17 June

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Dr. Martens says brand’s strength helped it during pandemic By Reuters

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By James Davey LONDON (Reuters) - Dr. Martens, the classic British boot brand that listed its shares in January, said it had shown its resilience during the coronavirus crisis, delivering annual revenue growth of 15% despite multiple lockdowns which shuttered stores. However, shares in the group, known for its chunky boots with yellow stitching, slid 9% by 0900 GMT after it did not upgrade financial guidance for the current financial year. The shares had performed strongly since listing at 370 pence in January. They closed Wednesday at 495 pence, valuing the business at 5 billion pounds...

17 June

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CureVac Tanks As Potential Covid Vaccine Fails Trial By Investing.com

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By Dhirendra Tripathi Investing.com -- CureVac (NASDAQ:CVAC) shares dropped 38% in Thursday’s premarket trading after its candidate for COVID-19 vaccine failed to meet its main goal in late stage clinical trials. Late Wednesday CureVac said preliminary data indicated that its jab was only 47% effective at protecting against coronavirus and added that final analysis of the trial results would be available in the coming weeks. The HERALD study, conducted by Curevac in conjunction with Bayer (DE:BAYGN), enrolled approximately 40,000 participants in 10 countries in Latin America and Europe. The company said demonstrating high efficacy in “unprecedented...

17 June

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Fintech Wise to pioneer direct listing in boost to London By Reuters

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By Pamela Barbaglia, Abhinav Ramnarayan and Anna Irrera LONDON (Reuters) -Wise, the British financial technology firm previously known as TransferWise, said on Thursday it plans to go public with the first direct listing on London's main market. The London-based payments app founded in 2010 by two Estonian entrepreneurs, said it is opting to list without raising any funds, in a boost to the British government's aspirations to attract more technology firms. Apart from the London Stock Exchange itself, no company has ever listed directly on London's main market, although the method has been used by...

17 June

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Asia has wary welcome for G7’s answer to Belt and Road By Reuters

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By Bernadette Christina and Aradhana Aravindan JAKARTA/SINGAPORE (Reuters) - A plan by the Group of Seven nations to counter Beijing's Belt and Road Initiative has been welcomed by countries in China's immediate orbit of influence but will need to overcome doubts about Western commitment to emerging market projects. The Build Back Better World initiative, or (B3W), was promoted at last week's G7 summit in the UK but remains light on details and is not expected to become a reality for some years. The push, however, is seen as a challenge by the world's richest democracies to...

17 June

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Internet outages hit Australian lenders, central bank By Reuters

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By Jonathan Barrett SYDNEY (Reuters) - Australia's central bank, the postal service and several commercial lenders as well as other companies grappled with internet outages on Thursday, disrupting customer accounts and financial transactions before some services were restored late in the day. The Reserve Bank of Australia said on Thursday it was cancelling its operation to buy long-dated government bonds because of the technical difficulties. "Due to technical difficulties, today's RBA long-dated open market operations auction has been cancelled," the bank said on its dealing page on Thursday. Many of the affected websites in Australia,...

17 June

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ByteDance founder tells staff he’s shifting away from CEO’s daily work – sources By Reuters

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BEIJING (Reuters) - ByteDance founder Zhang Yiming told staff on Thursday that he's already shifting away from chief executive's daily responsibilities and his work pace is less intense, according to two people who attended the meeting. In May, Zhang unexpectedly announced that he will step down as CEO of the TikTok owner amid Chinese' regulators' tightened scrutiny of the country's biggest technology firms. He said at the time he would move to a "key strategy" role and complete the transition work with his successor Liang Rubo by the end of this year. Zhang told staff...

17 June

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European shares slip from record highs on hawkish Fed By Reuters

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(Reuters) - European shares pulled back from record highs on Thursday, tracking overnight declines on Wall Street after the Federal Reserve surprised investors by indicating it could start tapering its massive stimulus sooner than expected. The pan-European STOXX 600 index was down 0.4% by 0705 GMT to snap a nine-day gaining streak, with mining, utility and technology stocks leading declines. S&P 500 futures fell about 0.3% a day after the benchmark U.S. index lost half a percent following remarks from the Fed that it could begin raising interest rates in 2023, a year earlier than expected....

17 June

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Japan shares lower at close of trade; Nikkei 225 down 0.93% By Investing.com

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Investing.com – Japan equities were lower at the close on Thursday, as losses in the Paper & Pulp, Railway & Bus and Real Estate sectors propelled shares lower. At the close in Tokyo, the Nikkei 225 lost 0.93%. The biggest gainers of the session on the Nikkei 225 were T&D Holdings, Inc. (T:8795), which rose 3.11% or 46.0 points to trade at 1523.0 at the close. Z Holdings Corp (T:4689) added 2.67% or 14.4 points to end at 554.1 and Dai-ichi Life Holdings Inc (T:8750) was up 2.54% or 55.5 points to 2243.0 in...

17 June

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Archegos fallout shows big banks need to be resilient, Swiss cenbank says By Reuters

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ZURICH (Reuters) - Losses from exposure to U.S.-based investment firm Archegos have demonstrated the need for "too big to fail" capital requirements to ensure adequate resilience at Credit Suisse (SIX:CSGN) and UBS, the Swiss National Bank (SNB) said on Thursday. "This incident demonstrates that banks are exposed to significant risks that are not necessarily related to macroeconomic or system-wide financial shocks but may nevertheless lead to large losses," the central bank said in its 2021 financial stability report. The SNB noted both banks, "but in particular Credit Suisse", had suffered large losses. UBS reported...

17 June

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Halfords reinstates dividend, posts higher profit as cycling boom pedals on By Reuters

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(Reuters) - Halfords Group (LON:HFD) Plc reinstated dividend and reported a 72% jump in profit on Thursday, and said it expected to see further rise in Britons adopting cycling for commute. Halfords, Britain's biggest bicycle and motoring parts retailer, said underlying pre-tax profit rose 72% to 96.3 million pounds ($134.70 million) for the 12 months ended April 2. ($1 = 0.7149 pounds) ...

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Dr. Martens says brand’s strength helped it during pandemic By Reuters

CureVac Tanks As Potential Covid Vaccine Fails Trial By Investing.com

Fintech Wise to pioneer direct listing in boost to London By Reuters

Asia has wary welcome for G7’s answer to Belt and Road By Reuters

Internet outages hit Australian lenders, central bank By Reuters

ByteDance founder tells staff he’s shifting away from CEO’s daily work – sources By Reuters

European shares slip from record highs on hawkish Fed By Reuters

Japan shares lower at close of trade; Nikkei 225 down 0.93% By Investing.com

Archegos fallout shows big banks need to be resilient, Swiss cenbank says By Reuters

Halfords reinstates dividend, posts higher profit as cycling boom pedals on By Reuters

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