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UK stocks cheer Brexit trade deal after long weekend

(Reuters) - UK shares rallied on Tuesday as investors returned from a long weekend to cheer a post-Brexit trade deal that averted a chaotic finale to the tortuous divorce. The blue-chip FTSE 100 index gained 1.5% in early trading and was on course for its biggest percentage gain in four weeks, while the domestically focussed FTSE 250 index climbed 0.8% to hit...

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Ryanair restricts voting rights of non-EU shareholders in Brexit move

DUBLIN (Reuters) - Ryanair on Tuesday confirmed it would restrict the voting rights of British shareholders from Jan. 1 in a bid to ensure it remains majority EU-owned and retain full licensing and flight rights in the bloc. The plan to restrict British shareholders was approved by the airline last year, subject to the terms of a final agreement on Britain's...

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Analysis: Thumbs up for emerging markets’ QE experiment but risks loom

By Karin Strohecker LONDON (Reuters) - Many emerging markets emulated their developed peers this year with bond-buying programmes that successfully tamped down borrowing costs, yet unease is also stirring about the possible hit to hard-won monetary policy independence. Quantitative easing (QE), until recently the preserve of advanced economies such as Japan or the United States, was adopted this year by more than...

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Stock-picking hedge funds land investors double-digit gains in 2020

By Maiya Keidan (Reuters) - The average hedge fund underperformed the wider stock market in 2020 but saw less volatility while stock-picking funds got a lift from technology and stay-at-home shares in a year beset by a pandemic and uncertainty around the U.S. election. Hedge funds, which aim to protect assets in market downturns and have faced criticism for many years...

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UK’s Hut Group to buy online retailer Dermstore from Target for £259 million

(Reuters) - E-commerce company Hut Group said on Tuesday it would buy U.S. online retailer Dermstore, which sells skin care and beauty products, from Target Corp (NYSE:TGT) for $350 million (259.39 million pounds) in cash. The British company, which owns retail brands such as Lookfantastic and skin care group ESPA, also said it had bought UK-based nutrition product suppliers Claremont...

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Ant plans holding company with regulation similar to bank – Bloomberg News

(Reuters) - Ant Group Co is considering to fold its financial operations into a holding company that could be regulated more like a bank, Bloomberg News reported https://www.bloomberg.com/news/articles/2020-12-29/ant-considers-holding-company-with-regulation-similar-to-bank-sources-say?sref=Yg3sQEZ2&utm_campaign=socialflow-organic&utm_medium=social&utm_content=business&cmpid=socialflow-twitter-business&utm_source=twitter on Monday, citing people familiar with the situation. ...

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Asian shares rise on U.S. stimulus fix, Nikkei hits 30-year high

By Stanley White and Koh Gui Qing TOKYO/NEW YORK (Reuters) - Asian shares jumped on Tuesday, with Japanese stocks hitting a 30-year high, as hopes that a long-awaited U.S. pandemic relief package would be expanded and a Brexit trade deal supported investor risk appetite. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.46%. Australian stocks rose 0.55%. Japan's Nikkei leapt 1.63%...

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FAA to reform new airplane safety approvals after 737 MAX crashes

By David Shepardson WASHINGTON (Reuters) - The Federal Aviation Administration (FAA) said Monday it would reform how it certifies new airplanes in line with legislation passed by Congress after two fatal Boeing (NYSE:BA) 737 MAX crashes that killed 346 people. Lawmakers approved sweeping reforms in legislation signed into law Sunday by U.S. President Donald Trump that boosts FAA oversight of aircraft manufacturers,...

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UK variant linked to high viral loads, Neanderthal gene offers protection

By Nancy Lapid (Reuters) - The following is a roundup of some of the latest scientific studies on the novel coronavirus and efforts to find treatments and vaccines for COVID-19, the illness caused by the virus. UK coronavirus variant associated with higher viral loads The highly infectious COVID-19 coronavirus variant that has been circulating in Britain is linked to higher loads...

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