11 December

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EU banking appetite for Brexit Britain may be waning, watchdog says

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By Huw Jones LONDON (Reuters) - European Union banks may be losing appetite for exposures to Britain, the EU's banking watchdog said on Friday, as the prospect of a no-deal Brexit that could disrupt financial markets increased. Britain ceases to have full access to the EU after Dec. 31 and many banks in London have opened hubs in the bloc to avoid...

11 December

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Lululemon Loses Despite Analyst Love

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By Christiana Sciaudone Investing.com -- Lululemon Athletica Inc (NASDAQ:LULU) investors have some lofty expectations. Sales rose 22% for the third quarter to $1.1 billion (that's an awful lot of luon leggings), gross profit was up 24% and earnings per share of $1.10 beat the expected 86-cent estimate. What more can they possibly want? A better outlook, apparently. On the...

11 December

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Big tech firms to face 6% fines if breach new EU content rules

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By Foo Yun Chee BRUSSELS (Reuters) - Big tech firms such as Google (NASDAQ:GOOGL) and Facebook (NASDAQ:FB) will face fines of up to 6% of turnover if they do not do more to tackle illegal content and reveal more about advertising on their platforms under draft European Union rules. The EU's tough line,...

11 December

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Leonardo hack targeted commercial, military component unit – police officer

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MILAN (Reuters) - Computers hacked at Italian defence group Leonardo between 2015 and 2017 belonged to a unit that makes components for both commercial and military aircraft, including C27J and ATR turboprop, a police officer working on the case told Reuters. The officer, who asked not to be identified by name, said police were now looking into the hard disks and...

11 December

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Consumer Sentiment in U.S. Rises Unexpectedly on Vaccine News

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(Bloomberg) -- A gauge of U.S. consumer sentiment unexpectedly increased in early December to the second-highest level since March, amid prospects for a vaccine coming soon to tame the pandemic. The University of Michigan’s preliminary sentiment index rose 4.5 points to 81.4, from a final November reading of 76.9, according to figures Friday that topped all estimates in Bloomberg’s survey of economists. The...

11 December

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Insurers jostle to give dealmakers cover for when things go wrong

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By Carolyn Cohn LONDON (Reuters) -A record rebound in merger activity this year and a rise in litigation has brought with it an upsurge in insurance policies that give companies and private equity firms cover for when a deal goes wrong, industry officials say. Keen for revenue after a year marked by payouts...

11 December

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Britain’s Asda paid parent Walmart $1.52 billion dividend

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LONDON (Reuters) - Asda, the British supermarket being sold by Walmart (NYSE:WMT), paid its parent a 1.15 billion pound ($1.52 billion) dividend from surplus cash in March, Asda's annual report showed on Friday. In October, the Issa brothers and private equity group TDR Capital agreed to buy a majority stake in Asda from Walmart in a deal giving the chain an enterprise...

11 December

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U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.60%

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Investing.com – U.K. equities were lower at the close on Friday, as losses in the Automobiles & Parts, Fixed Line Telecommunications and Aerospace & Defense sectors propelled shares lower. At the close in London, the Investing.com United Kingdom 100 fell 0.60%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Spirax-Sarco Engineering PLC (LON:SPX), which rose 2.29%...

11 December

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Banks split over British bounce back debt plan

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By Iain Withers and Sinead Cruise LONDON (Reuters) - Only 10 British banks have signed up to an industry-wide plan for collecting unpaid emergency COVID-19 loans, with more than a dozen including HSBC considering going it alone, sources told Reuters. UK Finance is setting up a central body to co-ordinate collecting unpaid loans to help its members cope with a forecast surge...

11 December

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Bundesbank sees sharp rebound in German growth after virus second wave

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FRANKFURT (Reuters) - Germany's economy will contract less this year than previously projected and its rebound will accelerate once the economy can start to reopen from the second wave of the pandemic next year, the country's central bank said on Friday. With much of the euro zone in partial lockdown, the bloc's economy is expected to shrink this year. But the arrival of...

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News

EU banking appetite for Brexit Britain may be waning, watchdog says

Lululemon Loses Despite Analyst Love

Big tech firms to face 6% fines if breach new EU content rules

Leonardo hack targeted commercial, military component unit – police officer

Consumer Sentiment in U.S. Rises Unexpectedly on Vaccine News

Insurers jostle to give dealmakers cover for when things go wrong

Britain’s Asda paid parent Walmart $1.52 billion dividend

U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.60%

Banks split over British bounce back debt plan

Bundesbank sees sharp rebound in German growth after virus second wave

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