22 April

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Trade shows organiser Informa annual profit plunges 71% By Reuters

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(Reuters) - Britain's Informa said on Thursday it expects trade shows and events to gradually return in the second half of the year as vaccination campaigns roll out, while reporting a 71% plunge in 2020 profit. The world's largest exhibitions company reported adjusted operating profit of 267.8 million pounds ($373.13 million) on revenue of 1.66 billion pounds, down 43%, for the year ended Dec. 31. ($1 = 0.7177 pounds) ...

22 April

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Australia’s Stimulus Debate Gets a Jolt From Canada’s Taper By Bloomberg

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(Bloomberg) -- The Bank of Canada’s move to scale back debt purchases may fuel debate on whether its Australian counterpart is certain to extend its yield-curve control and announce a third round of quantitative easing. Governor Tiff Macklem is scaling back purchases of Canadian government debt by a quarter and accelerating the timetable for a possible interest-rate increase at a time when Australia’s economy is arguably outperforming its North American peer. Reserve Bank of Australia Governor Philip Lowe will have a close eye on developments in Ottawa while he awaits a pickup in consumer prices and...

22 April

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Apple plans to expand ads business – FT By Reuters

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(Reuters) -Apple Inc is planning to expand its advertising business by adding a second advertising slot in its App Store search page's "suggested" section, the Financial Times reported on Thursday. The new advertising slot, which will be rolled out by the end of the month, will allow advertisers to promote their apps across the whole network, rather than in response to specific searches, according to the report. (https://on.ft.com/3sG7Ikn) The report comes as Apple (NASDAQ:AAPL) plans to send prompts to iPhone users to allow apps to use their data for personalized advertising, a move that has...

22 April

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Credit Suisse says to raise capital through new placement By Reuters

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ZURICH (Reuters) - Credit Suisse (SIX:CSGN) said it was raising capital on Thursday by issuing notes convertible into 203 million shares. "Our capital position remained solid with a CET1 ratio of 12.2% and a CET1 leverage ratio of 3.8% as per the end of 1Q21," the bank said in a statement. "However, with the Offering, we expect to further strengthen our capital position in line with our intention to achieve a CET1 ratio of approximately 13% and a minimum CET1 leverage ratio of 4%." Credit Suisse has emerged as the bank hardest-hit from exposure...

22 April

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Dollar loses bond yield support, euro looks to ECB for inspiration By Reuters

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By Stanley White TOKYO (Reuters) - The dollar was pinned near multi-week lows against most major currencies on Thursday as fading gains in U.S. Treasury yields reduced the greenback's interest rate advantage. The euro was in focus ahead of a European Central Bank (ECB)meeting later on Thursday, where any positive comments about the economic outlook or hints of tapering bond purchases are expected to send the common currency racing higher. Sentiment toward the dollar has weakened as last month's spike in Treasury yields reverses course, but some analysts say the outlook over the longer...

22 April

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U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 0.54% By Investing.com

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Investing.com – U.K. equities were higher at the close on Wednesday, as gains in the Healthcare Equipment & Services, Tobacco and Pharmaceuticals & Biotech sectors propelled shares higher. At the close in London, the Investing.com United Kingdom 100 gained 0.54%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Bank VTB PAO DRC (LON:VTBRq), which rose 5.59% or 0.064 points to trade at 1.208 at the close. Carnival PLC (LON:CCL) added 4.47% or 68.4 points to end at 1599.6 and Smith & Nephew PLC (LON:SN) was up 3.68% or 52.00 points to...

22 April

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AT&T Profits, Intel Outlook, FANG Fumble: 3 Things to Watch By Investing.com

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By Liz Moyer Investing -- Stocks regained some of their recent losses on Wednesday as investors warmed again to growth stocks. Even a fresh wave of Covid-19 infections couldn’t dampen enthusiasm for the so-called reopening trade, pushing shares of cruise operators higher. President Joe Biden kicks off a two-day climate summit at the White House on Thursday, inviting 40 world leaders to participate virtually. He is expected to call for emissions to be cut by 50% and for government agencies to report on the risk of climate change. There are scant data releases on Thursday, but the...

22 April

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Lam Research Results Beat in Q3 as Strong Chip Demand Continues By Investing.com

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By Yasin Ebrahim Lam Research (NASDAQ:LRCX) reported Wednesday third-quarter results that beat analysts' forecasts and delivered a brighter outlook for the final quarter of its fiscal year, underpinned by a strong wafer fabrication spending environment. For Q4, Lam guided EPS in the range of $7.00 to $8.00 on revenue of $3.75B to 4.25B versus consensus for EPS of $6.6 on revenue of $3.72B. Lam Research shares gained 1.36% in after-hours trade following the report. Lam Research announced earnings per share of $7.49 on revenue of $3.85B. Analysts polled by Investing.com anticipated EPS of $6.6 on revenue...

22 April

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Bank of England plans to open northern England hub By Reuters

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LONDON (Reuters) - The Bank of England said on Thursday it plans to open a "northern hub" in England, as part of a drive to make the central bank less London-centric. The BoE said it intends to locate the hub in Leeds, the largest city in Yorkshire, where a cash distribution centre is slated to close in 2023. "Having a greater proportion of our workforce located outside London and the South East will better enable us to support our mission," Governor Andrew Bailey said in a statement. The BoE also said it plans to expand...

22 April

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UK legislators call for action on financial ‘greenwashing’ By Reuters

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LONDON (Reuters) - Britain should consider making environmental labelling compulsory for consumer financial products and task regulators with stopping misleading claims or "greenwashing", legislators said on Thursday. Britain's government has given more priority to green issues this year as it prepares to host a major United Nations climate summit known as COP26. But it has faced criticism from environmental groups over the lack of detail in its plans. In a new report, the House of Commons' cross-party Treasury Committee urged the government to set out how much it would cost to achieve its target of...

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Trade shows organiser Informa annual profit plunges 71% By Reuters

Australia’s Stimulus Debate Gets a Jolt From Canada’s Taper By Bloomberg

Apple plans to expand ads business – FT By Reuters

Credit Suisse says to raise capital through new placement By Reuters

Dollar loses bond yield support, euro looks to ECB for inspiration By Reuters

U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 0.54% By Investing.com

AT&T Profits, Intel Outlook, FANG Fumble: 3 Things to Watch By Investing.com

Lam Research Results Beat in Q3 as Strong Chip Demand Continues By Investing.com

Bank of England plans to open northern England hub By Reuters

UK legislators call for action on financial ‘greenwashing’ By Reuters

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