20 April

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Nike Drops as Xinjiang Rights Protests May Hurt: Citi By Investing.com

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By Christiana Sciaudone Investing.com -- Nike (NYSE:NKE) dropped 2.4% after Citi downgraded shares on a demand slowdown. Citi's Paul Lejuez downgraded the sports retailer to neutral from buy and lowered the price target by $20 to $140 on pressure amid accusations of forced labor in Xinjiang that boiled up again recently, StreetInsider reported. Nike said in an undated statement that it does not source products from the region and has confirmed with contract suppliers that they are not using textiles or spun yarn from the region. Nike had been rallying as demand...

20 April

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Virgin Galactic Slumps as Cathie Wood’s ARK Dumps Shares By Investing.com

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By Christiana Sciaudone Investing.com -- Cathie Wood strikes again. Shortly after launching her space-focused ETF, the star investor dumped shares of Virgin Galactic Holdings Inc (NYSE:SPCE), sending the stock down about 6%. ARK Autonomous Technology & Robotics ETF (NYSE:ARKQ) sold 315,600 shares of Virgin Galactic and ARK Space Exploration & Innovation ETF (NYSE:ARKX) sold 275,204 shares, approximately $13.3 million, 247wallstreet.com said.Virgin Galactic is down by more than half since hitting a record earlier this year. But big names have been selling the stock recently, including billionaire founder Sir Richard Branson. The company aims to offer commercial service...

20 April

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Britain concerned about Russia military build-up on Ukraine border By Reuters

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LONDON (Reuters) - Britain has significant concerns over the buildup of Russian forces on the Ukraine border and wants to de-escalate the situation, foreign minister Dominic Raab said on Tuesday. More than 100,000 Russian troops have massed on Ukraine's border and in annexed Crimea, the office of the EU's top diplomat has said. "We have significant concerns about the recent Russian military buildup of forces on Ukraine's border," Raab told lawmakers. "We're working with out allies...

20 April

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Bomb found near home of Northern Ireland police officer By Reuters

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BELFAST (Reuters) - A viable bomb has been found near the home of a part-time police officer in Northern Ireland, the region's police force said in a statement on Tuesday. The device was found on Monday in Dungiven, a town near the city of Londonderry. A security alert in the area remained live as police investigated the circumstances of the attack. "We are treating this as an attack on a member of staff who also serves her community as a part-time officer," the Police Service of Northern Ireland said. The statement did not say who might...

20 April

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M&G reopens UK property fund frozen since 2019 By Reuters

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LONDON (Reuters) - M&G will reopen its two billion pound UK property fund, which it suspended in Dec 2019, after selling 38 properties in the portfolio, the British asset manager said on Tuesday. M&G froze the fund due to problems in the UK retail property sector and uncertainty over Brexit, it said at the time. While many other similar funds froze in March 2020 as a result of the coronavirus pandemic, most have now reopened, industry sources say. The M&G Property Portfolio and its feeder fund will reopen on May 10 and the firm is waiving...

20 April

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William Hill gets court approval for $4 billion takeover by Caesars By Reuters

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By Pushkala Aripaka and Yadarisa Shabong (Reuters) -Bookmaker William Hill moved closer to being taken over by Caesars Entertainment on Tuesday, saying it had gained approval in a British court for the 2.9 billion pound ($4 billion) deal, which was opposed by minority shareholder HBK. William Hill shares fell more than 2% to 271.9 pence at 1208 GMT after the bookmaker said in a statement that the so-called scheme of arrangement for the deal was likely to become effective on Thursday after it was permitted by the court. This approval followed a hearing last month, William...

20 April

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IKEA owner sets aside 4 billion euros for green power projects By Reuters

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By Anna Ringstrom STOCKHOLM (Reuters) -Ingka Group, the owner of most IKEA stores, has earmarked 4 billion euros ($4.8 billion) to invest in wind and solar projects, electric vehicle charging points and other green energy projects by 2030. Companies of all kinds are increasing their investment in a lower carbon future in response to investor pressure and as momentum builds ahead of the next round of U.N. climate talks to be hosted by Britain later this year. Ingka, the main franchisee to brand owner Inter IKEA, has over the last decade spent 2.5 billion euros on...

20 April

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BOJ inflation prediction to show limits of Gov Kuroda’s ultra-easy policy By Reuters

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By Leika Kihara TOKYO (Reuters) - The Bank of Japan is set to predict for the first time that inflation will remain well short of its 2% target beyond Governor Haruhiko Kuroda's term through early 2023, say sources familiar with its thinking. The central bank is also expected to trim this fiscal year's inflation forecast reflecting cuts in cellphone charges, the sources say, underscoring the challenge it faces in eradicating Japan's sticky deflationary mindset. Such projections, to be made in fresh quarterly estimates due out next week, would reinforce expectations the BOJ will maintain its massive...

20 April

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Procter&Gamble Earnings, Revenue beat in Q3 By Investing.com

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Procter&Gamble reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations. Procter&Gamble announced earnings per share of $1.26 on revenue of $18.11B. Analysts polled by Investing.com anticipated EPS of $1.19 on revenue of $17.96B. Procter&Gamble shares are up 10% from the beginning of the year and are trading at $136.61 , down-from-52-week-high.They are under-performing the S&P 500 which is up 10.84% from the start of the year. Procter&Gamble follows other major Consumer/Non-Cyclical sector earnings this month Procter&Gamble's report follows an earnings beat by Coca-Cola on Monday, who...

20 April

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Europe Inc eyes record first-quarter earnings jump as economy recovers By Reuters

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MILAN (Reuters) - Europe Inc earnings are expected to have risen a record 61% in the first quarter of 2021, Refinitiv IBES data showed on Tuesday, as the global economy recovers from the severe downturn caused by the coronavirus pandemic. That would mark the best quarter for Europe Inc since IBES records began around nine years ago and also represents a big improvement compared to last week's forecast for a 55.7% jump. The forecasts, which track companies listed on the pan European STOXX 600 equity benchmark, point to revenues rising 2.8% in the first quarter, compared...

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Nike Drops as Xinjiang Rights Protests May Hurt: Citi By Investing.com

Virgin Galactic Slumps as Cathie Wood’s ARK Dumps Shares By Investing.com

Britain concerned about Russia military build-up on Ukraine border By Reuters

Bomb found near home of Northern Ireland police officer By Reuters

M&G reopens UK property fund frozen since 2019 By Reuters

William Hill gets court approval for $4 billion takeover by Caesars By Reuters

IKEA owner sets aside 4 billion euros for green power projects By Reuters

BOJ inflation prediction to show limits of Gov Kuroda’s ultra-easy policy By Reuters

Procter&Gamble Earnings, Revenue beat in Q3 By Investing.com

Europe Inc eyes record first-quarter earnings jump as economy recovers By Reuters

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