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Vistry sees annual profit at top end of range, to pay final dividend By Reuters

(Reuters) - UK homebuilder Vistry Group Plc said on Tuesday it expects annual profit to be at the top end of its previously issued outlook range, and that it would resume dividend payments as the housing market recovers from the COVID-19 pandemic blow. Shares of the company were trading about 4% higher in early trade. With increased website traffic, high house prices...

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Short-term uptick in inflation will not overturn ECB policy, says Schnabel By Reuters

BERLIN (Reuters) - A short-term rise in inflation will not have material impact on the European Central Bank's monetary policy decisions, ECB board member Isabel Schnabel said in an interview published on Tuesday. "There are no signs at the moment that we should worry about inflation being too high," Schnabel told Austrian newspaper Der Standard. The ECB rather expected prices...

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UK Stocks-Factors to watch on Jan.12 By Reuters

Jan 12 - Britain's FTSE 100 .FTSE index is seen opening 1 point higher at 6,800 on Tuesday, according to financial bookmakers. Marks & Spencer: Marks & Spencer (MKS.L) has purchased the Jaeger brand from its administrators as part of a strategy to bolster its clothing division with new names. BP: U.S. employee political action committee at BP (BP.L) is suspending...

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Greeting cards company Moonpig plans London listing By Reuters

LONDON (Reuters) - Online greetings card company Moonpig is planning a London stock market listing, it said on Tuesday. The company, which operates in Britain as Moonpig and in the Netherlands as Greetz, is targeting net debt of two times earnings before interest, taxes, depreciation and amortisation (EBITDA), it said in a statement. Moonpig, which is backed by a slew of private...

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UK DIY retailer Kingfisher’s sales up 16.9% By Reuters

LONDON (Reuters) - Home improvement retailer Kingfisher (LON:KGF) on Tuesday reported strong trade across its markets with fourth-quarter to Jan. 9 underlying sales up 16.9%. Based on trading to date, it said it was comfortable with the top end of the range of current sell-side analyst estimates for 2020-21 adjusted profit before tax of 667 million to 742 million pounds...

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How China Won Trump’s Trade War and Got Americans to Foot the Bill By Bloomberg

(Bloomberg) -- Supply Lines is a daily newsletter that tracks Covid-19’s impact on trade. Sign up here, and subscribe to our Covid-19 podcast for the latest news and analysis on the pandemic. U.S. President Donald Trump famously tweeted that “trade wars were good, and easy to win” in 2018 as he began to impose tariffs on about $360 billion of imports from China. Turns out he...

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Canada shares lower at close of trade; S&P/TSX Composite down 0.34% By Investing.com

Investing.com – Canada equities were lower at the close on Monday, as losses in the Real Estate, REITs and Utilities sectors propelled shares lower. At the close in Toronto, the S&P/TSX Composite lost 0.34%. The biggest gainers of the session on the S&P/TSX Composite were NFI Group Inc (TSX:NFI), which rose 12.28% or 3.11 points to trade at 28.44 at the...

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Biden Gets Second Shot and Faults Mask-Rejecting Republicans By Bloomberg

(Bloomberg) -- President-elect Joe Biden received his second dose of a coronavirus vaccine on Monday -- warning that the pandemic will worsen before it improves and criticizing Republican lawmakers who refused to wear masks while hiding from a mob at the U.S. Capitol last week. Biden told reporters he was “appalled” to learn that some Republican members of Congress refused to wear masks...

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