06 July

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Ocado boss predicts UK ultra-fast grocery delivery will stay small By Reuters

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LONDON (Reuters) - Rapid delivery grocery firms will only ever account for a small chunk of Britain's overall food market as the bulk of consumers will always prefer the lower prices and larger ranges offered by bigger retailers, Ocado (LON:OCDO) boss Tim Steiner said. The country's grocery sector faces a new threat from companies like Weezy, Getir, Dija, and Gorillas who offer an ultra-fast service, supplying groceries via apps in as little as 15 minutes. But British online grocer and technology group Ocado said the new entrants posed much more of a danger to neighbourhood...

06 July

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U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.89% By Investing.com

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Investing.com – U.K. equities were lower at the close on Tuesday, as losses in the Automobiles & Parts, Oil & Gas Producers and Industrial Metals & Mining sectors propelled shares lower. At the close in London, the Investing.com United Kingdom 100 lost 0.89%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Informa PLC (LON:INF), which rose 2.33% or 12.20 points to trade at 535.60 at the close. Segro Plc (LON:SGRO) added 1.61% or 18.00 points to end at 1136.00 and United Utilities Group PLC (LON:UU)...

06 July

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S&P 500 Fell on Fears Rapid Growth Nearing Peak By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 fell Tuesday, as sea of red washed over economically-sensitive stocks after plunging U.S. bond yields pointed to fears the reopening-led boost to the economy is nearing a peak. The S&P 500 fell 0.8%, the Dow Jones Industrial Average slipped 1.09%, or 382 points, the Nasdaq was down 0.6%. Services activity, accounting for nearly 80% of U.S. private-sector gross domestic product, slipped more than expected, stoking fears that the pace of the economic recovery is running out of steam. The June headline ISM Services PMI slipped to 60.1 from 64.0 the previous month....

06 July

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FTSE 100 tumbles, oil lower after OPEC, USD strengthens By Investing.com

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Key Points FTSE 100 closing price of 7,102.66, -0.87% Oil lower as OPEC ends with no agreement Energy companies, miners weigh on FTSE USD strengthens Bitcoin steady around $34K despite more China headlines By Samuel Indyk Investing.com – The FTSE 100 fell on Tuesday amid broad based selling in global equity markets following disappointing US and European data. Although both the German ZEW survey and US ISM non-manufacturing PMI remain at elevated levels, the two measures both missed expectations and moderated from the prior month. The energy sector was weak after oil prices declined amid the...

06 July

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G20 to back global corporate tax deal, says French finance minister By Reuters

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PARIS (Reuters) - French Finance Minister Bruno Le Maire said on Tuesday his G20 counterparts are poised to give political endorsement of a proposed overhaul of how multinational companies are taxed during a meeting this week. Last week, 130 countries backed the biggest changes to cross-border corporate tax in more than a generation with new rules on where companies are taxed and a tax rate of at least 15%. The package goes next to G20 finance ministers to give political endorsement at a meeting on Friday and Saturday in Venice. "We now must reach a political...

06 July

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Estonia decries detention of diplomat in Russia By Reuters

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MOSCOW/VILNIUS (Reuters) -Estonia accused Russia on Tuesday of detaining one of its diplomats after a "set-up" designed to make him look like a spy, saying the incident showed Russia was choosing confrontation in its relations with Europe. Russia's Federal Security Service (FSB) said it had detained St Petersburg-based diplomat Mart Latte after he was "caught red handed" receiving confidential information from a Russian citizen. "This activity is not compatible with the status of a diplomatic official, and its nature is clearly hostile to the Russian Federation," the FSB said in a statement. "Measures in accordance with...

06 July

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European shares drop as investors turn to bonds amid economic uncertainty By Reuters

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(Reuters) - European stocks retreated sharply from two-week highs on Tuesday, breaking a three-day winning streak as investors flocked to bonds on worries over risks to rebounding global economic growth. All major European bourses lost almost 1%, with France's CAC 40 down 0.9% and the oil heavy FTSE 100 posting its worst session in two weeks, as government bond yields across the euro area fell to their lowest levels in at least three weeks. [GVD/EUR] German investor morale fell by much more than expected in July but remained at a very high level,...

06 July

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FTSE 100 ends worst session in nearly three-weeks as banks, commodity-linked stocks weigh By Reuters

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(Adds missing figures in paragraph 9) By Amal S (Reuters) - London's FTSE 100 marked its worst session in nearly three weeks on Tuesday, dragged down by commodity-linked and bank stocks, while a stronger pound weighed on export-oriented companies. The blue-chip index dropped 0.9%, pulled down by miners, energy and major banking stocks. Dollar-earnings consumer staples companies Unilever (LON:ULVR), Diageo (LON:DGE), and British American Tobacco (LON:BATS) were among the biggest drags on the export-heavy index as sterling hit over a week's high against the dollar. Britain's 2 trillion-pound ($2.8 trillion)...

06 July

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‘Emerging from a chrysalis’: UK’s M&S promises surprise from reshaped business By Reuters

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By James Davey LONDON (Reuters) - British clothing and food retailer Marks & Spencer is emerging from the COVID-19 crisis as a very different business that will surprise people with its financial performance, Chairman Archie Norman said on Tuesday. Norman and Chief Executive Steve Rowe believe the pandemic has masked progress the 137-year-old group has made in its latest attempt at a turnaround after decades of failures. They have focused on transforming the culture in M&S, improving the quality and value of its clothing and food products, while reshaping its store estate and investing in technology...

06 July

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Move to enshrine climate fight in French constitution fails -PM By Reuters

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PARIS (Reuters) -French Prime Minister Jean Castex said on Tuesday an initiative to enshrine the fight against climate change in the constitution was at an end, after parliament's upper house voted to block a constitutional referendum on the issue. The upper house voted on Monday against plans for a referendum, which had been promised by President Emmanuel Macron in response to criticism that he was not doing enough to protect the planet. Referring to the decision of the upper house, Castex said: "This vote, alas, puts an end to the process of amending the...

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Ocado boss predicts UK ultra-fast grocery delivery will stay small By Reuters

U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.89% By Investing.com

S&P 500 Fell on Fears Rapid Growth Nearing Peak By Investing.com

FTSE 100 tumbles, oil lower after OPEC, USD strengthens By Investing.com

G20 to back global corporate tax deal, says French finance minister By Reuters

Estonia decries detention of diplomat in Russia By Reuters

European shares drop as investors turn to bonds amid economic uncertainty By Reuters

FTSE 100 ends worst session in nearly three-weeks as banks, commodity-linked stocks weigh By Reuters

‘Emerging from a chrysalis’: UK’s M&S promises surprise from reshaped business By Reuters

Move to enshrine climate fight in French constitution fails -PM By Reuters

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