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22 April
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Ad giant WPP pledges net zero emissions by 2025 By Reuters

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By Kate Holton LONDON (Reuters) - WPP (LON:WPP) said on Thursday it planned to make the world's largest advertising company reach net zero carbon emissions by 2025 by incorporating many of the virtual production solutions it has developed during the pandemic. Announcing on Earth Day what it said was the industry's most ambitious climate target, the British company said it would also work with media partners in television and online to ensure its supply chain is a net zero producer by 2030. The owner of the GroupM, Ogilvy and Hill+Knowlton agencies joins a long...

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22 April
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WNS Holdings Earnings, Revenue beat in Q4 By Investing.com

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WNS Holdings reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations. WNS Holdings announced earnings per share of $0.71 on revenue of $228.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of $0.6887 on revenue of $227.53M. WNS Holdings shares are up 2.43% from the beginning of the year and are trading at $73.80 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year. WNS Holdings follows other major Technology sector earnings this month WNS Holdings's report follows an earnings beat...

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22 April
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Jaguar Land Rover output at two UK plants hit by chips shortage By Reuters

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LONDON (Reuters) -Output at two of Jaguar Land Rover's (JLR) British car factories will be temporarily halted from Monday, due to COVID-19 supply chain disruption, including a lack of semi-conductors, the firm said on Thursday. "We have adjusted production schedules for certain vehicles which means that our Castle Bromwich and Halewood manufacturing plants will be operating a limited period of non-production from Monday 26th April," the Tata Motors-owned company said. The COVID-19 pandemic has driven up demand for semiconductor chips for use in electronics like computers, as people worked from home, and suppliers are struggling to adjust, hitting...

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22 April
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Sidestepping taper talk, ECB to stick to stimulus plans By Reuters

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By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) - The European Central Bank will keep policy unchanged on Thursday, emphasizing its stimulus measures are keeping the pandemic-struck economy afloat so they should not be clawed back too soon. The bank is pinning borrowing costs near record lows via massive bond purchases to see the euro zone through a scarring recession that has kept schools, shops, restaurants and hotels closed for the better part of a year. ECB chief Christine Lagarde is likely to argue that only a bit more time is needed before the economy...

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22 April
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European Commission head Von der Leyen welcomes Portugal’s economic recovery plan By Reuters

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PARIS (Reuters) - European Commision President Ursula von der Leyen on Thursday welcomed the first official submission of an economic recovery and resilience plan by Portugal. "Economic recovery must go hand in hand with an improved health situation on the ground. I welcome Portugal's recovery and resilience plan as the first one officially submitted to the Commission," she said in a statement. "The Commission looks forward to assessing the Portuguese plan, which focuses on resilience, climate and digital transitions and includes projects in almost all of the European flagship areas," added von der Leyen....

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22 April
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FTSE 100 rises on miners, industrials boost; Rentokil Initial slumps By Reuters

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(Reuters) - London's FTSE 100 edged higher on Thursday, boosted by mining and industrials stocks, although the gains were capped by a fall in heavyweight energy stocks and a stronger pound. The blue-chip index rose 0.2%, with engineer Melrose Industries jumping 2.5 to the top of index after Peel Hunt raised its price target on the stock. However, large dollar-earning companies, including Unilever (LON:ULVR) and British American Tobacco (LON:BATS), slipped on a slightly stronger pound. Oil and gas stocks fell 0.5%, tracking lower crude prices. [GBP=][O/R] The domestically focussed mid-cap FTSE 250...

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22 April
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Greatland Gold begins drilling under Juri joint venture By Investing.com

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By Samuel Indyk Investing.com – AIM-listed Greatland Gold (LON:GGPL) has announced it has commenced drilling under its Juri joint venture with Australia’s Newcrest Mining (ASX:NCM) in Western Australia. On 23rd February, the two partners announced the initial work programme for the joint venture, having identified several targets within the Paterson Range East and Black Hills licences. The company has now confirmed that drilling of high-priority targets has commenced across the Paterson Range East licence, starting at Goliath. Ground electromagnetic surveys are to be conducted in the coming weeks to better define priority drill targets. “It...

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22 April
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ECB Will Judge Success of Faster Bond-Buying: Decision Guide By Bloomberg

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(Bloomberg) -- European Central Bank President Christine Lagarde will be pressured to reveal how much longer the euro area will need intensified support on Thursday, after she and her colleagues hold their policy meeting. What’s likely is that she’ll say the ECB intends to continue buying bonds at an accelerated pace through June to support financing conditions and help the economy as the pandemic persists. Her views on monetary stimulus in the second half are likely to be much vaguer, despite some of her colleagues publicly starting that debate. The ECB is trapped in a situation...

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22 April
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Relx forecasts growth in its three biggest divisions By Reuters

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LONDON (Reuters) - British information provider Relx forecast that its three biggest divisions would help drive growth in underlying revenue and adjusted operating profit in 2021, but said the pandemic continued to hit its exhibitions unit. Relx said in a trading update on Thursday that its main science, legal and risk divisions had all started the year well. The exhibitions unit, which holds conferences and events and accounted for 5% of revenue in 2020, continued to be significantly impacted by COVID-19, and the company said that the timing and pace of recovery was uncertain. ...

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