27 April

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EU lawmakers hold final Brexit debate before decisive vote By Reuters

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By Philip Blenkinsop BRUSSELS (Reuters) -EU lawmakers kicked off a last debate on Tuesday on the post-Brexit trade agreement between the European Union and Britain, ahead of a vote that is expected to give the accord overwhelming approval. That vote will be the final step towards ratification of the EU-UK trade and cooperation agreement, struck in December after more than four years of acrimonious negotiations and lingering mistrust as Britain ended 47 years of EU membership. "This is a divorce. It is a warning, Brexit. It's a failure of the European Union and we have to...

27 April

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TikTok says to address European concerns by opening up about how it works By Reuters

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By Foo Yun Chee BRUSSELS (Reuters) - TikTok plans to allow European researchers and policymakers to see how its teams moderate content, how its recommendation technology works and how it handles data as it seeks to address concerns over the privacy and safety of its young users. The social media app said on Tuesday it would open a European Transparency and Accountability Centre, at first virtually and later at a facility in Ireland expected to open next year. TikTok, owned by Chinese company ByteDance, has more than 100 million users in Europe. The COVID-19 pandemic has...

27 April

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UK’s Waitrose expands rapid home deliveries with Deliveroo By Reuters

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LONDON (Reuters) -British supermarket Waitrose will expand its Deliveroo service by 110 shops to 150 by the end of the summer, giving more customers access to rapid home delivery, it said on Tuesday. Waitrose, which is part of the employee-owned John Lewis Partnership, said it had agreed a two-year deal with the app and delivery service following a successful trial. Waitrose's long partnership with online grocery specialist Ocado (LON:OCDO) came to an end last September. It said the deal would take the number of people who are able to enjoy Waitrose food on Deliveroo to around...

27 April

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EDF shares rise on hopes for restructuring deal By Reuters

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PARIS (Reuters) - EDF (PA:EDF) shares were up more than 4% in early trading on Tuesday following a newspaper report saying that Paris and Brussels were close to a deal to restructure the French energy group, although it might not happen until the end of May. Negotiations over how to separate EDF's nuclear arm from the rest of its activities and to fix the price at which it distributes energy to third parties have dragged on for months, with both sides initially looking at end-March as a deadline. France is keen to pass any...

27 April

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Whitbread eyes staycation bounce after posting $1.4 billion annual loss By Reuters

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(Reuters) -Premier-Inn owner Whitbread (LON:WTB) posted a 1 billion pound ($1.39 billion) annual loss on Tuesday but said it expects a significant bounce in staycation demand this summer as COVID-19 curbs in Britain are relaxed. Whitbread, which also owns the Beefeater, Brewers Fayre and Bar + Block chains, said revenue for the year ended March 31 slumped by nearly three quarters, sending its shares down 3% in morning trading. Britain's hospitality industry has suffered during the pandemic, with travel and entertainment spending severely restricted by government measures to stop the spread of the virus....

27 April

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EDF Energy extends Sizewell B maintenance by 3 months to August By Reuters

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(Reuters) - EDF (PA:EDF) Energy has extended ongoing outages at its Sizewell B nuclear power plant in eastern England by three months for additional work. EDF Energy, owned by French utility EDF, took the reactor offline for planned refuelling and maintenance work on April 16, initially scheduled to end on May 29. "Our anticipated return to service has been updated to 30th August following additional work required on some components identified during the shutdown," a spokeswoman said on Tuesday. "We have a team on site working on this whilst the other outage work continues to...

27 April

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BP pulls FTSE 100 higher, slide in Aveva caps gains By Reuters

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(Reuters) - London's FTSE 100 edged higher on Tuesday, boosted by BP (LON:BP) after upbeat earnings update, although the gains were capped by a slump in shares of Aveva Group (LON:AVV) following its CEO's exit. The blue-chip index rose 0.1%, with oil major BP Plc gaining 2.8% as its first-quarter profit more than tripled from a year earlier to $2.6 billion. Its peer Royal Dutch Shell (LON:RDSa) also climbed ahead of its results on April 29. [O/R] The domestically focussed mid-cap FTSE 250 index fell 0.3%. Aveva Group fell 4.1%...

27 April

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BP Q1 profit beats forecasts on strong gas trading By Reuters

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LONDON (Reuters) - BP (LON:BP)'s first-quarter profit more than tripled from a year earlier to $2.6 billion, exceeding expectations, boosted by stronger oil prices and bumper revenue from natural gas trading. The energy company said it is committed to buying back shares after its net debt dropped below its target of $35 billion, earlier than expected. ...

27 April

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BOJ Stands Pat, Ups Growth View While Cutting Price Forecast By Bloomberg

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(Bloomberg) -- The Bank of Japan left its main policy levers unchanged and took a more optimistic view of the growth outlook while cutting its price forecast for this year as the world’s third-largest economy enters a renewed virus emergency. The BOJ maintained its interest rate and asset purchase settings, according to its policy statement Tuesday, an outcome expected by all 44 economists surveyed by Bloomberg. In its quarterly outlook report, the bank raised its growth forecast for the fiscal year started this month to 4% from 3.9%, despite the start of new emergency restrictions that...

27 April

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BOJ signals prolonged easing, cuts price outlook as new COVID pain hits By Reuters

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By Leika Kihara and Daniel Leussink TOKYO (Reuters) - Japan's central bank maintained its massive stimulus on Tuesday and projected inflation missing its 2% target for years to come, as fresh curbs to combat a spike in COVID-19 cases overshadow the boost to growth from solid global demand. The Bank of Japan also warned of "high uncertainty" on how much the pandemic could drag on growth, signalling its readiness to keep its money spigot wide open for the foreseeable future. Japan last week declared a third, two-week state of emergency for Tokyo, Osaka and two other...

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EU lawmakers hold final Brexit debate before decisive vote By Reuters

TikTok says to address European concerns by opening up about how it works By Reuters

UK’s Waitrose expands rapid home deliveries with Deliveroo By Reuters

EDF shares rise on hopes for restructuring deal By Reuters

Whitbread eyes staycation bounce after posting $1.4 billion annual loss By Reuters

EDF Energy extends Sizewell B maintenance by 3 months to August By Reuters

BP pulls FTSE 100 higher, slide in Aveva caps gains By Reuters

BP Q1 profit beats forecasts on strong gas trading By Reuters

BOJ Stands Pat, Ups Growth View While Cutting Price Forecast By Bloomberg

BOJ signals prolonged easing, cuts price outlook as new COVID pain hits By Reuters

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