(Reuters) - J D Wetherspoon reported a half-yearly loss on Friday, compared with a year-earlier profit, as hundreds of its pubs across the UK were shuttered through the key holiday season due to the coronavirus-led restrictions. Its chairman Tim Martin, a critic of the government's handling of the COVID-19 pandemic, warned that...
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(Bloomberg) -- The Bank of Japan clarified the size of its movement range for bond yields and scrapped a buying target for stock funds at the end of a policy review meant to give it more flexibility as its fight to stoke inflation extends further into the future. While leaving its main policy rates unchanged, the bank said the band around its 10-year...
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By Kate Duguid NEW YORK (Reuters) - The recent pace of the rise in yields in the U.S. Treasury market has been unsettling, according to several major bond fund managers who worry the market could be viewed as disorderly if the pace of rises continues. Managers also cited some issues with liquidity as...
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(Reuters) - Morecambe midfielder Yann Songo'o has been suspended for six games after admitting an FA charge of making a homophobic comment during a League Two (fourth-tier) match against Tranmere Rovers in January. Songo'o was sent off after using foul and abusive language towards a Tranmere player in the 45th minute of their 1-0 home defeat on Jan. 30. The FA...
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By Yasin Ebrahim Investing.com -- The Nasdaq slumped Thursday, as a sea of red washed over tech stocks after a spike in U.S. bond yields that has stoked investor worry about paying for higher-valued stocks with a longer road to growth. The Nasdaq Composite fell 3.0%, the Dow Jones Industrial Average fell 0.46%, or 153 points, after hitting a intraday record of...
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By Wayne Cole SYDNEY (Reuters) - Asian share markets slipped on Friday after a spike in global bond yields soured sentiment toward richly priced tech stocks, while a stampede out of crowded positions may have put an end to the bull run in crude oil. Having plunged 7% overnight, Brent crude futures managed...
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By Daniel Leussink and Mayu Yoshida TOKYO (Reuters) - Shopping malls and restaurants in Japan will miss out on a business boom, as Tokyo expects to hold the Olympics without overseas spectators, dealing another blow to industries already on the ropes from the coronavirus. In the years leading up to the Games, developers...
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By Yasin Ebrahim FedEx (NYSE:FDX) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue, as the pandemic-fueled jump in ecommerce deliveries and price hikes bolstered performance. FedEx shares gained 2.9% in after-hours trade following the report. FedEx announced earnings per share of $3.47 on revenue of $21.5 billion. Analysts polled by Investing.com anticipated EPS of $3.35 on revenue of...
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By Yilei Sun and Tony Munroe BEIJING (Reuters) - China's Geely plans to roll out electric vehicles under a new marque with different branding and sales strategies, people familiar with the matter said, as the Volvo owner looks to take on its main EV rival Tesla with higher-end vehicles. The brand, positioned in the premium segment and named "Zeekr", will be housed...
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SYDNEY (Reuters) - Administrators of Greensill Capital Pty, the parent company of the collapsed British supply chain financier Greensill Group, said on Friday that 34 creditors had submitted over A$1.75 billion ($1.35 billion) in creditor claims to the company. Grant Thornton, who were appointed administrators of the company earlier this month, said in an emailed statement a creditors committee had been appointed...
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