24 February

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UK’s Sunak could extend stamp duty holiday until June-end – The Times By Reuters

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(Reuters) - British finance minister Rishi Sunak is preparing to extend the stamp duty holiday by three months until the end of June in an attempt to boost activity in the housing market as the country emerges from lockdown, The Times reported on Wednesday. The extension to the policy, which covers sales of properties worth up to 500,000 pounds ($708,100), could cost...

24 February

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Strong exports, construction boost German economy in fourth quarter By Reuters

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BERLIN (Reuters) - Bullish exports and solid construction activity helped the German economy to grow by a stronger-than-expected 0.3% in the final quarter of last year, the Federal Statistics Office said on Wednesday, revising an earlier estimate. The office, which previously had reported a 0.1% expansion on the quarter from October to December, said it also revised upward its 2020 full-year GDP...

24 February

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Britain’s Heathrow sinks to $2.8 billion loss during pandemic By Reuters

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LONDON (Reuters) - Britain's Heathrow Airport plunged to a 2 billion pound ($2.8 billion) annual loss after passenger numbers collapsed to levels last seen in the 1970s during the pandemic. Heathrow called on the government to agree a common international travel standard to allow travel to restart in the summer and to provide tax breaks for airports to help them ride out...

24 February

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Puma forecasts strong rebound from end of second quarter By Reuters

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BERLIN (Reuters) - German sportswear company Puma said it expected it would see a heavy impact on its results from lockdowns to contain the coronavirus pandemic through the end of the second quarter, but said it sees strong improvements after that. Fourth-quarter sales rose by a currency-adjusted 9.1% to 1.52 billion euros ($1.85 billion) and operating profit by 14.6% to 63 million...

24 February

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Reckitt Benckiser caps 2020 with record sales, to sell Scholl By Reuters

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(Reuters) - British consumer goods maker Reckitt Benckiser on Wednesday capped 2020 with the strongest sales in its history, as the COVID-19 pandemic made hygiene a top priority and fuelled demand for its cleaning products. The company reported an 11.8% rise in like-for-like sales growth for the full year, its largest increase since being formed in 1999, but marginally lower than...

24 February

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Canada shares lower at close of trade; S&P/TSX Composite down 0.51% By Investing.com

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Investing.com – Canada equities were lower at the close on Tuesday, as losses in the Healthcare, Clean Technology and IT sectors propelled shares lower. At the close in Toronto, the S&P/TSX Composite fell 0.51%. The biggest gainers of the session on the S&P/TSX Composite were Thomson Reuters Corp (TSX:TRI), which rose 10.63% or 10.76 points to trade at 112.02...

24 February

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Cathie Wood Fan Club Faces Big Test as Ark Funds Extend Rout By Bloomberg

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(Bloomberg) -- The biggest slide in months for Cathie Wood’s funds is testing the resolve of investors who plowed billions of dollars into one of the hottest firms on Wall Street. All five of Ark Investment Management’s active exchange-traded funds slumped on Tuesday, with the company’s $27 billion flagship ETF tumbling as much as 12% and heading toward its worst back-to-back rout since...

24 February

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Chipmakers in drought-hit Taiwan order water trucks to prepare for ‘the worst’ By Reuters

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TAIPEI (Reuters) - Taiwan chipmakers are buying water by the truckload for some of their foundries as the island widens restrictions on water supply amid a drought that could exacerbate a chip supply crunch for the global auto industry. Some auto makers have already been forced to trim production, and Taiwan had received requests for help to bridge the shortage of...

24 February

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Hong Kong Pledges HK$120 Billion in Support as Economy Recovers By Bloomberg

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(Bloomberg) -- Hong Kong’s Financial Secretary Paul Chan pledged HK$120 billion ($15.5 billion) of fiscal support for an economy slowly emerging from two years of recession. The counter-cyclical measures will help to stabilize the economy and relieve people’s burden, Chan said in his budget speech to the Legislative Council on Wednesday. The economy is...

24 February

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Exclusive: CDP consortium’s bid to value Atlantia unit at 9 billion euros – sources By Reuters

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By Francesca Landini and Giuseppe Fonte MILAN (Reuters) - A consortium of investors led by Italian state lender Cassa Depositi e Prestiti (CDP) is expected to approve a binding offer for Atlantia's 88% stake in motorway unit Autostrade per l'Italia later on Tuesday, two sources close to the matter said. The bid will be based on a valuation of 9 billion euros...

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UK’s Sunak could extend stamp duty holiday until June-end – The Times By Reuters

Strong exports, construction boost German economy in fourth quarter By Reuters

Britain’s Heathrow sinks to $2.8 billion loss during pandemic By Reuters

Puma forecasts strong rebound from end of second quarter By Reuters

Reckitt Benckiser caps 2020 with record sales, to sell Scholl By Reuters

Canada shares lower at close of trade; S&P/TSX Composite down 0.51% By Investing.com

Cathie Wood Fan Club Faces Big Test as Ark Funds Extend Rout By Bloomberg

Chipmakers in drought-hit Taiwan order water trucks to prepare for ‘the worst’ By Reuters

Hong Kong Pledges HK$120 Billion in Support as Economy Recovers By Bloomberg

Exclusive: CDP consortium’s bid to value Atlantia unit at 9 billion euros – sources By Reuters

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