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UK supermarket Asda confirms CEO Burnley to leave next year By Reuters

LONDON (Reuters) - British supermarket group Asda said on Thursday that chief executive Roger Burnley will leave the business next year, confirming a Sky News report. Last October U.S. giant Walmart (NYSE:WMT) sold a majority holding in Asda to the billionaire Issa brothers and private equity group TDR Capital in a deal giving it an enterprise value of 6.8 billion pounds ($9.5...

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Nike profit up, but revenue falls short of expectations as congested U.S. ports delayed shipments By Reuters

(Reuters) - Nike Inc (NYSE:NKE)'s third-quarter profit gained but revenue fell short of Wall Street estimates on Thursday, as it grappled with supply chain problems in North America and a slump in sales at brick-and-mortar stores that were shut due to the COVID-19 pandemic. The world's largest sportswear maker said revenue rose to $10.36 billion from $10.1 billion, while analysts...

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FedEx Earnings, Revenue beat in Q3 By Investing.com

FedEx (NYSE:FDX) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations. FedEx announced earnings per share of $3.47 on revenue of $21.5B. Analysts polled by Investing.com anticipated EPS of $3.35 on revenue of $19.93B. FedEx shares are up 1% from the beginning of the year and are trading at $259.01 , down-from-52-week-high.They are...

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U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 0.34% By Investing.com

Investing.com – U.K. equities were higher at the close on Thursday, as gains in the Industrial Metals & Mining, Banking and Life Insurance/Assurance sectors propelled shares higher. At the close in London, the Investing.com United Kingdom 100 gained 0.34%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Informa PLC (LON:INF), which rose 4.10% or...

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Dow Turns Negative as Energy Slumps; Rate Scare Puts Tech in Crosshairs By Investing.com

By Yasin Ebrahim Investing.com – The Dow turned negative after hitting record intraday highs Thursday, paced by a slump in energy and tech, with the latter roiled by a swing higher in bond yields that has placed growth stocks in the crosshairs once again. The Dow Jones Industrial Average fell 0.15%, or 50 points, after hitting a  record of 33,227.78. The S&P 500...

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Canada shares lower at close of trade; S&P/TSX Composite down 0.65% By Investing.com

Investing.com – Canada equities were lower at the close on Thursday, as losses in the Energy, Healthcare and Clean Technology sectors propelled shares lower. At the close in Toronto, the S&P/TSX Composite lost 0.65%. The biggest gainers of the session on the S&P/TSX Composite were TFI International Inc (TSX:TFII), which rose 3.09% or 2.84 points to trade at 94.78 at the...

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EU, UK drug regulators rally behind AstraZeneca vaccine after safety concerns By Reuters

By Anthony Deutsch, Toby Sterling and Alistair Smout AMSTERDAM/LONDON (Reuters) - Drug watchdogs in the EU and Britain moved to shore up confidence in AstraZeneca (NASDAQ:AZN)'s COVID-19 vaccine on Thursday after reports of blood clots prompted more than a dozen nations to suspend inoculations. The safety scare is the latest challenge for AstraZeneca and its ambition to produce a "vaccine for the...

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