25 March

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UK fund manager LGIM says it is unlikely to participate in Deliveroo IPO By Reuters

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By Abhinav Ramnarayan LONDON (Reuters) - British money manager Legal & General Investment Management said on Thursday it is unlikely to participate in food delivery firm Deliveroo's upcoming initial public offering (IPO) due to the enhanced voting rights held by founder Will Shu. Deliveroo is in the final stages of what could be Britain's biggest stock market debut in nearly a...

25 March

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UK offers tax relief to more companies with 1.5 billion-pound plan By Reuters

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LONDON (Reuters) - Britain pledged a further 1.5 billion pounds ($2.06 billion) in tax relief for companies hit by the coronavirus crisis but which until now had not qualified for exemption from paying business rates, a charge based on the value of commercial property. The move comes on top of the 16 billion pounds in business rates relief already paid to or...

25 March

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Cisco Rises After Goldman Says Buy on Return to Office Opportunity By Investing.com

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By Dhirendra Tripathi Investing.com – Cisco (NASDAQ:CSCO) shares rose 2% Thursday after Goldman Sachs upgraded them to buy, citing the increased networking opportunities as people return to offices. Goldman set a 12-month price target of $59, a 16% upside from the current price. The brokerage credited "opportunity for fundamental upside" that the return to offices provides. It previously rated the stock a neutral....

25 March

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Restoration Hardware Sees Good Times Rolling On By Investing.com

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By Christiana SciaudoneInvesting.com -- Restoration Hardware continues to be a major pandemic winner. Shares are up 3.3% after the company forecast revenue growing up to 20% this year. That includes expectations of at least 50% sales growth for the first quarter, the company said in a statement. The company reported earnings that beat estimates, including a profit of $5.07, versus the expected $4.72. ...

25 March

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Exclusive: Credit Suisse considers Greensill investor payout – sources By Reuters

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By Oliver Hirt and John O'Donnell ZURICH (Reuters) - Credit Suisse (SIX:CSGN) is considering compensating investors hit by the collapse of funds linked to insolvent finance firm Greensill, four people familiar with the matter said, as the bank attempts a damage-limitation exercise. Switzerland's second-largest bank this month closed around $10 billion...

25 March

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Jerome Powell Says Better Outlook Reflects Vaccine Progress, Fiscal Aid By Bloomberg

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(Bloomberg) -- Federal Reserve Chair Jerome Powell said a more upbeat economic forecast from the central bank reflected widening vaccinations against Covid-19 and the historic fiscal support from Washington. “We’ve seen something like 85 million Americans have now had at least one shot. Daily shots are running at 2.5 million. And that’s going to enable us to reopen the economy sooner than might...

25 March

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CEO of Dutch Firm, At Suez To Rescue Stuck Ship, Says It Could Take Weeks By Investing.com

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By Dhirendra Tripathi Investing.com – In the words of Peter Berdowski, CEO of Dutch company Boskalis, the container ship blocking the Suez Canal is like a "beached whale" that could take weeks to be rescued. "We can't exclude it might take weeks, depending on the situation," Reuters quoted Berdowski as telling a Dutch television channel. Boskalis is a salvage company involved in the...

25 March

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UK COVID loans and financing schemes reach nearly 180 billion pounds – ministry By Reuters

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LONDON (Reuters) - Britain's finance ministry said a total of 179.1 billion pounds ($245.8 billion) of support had been provided via emergency state-backed lending programmes, helping roughly a quarter of companies in the country cope with the COVID-19 crisis. The availability of funds from the Covid Corporate Financing Facility, run by the Bank of England, peaked at 104 billion pounds and the...

25 March

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Turkish Stock Selloff Has HSBC Seeing the Positive Side to Slump By Bloomberg

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(Bloomberg) -- Turkish stocks may be March’s worst performers globally after their rapid descent this week, but HSBC Securities is keeping its positive view because of increasingly attractive valuations. The stocks are “inexpensive enough to make one look for things that could go right, rather than things that could go wrong,” analysts including John Lomax and Cihan Saraoglu wrote in a report dated...

25 March

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AstraZeneca vaccine’s global rollout faces more complications By Reuters

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(Reuters) - The rollout of AstraZeneca (NASDAQ:AZN)'s COVID-19 vaccine, the shot much of the world is relying on to beat the pandemic, faced further complications on Thursday as India halted exports of the vaccine and Europe discussed its own export controls. India has put a temporary hold on all major exports of the Anglo-Swedish firm's vaccine from the Serum Institute of India...

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News

UK fund manager LGIM says it is unlikely to participate in Deliveroo IPO By Reuters

UK offers tax relief to more companies with 1.5 billion-pound plan By Reuters

Cisco Rises After Goldman Says Buy on Return to Office Opportunity By Investing.com

Restoration Hardware Sees Good Times Rolling On By Investing.com

Exclusive: Credit Suisse considers Greensill investor payout – sources By Reuters

Jerome Powell Says Better Outlook Reflects Vaccine Progress, Fiscal Aid By Bloomberg

CEO of Dutch Firm, At Suez To Rescue Stuck Ship, Says It Could Take Weeks By Investing.com

UK COVID loans and financing schemes reach nearly 180 billion pounds – ministry By Reuters

Turkish Stock Selloff Has HSBC Seeing the Positive Side to Slump By Bloomberg

AstraZeneca vaccine’s global rollout faces more complications By Reuters

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