13 April

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Some investors lukewarm on China’s Ant Group if IPO is revived after revamp By Reuters

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(Refiles to fix erronously deleted reference to IPO in headline) By Ross Kerber and John McCrank BOSTON/NEW YORK (Reuters) -China's regulatory-imposed revamp of Jack Ma's Ant Group, transforming the hot fintech into a financial holding company, appears to have dented some investor appetite for any plans to revive what would have been the world's biggest IPO. The overhaul comes two days after affiliate Alibaba (NYSE:BABA) Group Holding Ltd, which owns around a one-third stake in Ant, was hit with a record $2.75 billion antitrust penalty as China tightens controls on its internet giants. Several...

13 April

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Deliveroo and Sainsbury’s expand delivery trial to 100 stores By Reuters

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LONDON (Reuters) - Food delivery group Deliveroo and supermarket Sainsbury's said on Tuesday they had expanded a grocery delivery trial to around 100 stores across Britain under a new two-year contract. The two companies said around 30% of people in Deliveroo zones could now access more than 1,000 products from Sainsbury's and have them delivered in as little as 20 minutes. ...

13 April

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Britain’s JD Sports sees profit rise for 2022 as stores reopen By Reuters

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(Reuters) - Britain's biggest sportswear retailer JD Sports forecast on Tuesday higher profit in 2022 after reporting a rise in annual profit in the last financial year as some stores reopened this week and online sales continued to surge. The company expects headline profit before tax for the year until January 2022 to come in the range of 475 million pounds ($653.08 million) to 500 million pounds. ($1 = 0.7273 pounds) ...

13 April

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Blackstone tweaks conditions for $6 billion Australia Crown Resorts buyout By Reuters

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(Reuters) - Australian casino operator Crown Resorts Ltd said private equity giant Blackstone (NYSE:BX) Group Inc modified the conditions of a proposed $6 billion buyout, saying the target must not lose further state licences before the deal is approved. Crown has already been found to be unfit to hold a gambling licence for its Sydney casino due to alleged links to organised crime, and faces quasi-judicial public inquiries into its operations in Victoria and Western Australia (WA), the two other states where it operates. Last month, the U.S. buyout specialist, which already owns 10%...

13 April

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Prince Philip devotees hold mourning ceremony in Vanuatu By Reuters

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MELBOURNE (Reuters) - Devotees of the late Prince Philip held a mourning ceremony in his honour on Monday on the South Pacific island of Tanna in Vanuatu. Villagers held photographs of the late Prince, and spoke of "opening the road for his spirit to grow," footage obtained by Reuters showed. Philip, husband of Britain's Queen Elizabeth who had been at her side throughout her 69-year reign, died at Windsor Castle on Friday, aged 99. "We allow the kava to clear the way to allow for his spirit to come back and live with us....

13 April

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Asia shares cautious ahead of U.S. earnings and inflation data By Reuters

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By Scott Murdoch HONG KONG (Reuters) - Asia share markets were cautious on Tuesday after U.S. markets weakened as investors anticipated the start of corporate earnings seasons and the release of key inflation data to indicate how the global recovery from the pandemic will emerge. MSCI's broadest index of Asia-Pacific shares outside Japan was trading less than 0.1% higher early Tuesday. In Australia, the S&P/ASX200 gained 10 points to 6983.90 early in the session while Japan's Nikkei rose 0.9%. Tech stocks drove the gain in Australian stocks while the country's major miners showed signs of weakness....

13 April

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Roblox, GameStop Have a Contrasting Day, With Meme Stock Routed By Investing.com

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By Dhirendra Tripathi Investing.com – Video games may be at the heart of their business but shares of Roblox and GameStop (NYSE:GME) were reacting to different scripts in Monday's trade – the former getting a thumbs up all around and stakeholders being told to dump the latter. Roblox shares rose more than 5%, extending their recent gains on top of several analysts rating it a buy. GameStop fell 10%. On-platform bookings remained strong through March and M Science expects it to deliver a Q1 beat, according to a note issued Thursday. Last week, BofA initiated Roblox...

13 April

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Air Canada reaches deal on C$5.9 billion aid package with Ottawa, will buy Airbus, Boeing jets By Reuters

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By David Ljunggren and Allison Lampert OTTAWA/MONTREAL (Reuters) - Air Canada, struggling with a collapse in traffic due to the COVID-19 pandemic, reached a deal on Monday on a long-awaited aid package with Ottawa that would allow it to access up to C$5.9 billion ($4.69 billion), both sides said. As part of the package, Air Canada said it would proceed with planned purchases of 33 Airbus SE 220 airliners and 40 Boeing (NYSE:BA) Co 737 MAX airliners. "This financial support...

13 April

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Change bank capital rules to boost climate action – survey By Reuters

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By Simon Jessop LONDON (Reuters) - An overhaul of bank capital rules would be the most effective step regulators could take to support climate action, a group of 50 sustainable finance experts said on Tuesday. In a survey carried out by the non-profit Climate Safe Lending Network, academics, commercial banks, investors, non-governmental organisations and central banks were asked to rank 10 proposals for how financial regulation could be changed to boost climate efforts. Respondents included the Bank of England, the European Central Bank and Spain's BBVA (MC:BBVA), as well as Boston Common Asset Management and Amalgamated...

13 April

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Home Depot, Lowe’s at Records as Loop Sees Home Loving Ongoing By Investing.com

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By Christiana Sciaudone Investing.com -- Home improvement and do-it-yourself trends prompted by the pandemic are here to stay, Loop Capital said. The firm raised price targets on Lowe's (NYSE:LOW) and Home Depot (NYSE:HD) to Street-highs in both cases as a result, according to Seeking Alpha. Both are trading near records after already having solid returns throughout the pandemic. "We believe consumers are likely to be spending more time at home than they normally would for a few more quarters, and the work-from-home crowd is likely to grow over the long-term," Seeking Alpha...

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News

Some investors lukewarm on China’s Ant Group if IPO is revived after revamp By Reuters

Deliveroo and Sainsbury’s expand delivery trial to 100 stores By Reuters

Britain’s JD Sports sees profit rise for 2022 as stores reopen By Reuters

Blackstone tweaks conditions for $6 billion Australia Crown Resorts buyout By Reuters

Prince Philip devotees hold mourning ceremony in Vanuatu By Reuters

Asia shares cautious ahead of U.S. earnings and inflation data By Reuters

Roblox, GameStop Have a Contrasting Day, With Meme Stock Routed By Investing.com

Air Canada reaches deal on C$5.9 billion aid package with Ottawa, will buy Airbus, Boeing jets By Reuters

Change bank capital rules to boost climate action – survey By Reuters

Home Depot, Lowe’s at Records as Loop Sees Home Loving Ongoing By Investing.com

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