08 January

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M&S clothing sales hammered by lockdowns in Christmas quarter By Reuters

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LONDON (Reuters) - Britain's Marks & Spencer on Friday reported another big fall in clothing and homewares sales in its Christmas quarter, hurt by the COVID-19 pandemic hitting demand and restrictions to stem the virus closing stores. Marks & Spencer (M&S), one of the best known names in UK retail, said revenue in its clothing and home division slumped 25.1% in the...

08 January

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Pets At Home lifts full-year profit forecast By Reuters

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(Reuters) - Pets at Home said on Friday it was expecting its annual underlying pretax profit to be ahead of its previous expectations and reported higher third-quarter sales as its stores remained open during COVID-19 restrictions. The pet supplies firm said it now expects full-year underlying pretax profit to be at least 77 million pounds ($104.50 million), including the previously announced...

08 January

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Japan shares higher at close of trade; Nikkei 225 up 2.36% By Investing.com

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Investing.com – Japan equities were higher at the close on Friday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors propelled shares higher. At the close in Tokyo, the Nikkei 225 gained 2.36% to hit a new 5-year high. The biggest gainers of the session on the Nikkei 225 were Oki Electric Industry Co., Ltd....

08 January

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UK minister says: there are concerns about vaccine protection against S.African variant By Reuters

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LONDON (Reuters) - British Transport Secretary Grant Shapps said on Friday there were concerns about how effective the COVID-19 vaccines might be against the highly transmissible variant of the coronavirus discovered in South Africa. "There are concerns that the South African one in particular - about how effective the vaccine would be against it - so we simply cannot take chances," Shapps...

08 January

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Credit Suisse expects higher costs from U.S. case to push it to fourth-quarter loss By Reuters

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ZURICH (Reuters) - Credit Suisse (SIX:CSGN) on Friday said it expects to book a net loss for its fourth quarter after increasing its provisions for a long-running dispute in the United States by $850 million. The bank had already set aside $300 million in connection with the case which relates to a decade-long dispute regarding a U.S. residential mortgage-backed security...

08 January

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China’s Pig Futures Sink on First Day After Long-Awaited Listing By Bloomberg

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(Bloomberg) -- China’s live hog futures tumbled on their first trading day after a hotly anticipated debut as the industry looks for a safeguard against wild swings triggered by one of the world’s worst animal disease outbreaks. The contract on the Dalian Commodity Exchange slid as much as 9% on Friday. The product, some 20 years in the planning, aims to provide a...

08 January

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Walgreens Boots Earnings, Revenue beat in Q1 By Investing.com

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Walgreens Boots (NASDAQ:WBA) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. Walgreens Boots announced earnings per share of $1.22 on revenue of $36.30B. Analysts polled by Investing.com anticipated EPS of $1.03 on revenue of $34.93B. Walgreens Boots shares are up 7.9% from the beginning of the year and are trading at $43.03...

08 January

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Can companies drive social change? PwC’s Roy Weathers on racial equity By Reuters

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By Chris Taylor NEW YORK (Reuters) - Corporate America is not known for advancing deep societal change. Roy Weathers is trying to fix that. The U.S. vice chair of accounting and advisory giant PwC is spending most of his time these days heading up CEO Action for Racial Equity, a group of more than 100 prominent firms and chief executives trying to...

08 January

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Malaysia’s Top Glove defends board after BlackRock criticism By Reuters

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KUALA LUMPUR (Reuters) - Malaysia's Top Glove Corp defended its board on Friday after BlackRock Inc (NYSE:BLK) issued a scathing statement, attacking the firm's handling of a coronavirus outbreak and saying it had voted against the re-election of six directors this week. The six independent directors were re-elected at the company's annual general meeting on Wednesday, gaining between 86.5% and 72.3% of...

08 January

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Japan Finance Minister expects state of emergency to affect economy in first quarter By Reuters

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TOKYO (Reuters) - Japan's state of emergency over the COVID-19 pandemic will affect the economy in the January-March quarter, but it is too early to predict what will happen beyond that, Finance Minister Taro Aso said on Friday. Japan declared a limited state of emergency in the capital Tokyo and three neighbouring prefectures on Thursday to stem the spread of the...

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News

M&S clothing sales hammered by lockdowns in Christmas quarter By Reuters

Pets At Home lifts full-year profit forecast By Reuters

Japan shares higher at close of trade; Nikkei 225 up 2.36% By Investing.com

UK minister says: there are concerns about vaccine protection against S.African variant By Reuters

Credit Suisse expects higher costs from U.S. case to push it to fourth-quarter loss By Reuters

China’s Pig Futures Sink on First Day After Long-Awaited Listing By Bloomberg

Walgreens Boots Earnings, Revenue beat in Q1 By Investing.com

Can companies drive social change? PwC’s Roy Weathers on racial equity By Reuters

Malaysia’s Top Glove defends board after BlackRock criticism By Reuters

Japan Finance Minister expects state of emergency to affect economy in first quarter By Reuters

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