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Trading shares in ‘dark pools’ can save money, says Britain free of EU rules By Reuters

By Huw Jones LONDON (Reuters) - Investors can save money by trading shares in "dark pools", a paper from British regulators said on Wednesday after it broadened use of such anonymised dealing in stocks to bolster London's financial sector in the wake of Brexit. Dark pools, private exchanges for trading securities, are popular with institutional investors who want to execute large transactions...

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Bank of England preview – What can we expect? By Investing.com

By Samuel Indyk Investing.com – The Bank of England (BoE) will announce its latest monetary policy decision on Thursday and also publish its latest quarterly monetary policy report (previously named the inflation report). Expectation is for the central bank to keep its interest rate on hold at a record low of 0.1%, the level the rate was cut to when the pandemic started...

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Bezos Bows Out, ADP Payrolls, Draghi’s Return, OPEC – What’s up in Markets By Investing.com

By Geoffrey Smith  Investing.com -- Jeff Bezos bows out of Amazon on a high note, as Alphabet also blows past forecasts in the fourth quarter. ADP payrolls are due, Mario Draghi is set to be invited to be Italy’s next Prime Minister, and OPEC meets to congratulate itself on rebalancing the world oil market. Here’s what you need to know in financial markets on...

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Biogen Earnings miss, Revenue beats In Q4 By Investing.com

Biogen (NASDAQ:BIIB) reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations. Biogen announced earnings per share of $4.58 on revenue of $2.85B. Analysts polled by Investing.com anticipated EPS of $4.75 on revenue of $2.8B. Biogen shares are up 13% from the beginning of the year and are trading at $277.72 , down-from-52-week-high.They are...

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GSK says split plans on track, forecasts dip in profit this year By Reuters

(Reuters) - Britain's GSK said on Wednesday its plan to split into two businesses was on track, as the drugmaker aiding in COVID-19 vaccine developments forecast 2021 profit to fall by a mid- to high-single digit percentage. The company, which earlier in the day announced a tie-up with CureVac to develop a COVID-19 vaccine, reported a 2% fall in turnover in...

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Britain will publish aviation recovery plan later this year By Reuters

LONDON (Reuters) - Britain will publish its aviation recovery plan later this year transport minister Grant Shapps said on Wednesday, adding that he could not give more detail on the timing because of uncertainty caused by coronavirus. "The best I can give you right now is later this year," Shapps told a parliamentary committee when asked about the recovery plan, adding that...

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StockBeat: Prospect of Draghi’s Return Lifts Italian Stocks By Investing.com

By Geoffrey Smith  Investing.com -- Italy’s stocks and bonds roared back to life on Wednesday after President Sergio Mattarella confirmed he will invite Mario Draghi, the former president of the European Central Bank, to form a new government. By mid-morning in Europe, the FTSE MIB was the standout performer in the region, gaining 2.2% to 22,560 points, while the spread between the Italian and...

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Get a move on in scrapping Libor, UK asset managers tell issuers By Reuters

LONDON (Reuters) - Britain's asset managers called on companies to "step up" efforts to switch the pricing of bonds worth 108 billion pounds ($147.38 billion) from Libor to an alternative. "With the deadline now fast-approaching, there remains a significant number of outstanding Libor-linked bonds which have not yet transitioned to a new rate," the Investment Association said in a letter to companies...

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