15 June

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Soccer clubs embrace cryptocurrency, but fans are divided By Reuters

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By Tom Wilson and Anna Irrera LONDON (Reuters) - A growing number of major soccer clubs are launching digital coins that allow fans to vote on a variety of minor decisions as the sport faces slumping revenues caused by the coronavirus pandemic. But supporters are divided over the so-called fan tokens. Some appreciate the novel way to engage with their teams - and help make decisions, even if only on small-time matters such as the song played at matches after a goal is scored or images used on social media. Others dismiss the tokens as...

15 June

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Spirit Jumps As Upgrade Follows Positive EBITDA Forecast By Investing.com

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By Dhirendra Tripathi Investing.com -- Shares of Spirit Airlines (NYSE:SAVE) were up in Tuesday’s premarket a day after the company guided for a “modestly positive” EBITDA in the ongoing second quarter. Spirit had posted an adjusted non-GAAP negative EBITDA of $199.7 million in the first quarter of 2021 as airline traffic remained below par because of the pandemic. The positive outlook won an upgrade from Citi to a buy. The brokerage sees the airline at $42, a 23.5% upside from its closing of $34 on Monday. Spirit said its plant load factor for the...

15 June

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Insurer Phoenix no longer in talks to sell European businesses By Reuters

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(Reuters) - British insurer Phoenix Group said on Tuesday it was no longer in talks to sell its European businesses, concluding that the transaction would not maximise shareholder value. Phoenix in mid-May confirmed it was in talks to sell the unit following an unsolicited offer, after Sky News reported a potential sale for around 550 million pounds ($774.68 million) to European Life Group Holding. Phoenix Europe unit continues to offer the company "strategic optionality", it said. Phoenix Group has overseas operations primarily in Germany and Ireland, which came under its purview following the acquisition of ...

15 June

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Fintech firm Wise plans to launch London listing this week – Sky News By Reuters

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(Reuters) - British fintech firm Wise is planning to launch a direct listing on the London Stock Exchange as soon as this week, Sky News reported on Tuesday, citing sources. Insiders expect the flotation of the company, formerly known as Transferwise, to value it in the region of 4 billion pounds to 5 billion pounds ($5.63 billion to $7.04 billion), the report said. The exact timing of the listing depends on final approvals from regulators which means an announcement could yet be delayed until later in the month, according to the report. Wise did not immediately...

15 June

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Swedish Left Party threatens to try to oust PM over rent controls By Reuters

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STOCKHOLM (Reuters) - Sweden's Left Party said on Tuesday it would seek support from the main opposition to oust Prime Minister Stefan Lofven if the government did not drop or change plans for the abolition of rent controls on new-build properties within 48 hours. The Left Party is not part of the government, but the minority coalition of the Social Democrats and Greens needs its backing to stay in power if the rest of the opposition is united. "Our support will cease to exist if the government implements any proposals for market rents or free rent...

15 June

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Fed Poised to Crawl Onto ‘Knife Edge’ to Rein In Record Largesse By Bloomberg

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(Bloomberg) -- The Federal Reserve is inching toward the start of a long road to normalizing its relationship with the rest of Washington and Wall Street. After spending the past 15 months providing unprecedented help to the federal government and investors via trillions of dollars of bond purchases, it could start preliminary discussions about scaling back that support at a pivotal two-day policy meeting that kicks off on Tuesday. Even so, actual steps in that direction by Chair Jerome Powell and his colleagues are likely still months off. Weaning Wall Street and Washington off the Fed’s extraordinary...

15 June

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EU, U.S. set to unveil truce in 17-year aircraft battle By Reuters

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By Philip Blenkinsop BRUSSELS (Reuters) - The European Union and the United States were on the verge of announcing a truce on Tuesday in their 17-year conflict over aircraft subsidies, bringing to a close one set of Trump-era tariffs which had soured relations between them. The two sides have been battling since 2004 in parallel cases at the World Trade Organization over subsidies for U.S. planemaker Boeing (NYSE:BA) and European rival Airbus. They agreed in March to a four-month suspension of tariffs on $11.5 billion of goods from EU wine to U.S. tobacco and spirits,...

15 June

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Boeing Gains As US-EU Dispute Over Aircraft Subsidies Ends By Investing.com

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By Dhirendra Tripathi Investing.com -- Boeing (NYSE:BA) shares were among the gainers in Tuesday’s premarket trading as the U.S. and the E.U. decided to end their 17-year dispute over aircraft subsidies to the plane manufacturer and its rival Airbus (PA:AIR). Airbus shares were up 1% in Paris. The subsidies made it difficult for both to land contracts from airlines based in each other’s territories. The deal, while bringing peace between the two sides, will also help them focus on their emerging rival, China’s state-sponsored Commercial Aircraft Corp. of China or Comac. In 2019, the World Trade...

15 June

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Ireland to lengthen quarantine for partially vaccinated Britons By Reuters

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DUBLIN (Reuters) - Ireland will double the quarantine period for unvaccinated or partially vaccinated arrivals from Britain to 10 days but still plans to allow people to move more freely between the two countries from mid-July, Transport Minister Eamon Ryan said. The change is due to the rapid spread of the more infectious Delta variant in Britain, which delayed plans to lift most remaining COVID-19 restrictions there by a month on Monday. "It is just to reflect concern about the Delta variant and to try and hold back the development of that variant here as much...

15 June

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Sterling holds steady, unaffected by reopening delay; UK employee numbers jump By Reuters

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LONDON (Reuters) - The pound was steady in early London trading on Tuesday, holding firm above $1.41 and showing no reaction to a delay in the UK's lockdown easing plan, while investors took confidence from jobs data showing a record jump in employee numbers in May. Currency markets were generally quiet ahead of the U.S. Federal Reserve meeting, which ends on Wednesday. The pound was up less than 0.1% against the dollar, at $1.41180 at 0747 GMT. Versus the euro, it was down around 0.1% at 86.03 pence per euro. Jobs data released earlier in the...

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Soccer clubs embrace cryptocurrency, but fans are divided By Reuters

Spirit Jumps As Upgrade Follows Positive EBITDA Forecast By Investing.com

Insurer Phoenix no longer in talks to sell European businesses By Reuters

Fintech firm Wise plans to launch London listing this week – Sky News By Reuters

Swedish Left Party threatens to try to oust PM over rent controls By Reuters

Fed Poised to Crawl Onto ‘Knife Edge’ to Rein In Record Largesse By Bloomberg

EU, U.S. set to unveil truce in 17-year aircraft battle By Reuters

Boeing Gains As US-EU Dispute Over Aircraft Subsidies Ends By Investing.com

Ireland to lengthen quarantine for partially vaccinated Britons By Reuters

Sterling holds steady, unaffected by reopening delay; UK employee numbers jump By Reuters

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