01 May

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Britain’s NHS Test and Trace reducing size of contact tracing workforce By Reuters

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By Kanishka Singh (Reuters) - Britain's NHS (National Health Service) Test and Trace system is reducing the size of its contact tracing workforce after a decline in coronavirus cases in the country. "Just as we increased numbers working in the trace service over the winter, we are now responding to the reduction in case numbers we've seen this spring", a spokeswoman for the Department for Health and Social Care said in an emailed statement on Friday. "We are continuing to respond to changes in demand and reflect staff numbers accordingly", the statement added. The statement did not specify by how much...

01 May

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Britain urged to publish list of “green” countries for travel By Reuters

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LONDON (Reuters) - Britain has been urged to publish its "green" list of countries where people from England will be able to travel as soon as possible as the May 17 date for the restart of holidays nears. The parliamentary Transport Committee on Saturday called on the government to provide the details of its three-tier "traffic light" system for rating destination countries based on their COVID-19 safety. Ongoing uncertainty over when and where people can travel could cost further jobs in the already battered travel, aviation and tourism sectors, warned the committee. "There are...

01 May

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Dow Falls to Second Weekly Loss as Energy Stocks Run out of Steam By Investing.com

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By Yasin Ebrahim Investing.com – The Dow fell Friday and posted its second weekly loss amid weakness in energy stocks following mixed quarterly results from oil majors ExxonMobil and Chevron . The Dow Jones Industrial Average fell 0.53%, or 181 points, and the S&P 500 was down 0.72%, but posted its best monthly gain since November. The Nasdaq Composite was down 0.85%. Exxon Mobil Corp (NYSE:XOM) reported first-quarter results that topped Wall Street estimates as improving oil prices in the quarter bolstered growth. But its shares slipped more than...

30 April

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Summers Sees Signs of Scarce Workers as Harbinger of Inflation By Bloomberg

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(Bloomberg) -- President Joe Biden’s $4 trillion plans to overhaul the role of government in American lives is aimed at the right targets but risks inflation in an economy that’s recovering fast from the pandemic, said former U.S. Treasury Secretary Lawrence Summers. “I am concerned that progressives have a tendency to overreach,” Summers said in an interview with David Westin on Bloomberg Television’s “Wall Street Week.” “You need to be progressive but you also need to get the arithmetic right, and I am worried that this program could overheat the economy.” Summers, who’s a paid contributor...

30 April

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Alexion Earnings, Revenue beat in Q1 By Investing.com

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Alexion (NASDAQ:ALXN) reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. Alexion announced earnings per share of $3.52 on revenue of $1.64B. Analysts polled by Investing.com anticipated EPS of $3.16 on revenue of $1.58B. Alexion shares are up 13% from the beginning of the year and are trading at $170.00 , down-from-52-week-high.They are outperforming the S&P 500 which is up 12.12% from the start of the year. Alexion shares gained 2.67% in pre-market trade the report. Alexion follows other major Healthcare sector earnings this month Alexion's report...

30 April

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New standards board targets mid-2022 for global climate company disclosures By Reuters

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By Huw Jones LONDON (Reuters) - A new global board for setting climate-related company disclosures aims to publish its first batch of standards by the middle of next year, officials leading the project said on Friday. The London-based International Financial Reporting Standards Foundation (IFRS) has been asked by governments and financial regulators to set up the new body for writing standards on how listed companies should disclose risks from climate-change on their operations. They want a consistent, single set of global norms to replace the current patchwork of public and private-sector approaches that make it harder...

30 April

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Canada shares lower at close of trade; S&P/TSX Composite down 0.61% By Investing.com

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Investing.com – Canada equities were lower at the close on Friday, as losses in the IT, Materials and Clean Technology sectors propelled shares lower. At the close in Toronto, the S&P/TSX Composite fell 0.61%. The biggest gainers of the session on the S&P/TSX Composite were Aurinia Pharmaceuticals Inc (TSX:AUP), which rose 9.31% or 1.38 points to trade at 16.20 at the close. Imperial Oil Ltd (TSX:IMO) added 4.96% or 1.68 points to end at 35.56 and Trillium Therapeutics Inc (TSX:TRIL) was up 4.23% or 0.47 points to 11.59 in late trade. Biggest...

30 April

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U.S. Builders Produced Record Share of Homes With Market on Fire By Bloomberg

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(Bloomberg) -- Homebuyers frustrated with bidding wars are turning to new construction, which now comprises the biggest share of the property market in U.S. history. In the first quarter, homebuilders produced roughly 1 out of every 4 single-family home listings, the biggest share on record, according to data from brokerage Redfin (NASDAQ:RDFN) Corp. The pandemic housing rally has fueled homebuilders in recent months, with an index that tracks shares of companies in the industry surging nearly 40% this year. Homebuilders are stationed right where they need to be, in the affordable...

30 April

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Wall Street Opens Lower on Profit-Taking After Strong Week; Dow Down 140 Pts By Investing.com

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By Geoffrey Smith Investing.com -- U.S. stock markets opened lower on Friday, retreating from record highs that were hit earlier in the week as Big Tech lived up to ambitious expectations for the first quarter. Amazon (NASDAQ:AMZN) rounded off a vintage quarter for Silicon Valley on Thursday evening, posting profits that were over three times the level of a year ago, the embodiment of how the pandemic has accelerated long-term trends toward online shopping and remote working. As with Facebook (NASDAQ:FB) and Alphabet (NASDAQ:GOOGL) earlier in the week, Amazon also profited from rapid growth in its...

30 April

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Veterinary company CVS Group continues to benefit from pet boom By Investing.com

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By Samuel Indyk Investing.com – Shares in CVS Group (LON:CVSG) were trading higher by over 14% on Friday as the veterinary services company raised guidance following a strong month as the UK eases lockdown measures. The AIM-listed group said momentum has continued following their trading update in March, with sales remaining strong and a steady increase in customer demand from the end of the last quarter. Towards the end of March, the Royal College of Veterinary Surgeons issued revised guidance, transitioning from essential services only to allowing the full range of veterinary procedures. CVS said this...

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News

Britain’s NHS Test and Trace reducing size of contact tracing workforce By Reuters

Britain urged to publish list of “green” countries for travel By Reuters

Dow Falls to Second Weekly Loss as Energy Stocks Run out of Steam By Investing.com

Summers Sees Signs of Scarce Workers as Harbinger of Inflation By Bloomberg

Alexion Earnings, Revenue beat in Q1 By Investing.com

New standards board targets mid-2022 for global climate company disclosures By Reuters

Canada shares lower at close of trade; S&P/TSX Composite down 0.61% By Investing.com

U.S. Builders Produced Record Share of Homes With Market on Fire By Bloomberg

Wall Street Opens Lower on Profit-Taking After Strong Week; Dow Down 140 Pts By Investing.com

Veterinary company CVS Group continues to benefit from pet boom By Investing.com

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