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04 May
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Pandora eyes U.S., China for fresh sparkle after strong start to 2021 By Reuters

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By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) - Jewellery maker Pandora on Tuesday announced a push for growth in the United States and China, and potential expansion into new areas such as watches and bags, after posting forecast-beating first-quarter operating profit. Strong online sales and the impact of stimulus packages in the United States helped lift operating profit more than four-fold to 903 million crowns ($146.2 million) between January and March, versus 833 million crowns forecast in a company-compiled poll. Pandora's new strategy aims to strengthen its brand in key markets, particularly the world's two biggest economies,...

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04 May
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UK and India to start full trade deal talks in the autumn – UK By Reuters

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LONDON (Reuters) - Britain and India will start negotiations for a full free trade deal in the autumn, British trade minister Liz Truss said on Tuesday. Truss told Sky News that Britain wanted to see India's tariffs on imported cars and whiskey lowered or removed as part of such a deal. On Monday, Britain and India announced 1 billion pounds ($1.39 billion) of private-sector investment and committed to seek a free trade deal before talks between Prime Minister Boris Johnson and Indian leader Narendra Modi on Tuesday.($1 = 0.7206 pounds) ...

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04 May
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Provident yet to decide on doorstep lending arm after reports of shutdown plans By Reuters

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(Reuters) - Provident Financial (LON:PFG) said on Tuesday a review into its door-to-door lending business was nearing completion, adding it was yet to reach any decision following media reports the British company was planning to close the unit. The company, which has been trying for years to turn around the division after a mishandled restructuring, said it will announce the outcome of the review along with its 2020 results on May 10. The Mail on Sunday newspaper had reported Provident was planning to close the unit after 141 years and instead focus on its...

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04 May
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Oxford Nanopore valued at $3.4 billion ahead of IPO By Reuters

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LONDON (Reuters) -Oxford Nanopore has been valued at around 2.48 billion pounds ($3.44 billion) after raising 195 million pounds in new investment ahead of its planned initial public offering later this year, its backer IP Group (LON:IPO) said on Tuesday. Singapore's Temasek, Wellington Management, M&G Investments and Nikon put 125 million pounds into the life sciences company, according to IP Group, with M&G saying it had invested 35 million pounds. Existing investors including IP Group contributed 70 million pounds. Oxford Nanopore is expected to list on the London stock market in the second half...

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04 May
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Hong Kong leader flags ‘fake news’ laws as worries over media freedom grow By Reuters

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By Sharon Tam HONG KONG (Reuters) - Hong Kong leader Carrie Lam said on Tuesday the government was working on "fake news" legislation to tackle "misinformation, hatred and lies," as worries grow over media freedoms in the global financial hub. Under Beijing's directions, Hong Kong has taken a swift authoritarian turn following the imposition of a sweeping national security law in 2020, with a fresh drive for "patriotism" spilling into most aspects of life in the city. A major overhaul of public broadcaster RTHK, led by a newly appointed bureaucrat with no media experience, is widely...

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04 May
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Asia’s share markets edge up on recovery signals By Reuters

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By Scott Murdoch HONG KONG (Reuters) - Asia's share markets were mostly higher Tuesday as regional equity investors looked to signs of recovery from the coronavirus pandemic as major economies around the world reopen. MSCI's broadest index of Asia-Pacific shares outside Japan was up by 0.05% on the back of a positive lead from Wall Street overnight. Hong Kong's Hang Seng Index opened 0.3% higher at 28,441.95. Australia's S&P/ASX200 edged up 0.22% to 7,044.3 as the Reserve Bank of Australia is expected to keep the official cash rate on hold at 0.1% for May as...

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04 May
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Bill and Melinda Gates file for divorce, shaking philanthropic world By Reuters

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By Eric M. Johnson and Alexandra Ulmer SEATTLE (Reuters) - Billionaire benefactors Bill and Melinda Gates, co-founders of one of the world's largest private charitable foundations, filed for divorce on Monday after 27 years of marriage, saying they had reached an agreement on how to divide their assets. In a joint petition for dissolution of marriage filed in King County Superior Court in Seattle, the couple stated: "The marriage is irretrievably broken." But the foundation said Bill Gates, 65, who co-founded Microsoft Corp (NASDAQ:MSFT), and Melinda Gates would continue to work...

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04 May
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Hong Kong’s Strong Growth Masks Uneven Recovery, Vaccine Risks By Bloomberg

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(Bloomberg) -- Hong Kong’s economy posted its fastest growth in more than a decade in the first quarter, though the recovery is an uneven one led mainly by exports and held back by weak consumer spending and a slow vaccine rollout. After declining for a record six quarters, gross domestic product surged 7.8% from a year earlier, advance data showed Monday, beating all estimates in a Bloomberg survey of economists. The figures were partly distorted by the low base a year ago when the economy was in lockdown, but the quarter-on-quarter expansion, a better reflection of...

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04 May
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UK’s Arrival, Uber to develop electric ride-hailing ‘Arrival Car’ By Reuters

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By Nick Carey LONDON (Reuters) - British electric van and bus maker Arrival will develop an electric car for Uber Technologies (NYSE:UBER) Inc that will go into production in late 2023, the two companies said on Tuesday. Arrival and Uber will also explore a strategic relationship in key markets, including the United Kingdom, European Union and United States.  The "Arrival Car" will be an "affordable, purpose-built electric vehicle for ride-hailing," and will go into production in the fourth quarter of 2023, the companies said. Uber plans to be a fully electric mobility platform in...

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