8:00 - 19:00

Working hours MON. - FRI.

 

News

UK reports highest number of new COVID cases since April 1 By Reuters

LONDON (Reuters) - Britain reported the highest number of new COVID cases since April 1 on Monday, with 3,568 new cases reported, up from 1,730 on Sunday, government data showed. A further 13 people were reported as having died within 28 days of a positive test for COVID-19, taking the total number of deaths on the measure to 127,100. Some 69,223 people received a first dose of a vaccine against coronavirus, taking this total to 32.191 million, and 189,665 people received a second dose. ...

Continue reading

S&P 500 Stutters After Hitting Fresh Record High By Investing.com

By Yasin Ebrahim Investing.com – The S&P 500 retreated from a fresh record high Monday, as falling technology stocks offset a rise in financials and consumer discretionary ahead of the start of quarterly earnings season this week. The S&P 500 fell 0.13%, after hitting a record high of 4,130.9, the Dow Jones Industrial Average fell 0.36%, or 120 points, and the Nasdaq Composite was down 0.42%. Consumer discretionary and financials supported the broader market's move to record highs, with the latter coming under the spotlight as major banks report quarterly earnings this week. Major Wall Street...

Continue reading

Air France-KLM to raise 1 billion euros via share issue By Reuters

PARIS (Reuters) -France is bailing out stricken Air France-KLM via a one billion euro share issue that will more than double its stake in the airline to nearly 30% while its Dutch co-owners ruled out taking part in the refinancing, terms of a proposed capital increase showed on Monday. Air France-KLM said in a statement it had launched a share issue to raise about 988 million euros ($1.2 billion) to strengthen its liquidity and finance its general needs in the context of the COVID-19 crisis. The new shares will be priced at 4.84 and 5.31 euros...

Continue reading

Exclusive: GameStop initiates search for new CEO -sources By Reuters

By Svea Herbst-Bayliss (Reuters) - GameStop Corp (NYSE:GME) is looking for a new chief executive to replace George Sherman as it pivots from being a brick-and-mortar video game retailer to an e-commerce firm, three people familiar with the matter said on Monday. It would be the biggest shakeup at GameStop since Ryan Cohen, the co-founder and former chief executive of online pet food company Chewy Inc, joined its board in January. Its stock is up almost 4,000% from a year ago, after it became the poster child of retail traders betting on so-called "meme"...

Continue reading

FTSE 100 starts week on back foot, GBP jumps, Bitcoin above $60K By Investing.com

Key Points FTSE 100 closing price of 6890.10, -0.4% GBP higher as UK lockdown measures eased Airlines lower after cautious HSBC note C4X Discovery (LON:C4XD) rallies after Sanofi (PA:SASY) deal Bitcoin steady near $60,000 after weekend jump WTI and Brent crude futures higher By Samuel Indyk Investing.com – The FTSE 100 closed Monday’s trading session in negative territory, pulling back from the multi-month gains seen last week. Airlines were lower after a cautious note from HSBC following the UK government’s announcement last week of its plan to resume international travel. HSBC said the traffic...

Continue reading

Shirley Williams, co-founder of UK’s Social Democratic Party, dies aged 90 By Reuters

LONDON (Reuters) - British politician Shirley Williams (NYSE:WMB), who changed the country's political landscape in 1981 by quitting the Labour Party to co-found the Social Democratic Party, died on Monday aged 90. Williams, who told the Guardian newspaper in 2015 her happiest memories were of living at her mother's countryside cottage during World War Two, left the Labour Party to form the SDP after becoming disillusioned with its leftist policies under leader Michael Foot. The SDP merged with the Liberal Party in 1988 to form the Liberal Democrat party, which was the junior partner in a...

Continue reading

HSBC bans customers from buying bitcoin-backer MicroStrategy shares By Reuters

By Tom Wilson LONDON (Reuters) - HSBC has banned customers of its online share-trading platform from buying or moving into their accounts MicroStrategy Inc stock, a message seen by Reuters showed, calling it a "virtual currency product". The bank will not facilitate the buying or exchange of products related to or referencing the performance of virtual currencies, the message to an HSBC InvestDirect client said. Bitcoin is the largest and best-known virtual currency. MicroStrategy did not respond to an email and phone message requesting comment. The U.S. business software firm is led by bitcoin proponent...

Continue reading

Airbus defence, technology chiefs leave in executive shake-up By Reuters

PARIS (Reuters) - Airbus said on Monday its defence and technology chiefs were leaving the company, triggering the biggest shake-up in its top ranks since Chief Executive Guillaume Faury took the helm two years ago. Dirk Hoke, head of the Airbus Defence & Space division, and Chief Technology Office Grazia Vittadini will both step down on July 1, the company said in a statement. Hoke, who has been leading efforts to co-develop a European fighter with France's Dassault Aviation, will be replaced in the top defence spot by production chief Michael Schoellhorn, whose role as...

Continue reading

Tesla rallies after Canaccord upgrades rating, says it’s like Apple By Reuters

By Noel Randewich (Reuters) - Shares of Tesla rose 3% on Monday after Canaccord Genuity raised its rating on the electric car maker to "buy" and compared its brand to Apple (NASDAQ:AAPL). Canaccord Genuity analyst Jed Dorsheimer upgraded Tesla to "buy" from "hold" and increased his price target to $1,071, the second highest among 37 analysts tracked by Refinitiv. The company run by Elon Musk last traded at $697. "TSLA is rapidly creating an Apple-esque ecosystem of energy products, harmonized in electrification, to become The Brand in energy storage," Dorsheimer wrote in a client note...

Continue reading

Nvidia announces Arm-based ‘Grace’ server chip in direct challenge to Intel By Reuters

By Stephen Nellis (Reuters) - Nvidia Corp on Monday said it plans to make a server processor chip based on technology from the United Kingdom's Arm Ltd, putting it in the most direct competition yet with rival Intel Corp (NASDAQ:INTC) and adding a layer of complexity to the antitrust review of Nvidia's $40 billion deal to buy Arm. Intel is the world's biggest maker of central processors for data center servers but has increasingly seen competition from Arm-based chips. With its "Grace" server processor, Nvidia will be the largest chip company so far to...

Continue reading
en_GBEnglish