26 January

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JD Sports confirms exploring additional funding options By Reuters

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(Reuters) - JD Sports Fashion Plc confirmed on Tuesday that it was exploring additional funding options which may involve a non-equity placing, as it looks to increase its flexibility to invest in future strategic opportunities. The announcement comes a day after Sky News reported https://news.sky.com/story/jd-sports-fashion-plots-400m-share-sale-to-bolster-deals-warchest-12198844 JD Sports Fashion was in talks about a 400 million pound ($545.56 million) share sale, and was...

26 January

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Rolls-Royce downgrades 2021 outlook as virus halts travel By Reuters

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LONDON (Reuters) - Britain's Rolls-Royce (LON:RR) downgraded expectations for how much its engines would fly this year and warned of a big cash outflow, blaming extra travel restrictions aimed at stopping the spread of new COVID-19 variants. Rolls-Royce said that it now expected a cash outflow in the region of 2 billion...

26 January

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Kuaishou to Give Asian IPOs the Best Start to a Year Since 2010 By Bloomberg

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(Bloomberg) -- The world’s biggest internet initial public offering since Uber Technologies (NYSE:UBER) Inc. is set to make this the best start to a year for stock listings in Asia since 2010. Kuaishou Technology’s Hong Kong IPO of as much as $5.4 billion will push the amount raised through first-time share sales in the region in 2021 to $9.93 billion, the most for...

26 January

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UBS fourth-quarter profit jumps 137% By Reuters

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ZURICH (Reuters) - UBS on Tuesday posted a 137% rise in fourth-quarter net profit, as high levels of client activity helped the world's largest wealth manager end 2020 on a high note. Fourth-quarter net profit of $1.708 billion far outstripped median expectations for $966 million in a poll of 20 analysts compiled by the bank. "Our strong 2020 results clearly demonstrate the...

26 January

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Hyundai Motor fourth-quarter profit jumps 57% on demand for SUVs, Genesis By Reuters

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SEOUL (Reuters) - Hyundai Motor Co posted on Tuesday a 57% jump in quarterly profit on strong demand for high-margin SUVs and its premium Genesis cars, but results came in slightly below expectations due to the impact of a strong South Korean won. Hyundai, which together with affiliate Kia Corp is among the world's top 10 automakers, reported a net profit...

26 January

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AMC Jumps After Raising Nearly $1 Billion in Cash By Investing.com

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Investing.com -- AMC Entertainment Holdings Inc (NYSE:AMC) shares jumped 30% on Monday after the company said it raised $917 million in cash since December, enough to stave of a bankruptcy for now. The largest movie theater operator has been reeling from pandemic-related closures and restrictions. Shares are down 32% in the last year. On Monday, Goldman Sachs (NYSE:GS) analysts said U.S. box office...

26 January

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Volkswagen ordered to pay $20 million in Spanish diesel claim, carmaker to appeal By Reuters

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MADRID (Reuters) - A Spanish court has ordered German carmaker Volkswagen (DE:VOWG_p) to pay 16.3 million euros ($19.8 million) in compensation to people in Spain who bought cars with emissions-cheating devices installed, consumer group OCU said on Monday. The company will appeal the ruling, a spokesman said. After a five-year legal battle, a Madrid court found Volkswagen had engaged in anti-competitive...

26 January

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Asian stocks set for soft start, dollar mostly steady By Reuters

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By Alwyn Scott NEW YORK (Reuters) - Asian stocks came under pressure on Tuesday as worries about U.S. stimulus and surging coronavirus infections led to a mixed Wall Street session, while the dollar consolidated overnight gains. The choppy trade reflected concerns about new strains of the deadly virus, along with uncertainty about the $1.9 trillion U.S. fiscal stimulus plan that has hit...

26 January

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Ireland plans to exit lockdown ‘very slowly’ after March 5 – deputy PM By Reuters

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DUBLIN (Reuters) - Ireland is set to extend a shutdown of the economy until March 5 and will ease restrictions very gradually similar to its exit from an initial lockdown last year if it can suppress COVID-19 again, Deputy Prime Minister Leo Varadkar said on Monday. COVID-19 cases have begun to fall sharply in Ireland after exploding at the fastest rate in...

26 January

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Canada shares higher at close of trade; S&P/TSX Composite up 0.05% By Investing.com

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Investing.com – Canada equities were higher at the close on Monday, as gains in the IT, Telecoms and Industrials sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite gained 0.05%. The biggest gainers of the session on the S&P/TSX Composite were BlackBerry Ltd (TSX:BB), which rose 30.91% or 5.52 points to trade at 23.38 at the close. TFI...

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News

JD Sports confirms exploring additional funding options By Reuters

Rolls-Royce downgrades 2021 outlook as virus halts travel By Reuters

Kuaishou to Give Asian IPOs the Best Start to a Year Since 2010 By Bloomberg

UBS fourth-quarter profit jumps 137% By Reuters

Hyundai Motor fourth-quarter profit jumps 57% on demand for SUVs, Genesis By Reuters

AMC Jumps After Raising Nearly $1 Billion in Cash By Investing.com

Volkswagen ordered to pay $20 million in Spanish diesel claim, carmaker to appeal By Reuters

Asian stocks set for soft start, dollar mostly steady By Reuters

Ireland plans to exit lockdown ‘very slowly’ after March 5 – deputy PM By Reuters

Canada shares higher at close of trade; S&P/TSX Composite up 0.05% By Investing.com

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