) - Expectations for European companies' profits in the last quarter of 2020 are improving as the reporting season gets underway, according to Refinitiv I/B/E/S data. Companies listed on the pan-European STOXX 600 index are expected to see a 24.3% fall in fourth-quarter earnings, an improvement compared to last week's prediction of a 26.2% retreat. Refinitiv added that out...

27 January

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Pearson shares rise on GameStop contagion By Investing.com

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By Samuel Indyk Investing.com – Pearson PLC (LON:PSON) shares gained over 12% in early trading on Wednesday as a rally in heavily shorted stocks continued its move in Europe. The moves in heavily shorted stocks began with GameStop Corp (NYSE:GME) in the US when an army of traders on the WallStreetBets subreddit helped push the company’s share price higher,...

27 January

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Japan shares higher at close of trade; Nikkei 225 up 0.31% By Investing.com

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Investing.com – Japan equities were higher at the close on Wednesday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors propelled shares higher. At the close in Tokyo, the Nikkei 225 gained 0.31%. The biggest gainers of the session on the Nikkei 225 were Nitto Denko Co (T:6988), which rose 7.91% or 740.0 points...

27 January

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Poundland owner Pepco Group’s Christmas quarter sales dented by COVID By Reuters

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LONDON (Reuters) - Pepco Group, the owner of British discount retailer Poundland, said same store sales fell 2.1% in its Christmas quarter, impacted by closures due to the COVID-19 pandemic. The retailer, which also owns the PEPCO and Dealz brands in Europe, said trading stores - stores that were open for the full duration of any week in the quarter to end-December -...

27 January

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EDF to delay start of Britain’s Hinkley Point project, higher costs By Reuters

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PARIS (Reuters) - France's EDF (PA:EDF) said on Wednesday the launch of its Hinkley Point C nuclear plant project in Britain would be delayed by six months, to June 2026, adding the costs had been revised up. "The project completion costs are now estimated in the range of 22 to 23 billion pounds...

27 January

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Yellen Cites Treasury-Fed Coordination in New Crisis Campaign By Bloomberg

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(Bloomberg) -- Treasury Secretary Janet Yellen highlighted the past coordination between her new department and her previous fiefdom, the Federal Reserve, as she sought to rally the agency’s staff in battling an array of crises besetting the nation. “Economics isn’t just something you find in a textbook,” she wrote in a memo to the...

27 January

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Latest Biden Climate Plan Include E-Trucks, Oil Lease Halt By Bloomberg

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(Bloomberg) -- President Joe Biden is set to order fresh action to combat climate change -- with plans for blocking new oil leasing on federal land, prioritizing science in government decision-making and bringing world leaders together to address the threat. The policy plans and directives, some of which are expected as soon as Wednesday, were described by people familiar with the plans. A...

Меню

European stocks head lower, LVMH shines after earnings By Reuters

Britain eyes higher contactless payment ceiling after pandemic surge By Reuters

FTSE 100 drops as lockdowns weigh on mining shares; Fresnillo dips By Reuters

Optimism grows as Europe’s earnings season get underway By Reuters

Pearson shares rise on GameStop contagion By Investing.com

Japan shares higher at close of trade; Nikkei 225 up 0.31% By Investing.com

Poundland owner Pepco Group’s Christmas quarter sales dented by COVID By Reuters

EDF to delay start of Britain’s Hinkley Point project, higher costs By Reuters

Yellen Cites Treasury-Fed Coordination in New Crisis Campaign By Bloomberg

Latest Biden Climate Plan Include E-Trucks, Oil Lease Halt By Bloomberg

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