10 March

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Frankie & Benny’s owner to raise $242.7 million after posting wider loss By Reuters

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(Reuters) - Restaurant Group said on Wednesday it was planning to raise 175 million pounds ($242.7 million) through a share sale after the Frankie & Benny's owner posted a bigger loss due to a hit to its business from Britain's latest round of lockdowns. The company posted an adjusted pre-tax loss of 87.5 million pounds for the year ended Dec. 27, compared...

10 March

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Lockdown brings double digit growth to Lego as families build together By Reuters

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By Nikolaj Skydsgaard COPENHAGEN (Reuters) - Lego returned to double digit growth last year, as families locked down by the coronavirus stayed home to build models together, the Danish toymaker's CEO said. Chief Executive Niels B. Christiansen said years of investment had paid off just in time for the pandemic, with an improved...

10 March

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European Stocks Largely Higher; French Data Helps Ahead of ECB By Investing.com

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By Peter Nurse Investing.com - European stock markets edged largely higher Wednesday, helped by strong French economic data while investors digest a number of corporate releases. At 4 AM ET (0900 GMT), the DAX in Germany traded 0.3% higher, the CAC 40 in France rose 0.5%, while the U.K.'s FTSE index dropped 0.1%, with mining stocks suffering from further weakness in base metals...

10 March

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London calling? Foxtons says lower rents attracting more tenants By Reuters

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(Reuters) - UK-based real estate agency Foxtons (LON:FOXT) Group Plc said on Wednesday more tenants are filling buildings in London, attracted by a 12% drop in rental prices during the COVID-19 pandemic. Foxtons, which assists people in both renting out properties and selling them, bolstered its presence in London over the...

10 March

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ITV shares fall after presenter Morgan leaves broadcaster By Reuters

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LONDON (Reuters) - Shares in British broadcaster ITV plc (LON:ITV) fell on Wednesday with traders attributing at least part of the move to the resignation of television presenter Piers Morgan from his high-profile breakfast slot after his comments about Meghan Markle's interview with Oprah Winfrey. ITV confirmed the departure in a statement on Tuesday. Shares in the broadcaster were...

10 March

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Legal & General CEO wary of uneven economic recovery By Reuters

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By Carolyn Cohn LONDON (Reuters) - The world is likely to emerge from the coronavirus crisis in an uneven K-shaped recovery that could leave some parts of the economy behind, Legal & General's CEO said on Wednesday as the British insurer reported a dip in full-year profit. A K-shaped scenario is one in which some sectors, such as manufacturing, bounce back sharply...

10 March

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Inditex says net profit fell 70% in 2020 from 2019 By Reuters

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MADRID (Reuters) - Zara owner Inditex (MC:ITX) reported on Wednesday its net profit fell 70% in 2020 to 1.1 billion euros ($1.31 billion) after a year of global lockdowns and dampened demand caused by the coronavirus pandemic. Fourth quarter net profit fell 53% to 435 million euros out of sales of 6.3 billion euros as restrictions on shopping came...

10 March

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Adidas expects strong rebound, takes Reebok hit By Reuters

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BERLIN (Reuters) - German sportswear maker Adidas AG (DE:ADSGN) predicted a strong rebound in sales in 2021, particularly in China, the rest of Asia and Latin America, although its operating profit will be trimmed by costs associated with divesting the Reebok brand. Fourth-quarter sales rose a currency-neutral 1% to 5.548 billion euros, while operating profit slipped slightly to 225 million euros,...

10 March

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Jeff Bezos names Andrew Steer as head of Bezos Earth Fund By Reuters

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(Reuters) - Amazon.com Inc (NASDAQ:AMZN)'s Jeff Bezos on Tuesday named Andrew Steer, who leads environmental think tank World Resources Institute, as the president and chief executive officer of his $10 billion Earth Fund. The billionaire started the Bezos Earth Fund last year and committed $10 billion to fund scientists, activists, nonprofit organizations and other groups fighting to protect the environment and counter...

10 March

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Nasdaq Racks Up Gains as Falling Rates Open Door for Growth Trade By Investing.com

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By Yasin Ebrahim Investing.com – The Nasdaq rebounded Tuesday, as strength in U.S. bond rates faded, paving the way for traders to renew their bullish bets on growth stocks following a steep selloff. The Nasdaq Composite jumped 4%. The {169|Dow Jones Industrial Average}} rose 0.86%, or 273 points, and had hit a intraday record of 32,150.32, and the S&P 500 rose 2.05%, Mega-cap...

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Frankie & Benny’s owner to raise $242.7 million after posting wider loss By Reuters

Lockdown brings double digit growth to Lego as families build together By Reuters

European Stocks Largely Higher; French Data Helps Ahead of ECB By Investing.com

London calling? Foxtons says lower rents attracting more tenants By Reuters

ITV shares fall after presenter Morgan leaves broadcaster By Reuters

Legal & General CEO wary of uneven economic recovery By Reuters

Inditex says net profit fell 70% in 2020 from 2019 By Reuters

Adidas expects strong rebound, takes Reebok hit By Reuters

Jeff Bezos names Andrew Steer as head of Bezos Earth Fund By Reuters

Nasdaq Racks Up Gains as Falling Rates Open Door for Growth Trade By Investing.com

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