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Fashion retailer Joules posts 58% plunge in holiday season store sales By Reuters

(Reuters) - British fashion retailer Joules Group on Thursday reported a 58% plunge in total store sales for a seven-week period, including Christmas and New Year, and warned of a hit of up to 18 million pounds if the new COVID-19 curbs continued. The company further estimates the potential loss in revenues to be 14 million pounds ($19.01 million) to 18 million...

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Ryanair slashes annual traffic target on ‘draconian’ UK, Irish lockdowns By Reuters

DUBLIN (Reuters) -Ryanair slashed its annual traffic forecast by around 5 million passengers on Thursday, saying fresh lockdowns in Britain and Ireland targeting a highly contagious new variant of COVID-19 would leave the countries with "few, if any" flights. The Irish low-cost carrier, Europe's largest, also harshly criticised public health measures, saying Irish...

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Energy stocks lift FTSE 100, Sainsbury surges By Reuters

(Reuters) - London's FTSE 100 jumped on Thursday as energy stocks tracked strong gains in crude prices, while investor confidence was further bolstered by hopes of a bigger U.S. stimulus package under a Democrat administration. The blue-chip FTSE 100 gained 0.8%, with BP (LON:BP) and Royal Dutch Shell (LON:RDSa) being the biggest boosts, while supermarket group Sainsbury was the top...

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Up to 4,000 financial firms could fail due to COVID, says UK regulator By Reuters

LONDON (Reuters) - Around 4,000 financial firms in Britain were at "heightened risk" of collapsing due to fallout from the pandemic, the Financial Conduct Authority said on Thursday. The FCA surveyed 23,000 financial firms to check on their resilience to COVID-19, which last year triggered Britain's worst economic downturn in 300 years. "At end of October we've identified there are 4,000 financial...

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Toyota’s sales in China rise 11% in 2020 even as pandemic hits market By Reuters

BEIJING (Reuters) -Japanese automaker Toyota Motor Corp said on Thursday it sold 1.8 million vehicles last year in China, up 11% from a year earlier, narrowing the gap with Volkswagen (DE:VOWG_p) AG and General Motors (NYSE:GM) CO in the world's biggest car market. In China, an increasingly important market for top Japanese automaker Toyota, the company has partnerships with FAW and GAC...

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Sainsbury’s sales up 8.6% in Christmas quarter By Reuters

LONDON (Reuters) - British supermarket group Sainsbury's on Thursday reported underlying sales up 8.6% over the key Christmas quarter as it benefited from out of home eating and drinking being restricted by COVID-19 regulations. Sainsbury's said it now expected after forgoing business rates relief of 410 million pounds ($557 million) to report underlying profit before tax of at least 330 million pounds...

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Delivery Hero raises 1.2 billion euros with capital increase By Reuters

(Reuters) - Delivery Hero raised around 1.2 billion euros ($1.48 billion) by issuing new shares to fund growth, the German online takeaway food company said on Wednesday. Delivery Hero sold 9.44 million new shares to institutional investors, increasing its current share capital by around 4.7%, the $34-billion Berlin-based company said. The placement price of 132.00 euros per share represented a 4.6% discount...

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Japan’s Suga Set to Declare Virus Emergency for Tokyo Region By Bloomberg

(Bloomberg) -- Japanese Prime Minister Yoshihide Suga is set to declare a state of emergency Thursday for Tokyo and adjacent areas, seeking to stem coronavirus infections that are hitting record highs. The declaration will cover the capital and the surrounding prefectures of Kanagawa, Saitama and Chiba, and is likely to take effect from Friday, according to Kyodo News and other domestic media reports....

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AstraZeneca vaccine rollout in England extended to doctors’ practices By Reuters

LONDON (Reuters) - Some doctors' practices in England will be able to offer the COVID-19 vaccine developed by AstraZeneca and Oxford University from Thursday, the National Health Service (NHS) said, targeting the vaccination of the most vulnerable within six weeks. More than 1.3 million people in the United Kingdom have received one shot of either AstraZeneca or Pfizer (NYSE:PFE)'s COVID-19...

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