LONDON (Reuters) - Shopper numbers across Britain rose 1.1% in the week to May 22 compared with the previous week, helped by the reopening of indoor hospitality on May 17 after months of COVID-19 lockdown, researcher Springboard said on Monday. Footfall was down 28.7% compared with the same week in 2019, it said. ...
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By Samuel Indyk Investing.com – Goldman Sachs (NYSE:GS) has initiated cryptocurrency exchange Coinbase (NASDAQ:COIN) with a ‘buy’ rating and a 12-month price target of $306, implying upside of 36%. Analysts at the US investment bank believes Coinbase brings leverage to an ecosystem that is experiencing strong growth, driven by increasing adoption of digital currencies. Secondly, Goldman Sachs believes that Coinbase provides a leading consumer platform with strong customer trends as well as a robust and rapidly growing institutional business. A third reason for the ‘buy’ rating is that they believe Coinbase has an attractive business model...
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(Reuters) -Construction materials supplier Martin Marietta Materials Inc (NYSE:MLM) said on Monday it will buy HeidelbergCement (DE:HEIG) AG's assets in California and Arizona for $2.3 billion. The all-cash deal seeks to capitalise on state infrastructure investments and private-sector growth in the two U.S. states. The Raleigh, North Carolina-based company said it entered an agreement with HeidelbergCement's U.S. affiliate, Lehigh Hanson Inc, to buy assets including 17 active aggregates quarries and two cement plants. The deal is expected to close in the second half of this year and will be accretive to earnings per share...
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DUBAI (Reuters) - The head of global airline body IATA expects the industry to emerge from the coronavirus crisis smaller and more cautious, doubting airlines will try to expand through acquisitions. The airline industry has been crippled by the pandemic, which continues to leave many aircraft around the world grounded or flying near-empty as demand limps towards a recovery. "It will be a smaller industry. We are not going to recover all the capacity," International Air Transport Association (IATA) Director General Willie Walsh said in a pre-recorded online interview broadcast on Monday. He cited the...
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LONDON (Reuters) - Belarus sovereign dollar-denominated bonds came under pressure on Monday after authorities forced an airliner to land on Sunday, arresting an opposition-minded journalist on board and drawing condemnation from Europe and the United States. The 2030 bond dropped as much as 0.7 cents to trade at 93.375 cents in the dollar, data from Tradeweb showed. EU leaders are set to discuss additional sanctions against Belarus at a summit starting in Brussels later in the day after the events described by some EU leaders as a hijacking. ...
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(Reuters) - European stocks hovered near record highs on Monday as investors counted on continued economic recovery and strength in corporate earnings to keep the market momentum going. The pan-European STOXX 600 index rose 0.02% to 444.50 points by 0707 GMT, just below its record high of 446.19 points. Cineworld Group (LON:CINE) Plc rose 3.1% after animated adventure comedy "Peter Rabbit 2: The Runaway" pulled in more people than expected after a months-long COVID-19 lockdown. Travel stocks came under pressure after Germany's public health institute declared Britain and Northern Ireland a virus variant region,...
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(Reuters) - London's FTSE 100 edged higher on Monday after posting its second straight weekly drop, while Cineworld Group (LON:CINE) gained on reporting a strong weekend opening following a months-long lockdown in the UK. The blue-chip index rose 0.1% with oil majors BP (LON:BP) and Royal Dutch Shell (LON:RDSa) and consumer staples stocks including Diageo (LON:DGE) providing the biggest boosts to the index. The domestically focused mid-cap FTSE 250 index advanced 0.02%. Cineworld rose 2.4% after the world's second-largest cinema chain said its UK cinemas pulled in more people than expected, helped...
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By Vera Eckert and John Revill FRANKFURT (Reuters) - South Korea's Hyundai Motor plans to ship a new series of fuel-cell trucks to Europe later this year, turning up the heat on rivals in a battle to test the viability of hydrogen-powered heavy goods transport. A new class of the Xcient Hyundai truck, equipped with more efficient fuel cells with longer life-span, is due to arrive in Europe in the fourth quarter, said Mark Freymueller, CEO of Hyundai Hydrogen Mobility (HHM). Hydrogen lags electric batteries in the green transport stakes because it is more expensive,...
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By Shariq Khan (Reuters) - The U.S. cannabis business has a very particular cashflow problem -- too much of it. Marijuana can be sold legally in 36 U.S. states and the District of Columbia (D.C.) for medical use and in 15 of them and in D.C. for recreational purposes. But it's still illegal on a federal level, meaning most banks won't service the industry in case they fall afoul of money laundering laws. With the COVID-19 pandemic and increasing legalisation driving a surge in cannabis use, the sector's producers, manufacturers and retailers are awash in...
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(Reuters) - Cineworld said on Monday its UK cinemas attracted more people than expected in its first weekend of reopening, as "Peter Rabbit 2" attracted crowds after months of coronavirus lockdown. The world's second-largest cinema chain also said more than 97% of its U.S. cinemas had resumed operations, while most of its screens in the rest of the world were expected to be open by the end of the month. ...
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