15 January

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Jaeger’s 63 UK stores to permanently close after M&S deal By Reuters

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LONDON (Reuters) - British fashion retailer Jaeger's 63 stores and concessions will permanently close after Marks and Spencer Group PLC (LON:MKS) on Friday purchased its stock and marketing assets, having secured a deal to buy the brand earlier this week. FRP, administrators to Jaeger Retail Limited, said 211 store staff and 22 head office staff have been made redundant. Before going into administration...

15 January

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JPMorgan Earnings, Revenue beat in Q4 By Investing.com

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JPMorgan (NYSE:JPM) reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations. JPMorgan announced earnings per share of $3.79 on revenue of $29.22B. Analysts polled by Investing.com anticipated EPS of $2.56 on revenue of $28.41B. JPMorgan shares are up 11% from the beginning of the year and are trading at $141.17 , down-from-52-week-high.They are...

15 January

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Investors storm into alternative energy funds ahead of Biden presidency By Reuters

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By Patturaja Murugaboopathy (Reuters) - Investors are rushing to invest in alternative energy funds this year on hopes of more green reforms, with President-elect Joe Biden set to take office next week. According to Lipper data, alternative energy funds that primarily invest in solar, wind, and water firms around the world saw an inflow of $4 billion in the week ended January 13....

15 January

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Emerging markets rally lifts Ashmore assets 9%, shares gain By Reuters

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LONDON (Reuters) - A strong rally in emerging market assets, especially equities, helped lift assets under management (AUM) at money manager Ashmore Group Plc (LON:ASHM) by 9% in the last quarter of 2020, the group said on Friday. The UK-listed emerging markets-focused investment group said its AUM increased by $7.5 billion between September and December with a positive investment performance of...

15 January

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Lockdown worries put European stocks on course for small weekly loss By Reuters

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By Amal S and Sruthi Shankar (Reuters) - European stocks were set to end a four-week winning streak on Friday with small losses, as the prospect of tighter lockdowns in Germany and France as well as new COVID-19 restrictions in China cut into optimism about a global economic recovery. German Chancellor Angela Merkel wants "very fast action" after the country saw a record...

15 January

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Strong renewals boost UK software firm Aveva’s quarterly revenue By Reuters

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(Reuters) - Aveva Group (LON:AVV) on Friday reported an over 26% jump in third-quarter organic revenue, as the British industrial software provider benefited from strong and early contract renewals, sending its shares up 4.2% to the top of the UK blue chip index. The strong revenue growth was driven by a large three-year contract renewal in the food sector, early...

15 January

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India shares lower at close of trade; Nifty 50 down 1.11% By Investing.com

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Investing.com – India equities were lower at the close on Friday, as losses in the Oil & Gas, IT and Public Sector Undertakings sectors propelled shares lower. At the close in NSE, the Nifty 50 lost 1.11%, while the BSE Sensex 30 index lost 1.11%. The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd ...

15 January

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AstraZeneca lung cancer drug gets nod for new dosing regimen in EU, UK By Reuters

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(Reuters) - AstraZeneca Plc said on Friday its cancer drug Imfinzi had been approved in Europe and Britain for a spaced-out regimen in a common type of lung cancer to help reduce the frequency of hospital visits while continuing treatment. The British drugmaker said that an additional dosing option of a 1,500 mg fixed dose, given every four weeks, was approved for...

15 January

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London stocks set for weekly loss; Indivior jumps By Reuters

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(Reuters) - British shares dropped on Friday and were set to close the week lower as fresh lockdowns and rising virus cases dampened hopes of a swift economic recovery, while drugmaker Indivior gained on higher revenue forecast. The British economy will take more than two years to recover to its pre-coronavirus level, a Reuters poll found, with more than 70 economists saying...

15 January

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Mall operator Hammerson CFO James Lenton to step down By Reuters

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(Reuters) - Mall operator Hammerson said on Friday its Chief Financial Officer James Lenton intends to step down, in less than 15 months in the role, and at a time when the COVID-19 pandemic has ravaged the retail industry. The London-based company, which is planning a secondary listing on Euronext Dublin, said it had begun a search for a new CFO. Lenton...

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News

Jaeger’s 63 UK stores to permanently close after M&S deal By Reuters

JPMorgan Earnings, Revenue beat in Q4 By Investing.com

Investors storm into alternative energy funds ahead of Biden presidency By Reuters

Emerging markets rally lifts Ashmore assets 9%, shares gain By Reuters

Lockdown worries put European stocks on course for small weekly loss By Reuters

Strong renewals boost UK software firm Aveva’s quarterly revenue By Reuters

India shares lower at close of trade; Nifty 50 down 1.11% By Investing.com

AstraZeneca lung cancer drug gets nod for new dosing regimen in EU, UK By Reuters

London stocks set for weekly loss; Indivior jumps By Reuters

Mall operator Hammerson CFO James Lenton to step down By Reuters

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