17 June

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Miners drag FTSE 100 from 16-month highs By Reuters

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By Devik Jain and Amal S (Reuters) - Miners knocked London's FTSE 100 index off 16-month highs on Thursday as a hawkish turn by the U.S. Federal Reserve hit commodity prices, although Britain's plans to ease travel restrictions allowed airline shares to buck the trend. The blue-chip index ended 0.4% down, snapping its five-day winning streak and marked its biggest percentage fall in two weeks. Base and precious metal miners slid 3.0% and 3.5% respectively, as commodity prices slipped after the Fed signalled it could raise rates earlier than expected. [O/R][MET/L] "The U.S. Federal Reserve...

17 June

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U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.43% By Investing.com

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Investing.com – U.K. equities were lower at the close on Thursday, as losses in the Mining, Industrial Metals & Mining and Electronic & Electrical Equipment sectors propelled shares lower. At the close in London, the Investing.com United Kingdom 100 lost 0.43%. The biggest gainers of the session on the Investing.com United Kingdom 100 were BT Group PLC (LON:BT), which rose 2.70% or 5.40 points to trade at 205.60 at the close. EasyJet PLC (LON:EZJ) added 2.44% or 23.20 points to end at 973.60 and Tui AG (LON:TUIT) was up 2.43% or 9.60 points to 405.20 in...

17 June

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EU states back personal data flows with ex-member Britain By Reuters

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BRUSSELS (Reuters) - European Union member states have agreed that British standards for the protection of personal data are sufficently high that such information can continue to flow between the EU and its former member, the European Commission said on Thursday. Their backing will allow the Commission to adopt two adequacy decisions before the end of June to allow a seamless transition at the end of a six-month grace period during which flows were allowed after Britain's final exit from the bloc. The decisions relate to the EU's overarching General Data Protection Regulation (GDPR) and...

17 June

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Bank of England halves carbon emissions in 2020/21 By Reuters

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LONDON (Reuters) - The Bank of England said it had halved its greenhouse gas emissions during the year to the end of March, due to switching to electricity powered by renewable sources and reduced air travel as a result of the coronavirus pandemic. Britain's central bank has given a greater emphasis to environmental issues this year as the government prepares to host a major United Nations climate change summit in Glasgow in November. In an annual report on its climate impact, the BoE said greenhouse gas emissions from its general operations had fallen by 53% to...

17 June

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Rolls-Royce outlines plans for net zero emissions by 2050 By Reuters

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LONDON (Reuters) -Britain's Rolls-Royce (LON:RR), which makes engines for planes and ships, outlined plans to reach net zero emissions by 2050 through investing more in decarbonising technologies and, in the short term, using more sustainable aviation fuel. Major companies are under increasing pressure from investors and climate change activists to report the emissions that result when customers use their products. Rolls-Royce chief executive Warren East said that made decarbonising a particularly "challenging task" for the company given the current use of fossil fuels in its products and the increasing demand for power globally. But...

17 June

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ThredUp Soars on Price Target Bump By Investing.com

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By Christiana Sciaudone Investing.com -- ThredUp Inc (NASDAQ:TDUP) jumped 19% after KeyBanc bumped the price target higher. Analyst Edward Yruma raised the price target to $32 from $2 while maintaining a buy-equivalent rating, StreetInsider reported. The online secondhand clothing retailer went public in March with shares soaring. They subsequently stumbled, but are now trading close to a record. The market for secondhand goods is expected to hit $64 billion by 2024, up from $28 billion in 2019, according to ThredUp. Rival Poshmark Inc (NASDAQ:POSH) also rose 2%. It...

17 June

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Facebook launches ads globally for Instagram Reels By Reuters

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(Reuters) - Facebook Inc (NASDAQ:FB) is launching ads globally on its TikTok clone Instagram Reels, the company said on Thursday. The social media company, which is aiming to make money from its short-form video feature, began testing Instagram Reels ads in India, Brazil, Germany and Australia in April. The tests ran with brands such as BMW, Louis Vuitton, Netflix (NASDAQ:NFLX) and Uber (NYSE:UBER). "We see Reels as a great way for people to discover new content on Instagram, and so ads are a natural fit," said Instagram's Chief Operating Officer Justin Osofsky. "Brands...

17 June

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Turkey Holds Rates Again as Weak Lira Clouds Inflation Outlook By Bloomberg

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(Bloomberg) -- Turkey’s central bank kept interest rates unchanged for a third month on Thursday, as a weak lira and higher global commodity prices continue to cloud the inflation outlook. The Monetary Policy Committee left its key rate at 19% as forecast by all 25 analysts in a Bloomberg survey. Inflation snapped seven months of increases in May, but the unexpected decline was likely the result of a strict lockdown imposed throughout the month after coronavirus cases surged. The central bank did, though, make a slightly hawkish change to the statement that accompanies its rate decision, once...

17 June

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Kremlin pleased with Putin-Biden summit, hails pledge to never wage nuclear war By Reuters

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MOSCOW (Reuters) - The Kremlin said on Thursday it was pleased with what it called a positive summit between Russian President Vladimir Putin and his U.S. counterpart Joe Biden, singling out a joint statement that reiterated the need to avoid nuclear war as significant. Biden and Putin agreed to launch arms control and cyber-security talks at a Geneva summit on Wednesday, recording small gains and big differences at a meeting which they both described as pragmatic rather than friendly. They also agreed to return their respective ambassadors to their posts after a rupture in ties...

17 June

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The great exit: central banks line up to dial back emergency stimulus By Reuters

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(Repeats to insert additional chart for U.S. entry, no change to text) By Dhara Ranasinghe and Saikat Chatterjee LONDON (Reuters) -The U.S. Federal Reserve is projecting a faster timetable for interest rate rises and Norway's central bank is preparing markets for four rate hikes by mid-2022, the latest signs policymakers are preparing to exit pandemic-driven stimulus. With developed economies bouncing back robustly as COVID-19 vaccination campaigns allow for easing lockdown restrictions and inflation warnings flicker, a debate about dialling back emergency stimulus has clearly begun. Here's a look at who is tapering, who may raise...

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Miners drag FTSE 100 from 16-month highs By Reuters

U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.43% By Investing.com

EU states back personal data flows with ex-member Britain By Reuters

Bank of England halves carbon emissions in 2020/21 By Reuters

Rolls-Royce outlines plans for net zero emissions by 2050 By Reuters

ThredUp Soars on Price Target Bump By Investing.com

Facebook launches ads globally for Instagram Reels By Reuters

Turkey Holds Rates Again as Weak Lira Clouds Inflation Outlook By Bloomberg

Kremlin pleased with Putin-Biden summit, hails pledge to never wage nuclear war By Reuters

The great exit: central banks line up to dial back emergency stimulus By Reuters

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