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01 June
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Domino’s to hire 5,000 staff in UK as demand ramps up By Reuters

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(Reuters) -Domino's Pizza Group said on Tuesday it would hire 5,000 pizza chefs and delivery drivers to bolster its 1,100 UK stores as customer demand heats up. The move comes as British pubs and restaurants that reopened after months of lockdown face a potential staffing crunch as they serve more hungry and thirsty customers over the warmer summer months. "We were able to play a part by offering people the opportunity to continue working and earning when times were tough. But as people start to reunite, customer demand is showing no signs of slowing," operations director...

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01 June
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Omega Diagnostics highlights positive study data for COVID-19 antigen test By Investing.com

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By Samuel Indyk Investing.com – Omega Diagnostics (LON:ODX) has said that a study of its Mologic lateral flow antigen test has provided “positive” results. The study, titled “Accuracy of the Mologic COVID-19 rapid antigen test: a prospective multi-centre analytical and clinical evaluation”, concluded that the Mologic test has fulfilled the World Health Organization target diagnostic accuracy with a high sensitivity (93.2%-98.4%) detecting individuals with high viral load infections. “This is great news for the Mologic test, which we are now producing under our VISITECT brand,” said Omega Diagnostics CEO Colin King. “It is significant that the...

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01 June
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Miners, oil majors boost FTSE 100 higher ahead of factory activity data By Reuters

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By Devik Jain (Reuters) - London's FTSE 100 index rose on Tuesday, helped by gains in heavyweight commodity stocks, while investors awaited a monthly reading on factory activity to gauge the pace of the country's economic recovery. The blue-chip index climbed 0.7%, with base metal miners gaining 3.1% as they tracked higher copper and iron ore prices. [O/R] Oil majors BP (LON:BP) and Royal Dutch Shell (LON:RDSa) added more than 1.2% each after Brent crude topped $70-mark on favourable demand outlook. [O/R] The domestically focused mid-cap FTSE 250 index advanced 0.6%. "A too rapid...

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01 June
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BoE monitoring UK housing boom as it weighs inflation risk: Deputy Governor By Reuters

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(Reuters) - The Bank of England is carefully monitoring Britain's booming housing market as it weighs up the possibility that a rapid recovery from the COVID-19 pandemic will lead to a sustained period of inflation, Deputy Governor Dave Ramsden said. "There is a risk that demand gets ahead of supply and that will lead to a more generalised pick-up in inflationary pressure. That's something we are absolutely going to guard against. We are looking carefully at the housing market and a raft of real-term indicators", Ramsden said in an interview published on Tuesday in the...

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01 June
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Daimler to pay Nokia patent fees, ending legal fight By Reuters

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By Foo Yun Chee BRUSSELS (Reuters) - Daimler has agreed to pay Nokia (HE:NOKIA) for using its patents, ending a row that highlighted a battle between tech and car companies over royalties for key technologies. Nokia, which makes 1.4 billion euros ($1.7 billion) in licensing revenues every year, and carmaker Daimler had sued each other in German courts in recent years, with mixed results. Tech firms want automakers to pay royalties for technologies used in navigation systems, vehicle communications and self-driving cars but the latter say their suppliers should pay instead, which could reduce the fees...

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01 June
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OPEC, Russia seen gaining more power with Shell Dutch ruling By Reuters

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By Dmitry Zhdannikov LONDON (Reuters) - Climate activists who scored big against Western majors last week had some unlikely cheerleaders in the oil capitals of Saudi Arabia, Abu Dhabi and Russia. Defeats in the courtroom and boardroom mean Royal Dutch Shell (LON:RDSa), ExxonMobil and Chevron are all under pressure to cut carbon emissions faster. That’s good news for the likes of Saudi Arabia’s national oil company Saudi Aramco (SE:2222), Abu Dhabi National Oil Company and Russia's Gazprom (MCX:GAZP) and Rosneft. It means more business for them and the Saudi-led Organization of...

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01 June
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M&C Saatchi swipes up annual forecast on new robust campaigns By Reuters

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(Reuters) - M&C Saatchi on Tuesday forecast annual results ahead of market estimates, as the advertising agency signed new clients ranging from the first digital UK Census campaign to marketing drive for Tinder across Southeast Asia. The company, founded in 1995 by brothers and ad moguls Maurice and Charles Saatchi, said its performance was better than expected in the first four months of the year. It also signed a new loan facility for up to 47 million pounds ($66.82 million). ($1 = 0.7034 pounds) ...

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01 June
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Japan Finance Minister does not expect G7 meet to debate specific tax rates By Reuters

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By Tetsushi Kajimoto TOKYO (Reuters) - Finance leaders from the Group of Seven rich countries have narrowed their difference of opinions over global taxation but they are unlikely to debate specific figures on minimum tax rates at their weekend meeting, Finance Minister Taro Aso said. Aso said he is planning on a bilateral meeting with U.S. Treasury Secretary Janet Yellen on the sidelines of the June 4-5 G7 meeting in Britain, although the details weren't finalised. The G7 will vow this week to support their economies as they emerge from the pandemic and reach an "ambitious"...

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01 June
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Dollar in doldrums as traders ponder Fed policy path; sterling soars By Reuters

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By Kevin Buckland TOKYO (Reuters) - The dollar languished near multi-month lows versus major peers on Tuesday as traders pondered the prospects for early policy normalization by the Federal Reserve ahead of a key jobs report at the end of the week. The British pound rallied to a three-month peak at $1.425 while Canada's loonie hovered near a six-year top, amid market expectations for policy tightening in those countries. Australia's dollar rose for a second day to as high as $0.77605 ahead of a central bank announcement at 0430 GMT on Tuesday, although economists predict no...

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01 June
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Monde Nissin debuts 0.14% lower after $1 billion Philippine IPO By Reuters

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By Neil Jerome Morales and Anshuman Daga MANILA (Reuters) -Monde Nissin Corp saw it shares weaken 0.14% at the opening bell on its stock market debut on Tuesday, after the Philippine food maker raised 48.6 billion pesos ($1 billion) in the country's largest-ever initial public offering (IPO). The IPO, Southeast Asia's second-largest this year after the $1.8 billion IPO of Thailand's PTT Oil and Retail Business PCL in February, heads a pipeline of Philippine share sales. "The new funding will enable us to supercharge our growth," Chief Executive Henry Soesanto said at the listing ceremony....

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