21 April

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More than 250 Russians in London demand Navalny’s freedom By Reuters

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LONDON (Reuters) - More than 250 people demanded Russian President Vladimir Putin free jailed Kremlin critic Alexei Navalny, chanting "Freedom to Navalny" outside the Russian embassy in London on Wednesday. Navalny has become the leader of the disparate opposition groups which oppose Putin, a former KGB spy who has ruled Russia since 1999 when Boris Yeltsin handed him power. "Putin is an old fashioned demagogue but with a background in the secret service so he is very well equipped to be a tyrant," said John Taylor, a British man who joined the protest holding...

21 April

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PepsiCo Nudges Higher After UBS Raises Price Target By Investing.com

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By Dhirendra Tripathi Investing.com – PepsiCo (NASDAQ:PEP) rose nearly 1% Wednesday, pushed higher by an upgrade from UBS analyst Sean King. Rating the stock a buy, King raised his price target to $165. That is 14% higher than his previous estimate and 12% higher than the current price. "We believe PepsiCo is only at the mid-point of an investment cycle that will yield a sustainable improvement to top and bottom line growth,” King wrote in his note. Investments in beverage margins and global snacking scale support our above street outlook for 2021-23 estimated sales growth of...

21 April

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Dow Rallies as Traders Resume Bets on Reopening Despite Rising Global Cases By Investing.com

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By Yasin Ebrahim Investing.com – The Dow climbed Wednesday, clawing back some of its recent losses as investors resumed bets on reopening stocks and shrugged off a fresh wave of Covid-19 cases that threatens to slow the global recovery. The Dow Jones Industrial Average rose 0.69%, or 232 points, the S&P 500 was up 0.60%, to move closer to its record high of 4,172.00, and the Nasdaq Composite was up 0.66%. The reopening trade – bets on stocks set to move higher as the economy reopens were – is back on trading menu. Cruise line stocks...

21 April

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Airbus shakes up aero parts manufacturing By Reuters

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By Tim Hepher PARIS (Reuters) -Airbus has launched the biggest shake-up of its manufacturing network in more than a decade, with large-parts activities reorganized in France and Germany and some small-parts production hived off ahead of a possible future sale. The European planemaker said on Wednesday it would combine aerostructure assembly in France under one entity, bringing major fuselage parts plants in St Nazaire and Nantes together with the worldwide operations of its Stelia affiliate. In Germany, the Premium Aerotec business will be split, with part of it combined with manufacturing plants in Stade and some...

21 April

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Analysis-The housing boom, central banks and the inflation conundrum By Reuters

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By Sujata Rao LONDON (Reuters) - A multi-year boom in global house prices which even a pandemic has failed to halt is forcing central banks around the world to confront a knotty question - what, if anything, should they be doing about it? The surge in property values from Australia to Sweden is often viewed benignly by governments as creating wealth. But history also shows the risk of de-stabilising bubbles and the high social cost as millions find home ownership unaffordable. The irony is that while the cheap money created by low or negative interest...

21 April

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Oracle Drops After Getting Passed Over for Cloud Deal By Investing.com

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By Christiana Sciaudone Investing.com -- Oracle (NYSE:ORCL) dropped 3% after losing out on a massive project to provide cloud services for Israel. The government chose Amazon (NASDAQ:AMZN) Web Services and Google (NASDAQ:GOOGL) over Oracle, Microsoft (NASDAQ:MSFT) and IBM (NYSE:IBM) for a project valued at more than $1 billion for the country's public sector and military, Reuters reported. A second tender process is underway for additional government cloud projects. The news brings shares down from a record set Monday, but they are still about 45% higher for the year. Recently, the U.S. Supreme...

21 April

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Wall St fears Netflix fatigue as subscriber growth slumps By Reuters

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(Corrects headline to say subscriber growth slumps, not losses mount) (Reuters) -Wall Street cast doubt on Wednesday on Netflix Inc (NASDAQ:NFLX)'s ability to bounce back strongly from a first-quarter slowdown in subscriber growth that pointed to fatigue among viewers after a year of COVID-19-driven binge streaming. Several analysts said the streaming giant would need fresh and interesting new content along with a creative approach to pricing going forward as it faces a slew of improving competitors. The channel had big ratings successes last year with "The Queen's Gambit" and "The Crown" but production houses...

21 April

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Man United’s Joel Glazer pens apology after Super League withdrawal By Reuters

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(Reuters) - Manchester United co-chairman Joel Glazer has apologised to supporters for the club's involvement in the breakaway European Super League project, saying the hierarchy failed to show respect to the "deep-rooted traditions" of the English game. United were among the six Premier League clubs who had signed up for the venture before withdrawing on Tuesday amid a storm of protests from fans, players and the British government. "Although the wounds are raw and I understand that it will take time for the scars to heal, I am personally committed to rebuilding trust with our fans...

21 April

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UK PM Johnson says he makes no apology for tax assurances to James Dyson By Reuters

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LONDON (Reuters) - British Prime Minister Boris Johnson said he would make no apology for giving tax assurances via text message to inventor James Dyson to secure ventilators for patients suffering with COVID-19, as a row about access to ministers deepened. A series of cases have raised questions over whether former ministers, civil servants and some businessmen are granted easy access to the Conservative government. Opposition parties have accused the government of cronyism. The government denies the charge and a spokesman for Johnson said the prime minister had not broken any rules as he had informed...

21 April

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Britain shows fledgling signs of economic recovery By Reuters

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LONDON (Reuters) - Britain is showing signs of economic recovery from the COVID-19 pandemic as it gradually relaxes its latest lockdown measures, according to a range of timely and forward-looking indicators. The world's fifth-biggest economy shrank by almost 10% in 2020, a more severe slump than almost all its European peers after it locked down later and for longer than many of them. But helped by the fast rollout of COVID-19 vaccinations, it is in the process of lifting its third lockdown while other countries in Europe have recently tightened restrictions. Non-essential retailers in England reopened...

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More than 250 Russians in London demand Navalny’s freedom By Reuters

PepsiCo Nudges Higher After UBS Raises Price Target By Investing.com

Dow Rallies as Traders Resume Bets on Reopening Despite Rising Global Cases By Investing.com

Airbus shakes up aero parts manufacturing By Reuters

Analysis-The housing boom, central banks and the inflation conundrum By Reuters

Oracle Drops After Getting Passed Over for Cloud Deal By Investing.com

Wall St fears Netflix fatigue as subscriber growth slumps By Reuters

Man United’s Joel Glazer pens apology after Super League withdrawal By Reuters

UK PM Johnson says he makes no apology for tax assurances to James Dyson By Reuters

Britain shows fledgling signs of economic recovery By Reuters

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