26 May

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Prince Harry and Oprah reunite for mental health follow-up show By Reuters

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LOS ANGELES (Reuters) - Prince Harry and Oprah Winfrey are to revisit their documentary about mental health with a follow-up, Apple (NASDAQ:AAPL) TV+ said on Wednesday, adding that the series had brought a 25% increase in new viewers to the streaming platform. "The Me You Can't See: A Path Forward," will be a virtual Town Hall airing on Friday that reunites the health experts and the celebrities, athletes and others who spoke about their struggles with depression, schizophrenia and anxiety in the series. Apple TV+ said the documentary, in which Harry spoke at length about the...

26 May

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EU seeks large AstraZeneca fine for alleged contract breach By Reuters

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By Francesco Guarascio BRUSSELS (Reuters) - A lawyer for the European Union accused AstraZeneca (NASDAQ:AZN) on Wednesday of failing to respect its contract with the 27-nation bloc for the supply of COVID-19 vaccines and asked a Belgian court to impose a large fine on the company. The EU took the Anglo-Swedish firm to court in April afterthe drugmaker said it would aim to deliver only 100 milliondoses of its vaccine by the end of June, instead of the 300 million foreseen in the supply contract. Brussels wants the company to deliver at least 120 millionvaccines...

26 May

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M&S to shut a third of core store estate over a decade By Reuters

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By James Davey LONDON (Reuters) - Marks & Spencer plans to have about 30% fewer combined clothing and food stores in 10 years time as more sales shift online, but will still open new shops when prime sites - like six former Debenhams outlets - become free, it said on Wednesday. The British retailer, in the midst of its latest turnaround attempt after decades of failed reinventions, has closed or relocated 59 such "full line" stores over the last three years, leaving it with 254. Its new target is to have a fully modernised core of...

26 May

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Powerful cyclone Yaas destroys homes in India, forces airport closure By Reuters

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By Jatindra Dash and Subrata NagChoudhury BHUBANESWAR, India (Reuters) - A powerful cyclone destroyed tens of thousands of mud houses in eastern India on Wednesday, forcing the closure of the busiest regional airport in the city of Kolkata as it brought storm surges to coastal areas, the second such event within a week. Cyclone Yaas was packing gusts of up to 140 kph (87 mph) as it hit land, authorities said, days after Tauktae tore up the western coast, triggering mass evacuations and piling pressure on authorities battling a deadly second wave of the...

26 May

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BoE’s Kashyap wants ‘forensic investigation’ of Archegos collapse By Reuters

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LONDON (Reuters) - Financial regulators should undertake a detailed cross-border probe into how the collapse of U.S. investment fund Archegos cost mostly foreign banks more than $10 billion, Bank of England policymaker Anil Kashyap said on Wednesday. Kashyap, a finance professor at Chicago Booth business school and an external member of the BoE's Financial Policy Committee, also warned that new European Union bank capital rules could have "tragic" outcomes if abused. Archegos defaulted on margin calls in March, leaving banks nursing heavy losses after a fire sale of the shares that had been meant to act...

26 May

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Supply@ME to acquire TradeFlow Capital Management By Investing.com

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By Samuel Indyk Investing.com – Supply@ME Capital announced on Wednesday that they have signed a share purchase agreement to acquire the entire share capital of Singapore’s TradeFlow Capital Management, a fintech-powered commodities trade enable focused on SMEs. Financial Details The consideration for the transaction is expected to be settled in two parts. Firstly, at the completion date – expected by the end of June - £4mln will be paid in cash and the company will issue 813mln new shares to the TradeFlow sellers, representing less than 3% of the Supply@ME’s issued share capital. Secondly, earn-out payments...

26 May

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Britain’s M&S expects profit recovery after 88% slump By Reuters

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By James Davey LONDON (Reuters) -British retailer Marks & Spencer forecast a rebound in profit this year after an 88% slump in 2020-21 that reflected a collapse in clothing sales due to the COVID-19 pandemic but warned investors not to expect a dividend this year. Chief Executive Steve Rowe said the results masked progress made in the 137-year-old group's latest turnaround plan, while trading in the early weeks of its new financial year had been encouraging. Shares in M&S were up 7.3% at 167.4 pence at 0934 GMT. They were changing hands for 236 pence in...

26 May

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Britain’s SSE on track to invest 7.5 billion stg in low-carbon power By Reuters

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By Susanna Twidale LONDON (Reuters) -British renewable power generator and network operator SSE (LON:SSE) Plc said on Wednesday it is on track to invest 7.5 billion pounds ($10.62 billion) in low-carbon projects up to 2025. The company turned its focus to renewable power generation and networks after selling its household energy supply and services arm to OVO Energy at the beginning of 2020 in a deal worth 500 million pounds. SSE is building the world largest offshore wind farm, Dogger Bank, off the coast of Britain with Norway’s Equinor, with both companies selling a 10% to...

26 May

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European stocks rise as central banks pledge easy monetary policy By Reuters

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(Reuters) - European stocks rose to near all-time highs on Wednesday as a host of central bank policymakers pledged to keep monetary policy loose despite recent signs of an uptick in inflation. The pan-European STOXX 600 index rose 0.3% by 0711 GMT, with Germany's DAX up 0.4%, France's CAC 40 rising 0.3% and UK's FTSE 100 adding 0.2%. British retailer Marks & Spencer jumped 5.5% despite reporting an 88% slump in full-year profit. French food company Danone slipped 1.6% after Berenberg downgraded the stock to "sell", citing the hard-to-fix low-growth nature of most of...

26 May

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Johnson Matthey partners with Plug Power on hydrogen technology By Investing.com

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By Samuel Indyk Investing.com – Johnson Matthey has announced it is to partner with Plug Power (NASDAQ:PLUG) to accelerate the delivery of advanced materials for next generation electrolyser technology for green hydrogen. Under the memorandum of understanding (MoU), the two parties will develop a roadmap to accelerate the joint development of high-performance electrolyser technology with improved durability, increased performance, and greater energy efficiency than currently available systems. “We're excited to take our relationship with Plug Power, a leader in electrolyser systems, to the next level, working together to drive the development of...

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News

Prince Harry and Oprah reunite for mental health follow-up show By Reuters

EU seeks large AstraZeneca fine for alleged contract breach By Reuters

M&S to shut a third of core store estate over a decade By Reuters

Powerful cyclone Yaas destroys homes in India, forces airport closure By Reuters

BoE’s Kashyap wants ‘forensic investigation’ of Archegos collapse By Reuters

Supply@ME to acquire TradeFlow Capital Management By Investing.com

Britain’s M&S expects profit recovery after 88% slump By Reuters

Britain’s SSE on track to invest 7.5 billion stg in low-carbon power By Reuters

European stocks rise as central banks pledge easy monetary policy By Reuters

Johnson Matthey partners with Plug Power on hydrogen technology By Investing.com

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