30 July

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NatWest ramps up investor payouts as profits bounce back By Reuters

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By Iain Withers and Lawrence White LONDON (Reuters) -NatWest accelerated returning cash to shareholders on Friday after a return to profit, rounding out a week of vastly improved earnings for British banks as the pandemic-battered economy reopens. The state-backed bank said it would pay an interim dividend of 3 pence per share and carry out a share buyback of 750 million pounds, returning over 1.1 billion pounds ($1.53 billion) in total to shareholders. The improved earnings follow similarly upbeat results from rivals Lloyds (LON:LLOY) and Barclays (LON:BARC) this week and show a turnaround in...

30 July

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Pearson plans to rollout new app globally after U.S. launch By Reuters

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LONDON (Reuters) - Education group Pearson said it planned to rollout its new Pearson+ app to markets around the world after it launched in the United States on Friday, the heart of its new strategy to build direct ties with learners. Chief Executive Andy Bird told reporters the group was also in talks with several large multinational companies about becoming a partner to provide learning skills. "Once we are launched, we do have extensive plans to roll out the model more broadly, internationally, including into the United Kingdom," he said. ...

30 July

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IAG says summer capacity could go higher than 45%, sees Q4 up to 75% By Reuters

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LONDON (Reuters) - The chief executive of British Airways-owner IAG (LON:ICAG) said that capacity in the summer quarter could beat its 45% guidance, and that the group was ready to fly up to 75% of its pre-pandemic capacity in the October-December quarter. "We are ready to fly up to 75% of the capacity that we had in 2019 in Q4 so we have been working to have flexibility in case we can fly," CEO Luis Gallego told reporters on Friday. Asked about the 45% capacity guidance for the current quarter, he said: "That's what we...

30 July

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Anglo American pays out record $4.1 billion to shareholders for first half By Reuters

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By Clara Denina and Zandi Shabalala LONDON (Reuters) -Miner Anglo American (LON:AAL) on Thursday boosted shareholder payouts to a record $4.1 billion for the first six months of the year, sending its stock up more than 5% after bumper commodity prices lifted first-half profits to their highest ever. London-listed shares in Anglo, which have surged almost 80% over the last year, were up 5.2% at 1225 GMT, close to 13-year highs hit in May. Soaring prices for most of Anglo's products, including copper, iron ore and platinum group metals, helped to boost profits at...

30 July

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Dollar near one-month low, set for worst weekly showing since May By Reuters

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By Swati Pandey SYDNEY (Reuters) - The dollar languished near a one-month low on Friday and was poised for its worst weekly performance since May as dovish remarks by the U.S. Federal Reserve together with underwhelming economic data took the steam out of a month-long rally. The dollar index, which measures the greenbackagainst a basket of six other currencies, was last at 91.91 after going as low as 91.855 on Thursday, a level not seen since June 29. For the week, the index is off 1%, its worst weekly showing since early May. For the...

30 July

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Asian shares down, set for worst month since March 2020 By Reuters

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By Andrew Galbraith SHANGHAI (Reuters) - Asian shares slipped on Friday, with a gauge of regional equities set for its biggest monthly drop since the height of global pandemic lockdowns last March, while the dollar lagged near one-month lows on expectations of continued Fed stimulus. But the stock market losses were moderate compared with sharp falls earlier in the week that had been sparked by investor fears over the impact of regulatory actions in China against the education, property and tech sectors. Reassurances from Chinese regulators and official media have helped to soothe investors' nerves, as...

30 July

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Less social media, more socializing hits Pinterest as U.S. user growth slows By Reuters

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By Tiyashi Datta (Reuters) -Pinterest Inc on Thursday said user growth in the United States was decelerating as people who used the platform for crafts and DIY projects during the height of the pandemic are stepping out more as curbs ease. Shares of the digital pinboard site slumped nearly 20% in extended trade, with investors looking past Pinterest (NYSE:PINS) beating revenue estimates in the second quarter, as overall monthly active users (MAUs) fell short of expectations. Social media companies worldwide saw digital ad spending and user growth surge as lockdowns accelerated the shift to e-commerce, but...

30 July

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Robinhood closes at $34.82 in grim stock market debut By Reuters

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By Echo Wang and Noor Zainab Hussain (Reuters) - Robinhood Markets Inc (NASDAQ:HOOD)'s shares closed more than 8% lower at $34.82 per share on their first day of trading, as many investors who used the popular trading app to participate in this year's "meme" stock trading frenzy snubbed its initial public offering (IPO) Only 16 of the 99 U.S.-listed companies that were worth at least $10 billion when they went public declined on their first day, according to Dealogic, whose data goes back to 1995. “A year ago we were trading the...

30 July

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Amazon sales growth slows in tame start to Jassy’s tenure as CEO By Reuters

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By Jeffrey Dastin and Nivedita Balu (Reuters) - Amazon.com Inc (NASDAQ:AMZN) on Thursday said sales growth would slow in the next few quarters as customers venture more outside the home, a tepid start to CEO Andy Jassy's reign after 27 years with Jeff Bezos at the retailer's helm. Spending growth by Prime members, Amazon.com's most valuable customers, has eased as well, the company said. Shares fell 7% in after-hours trade. More than a year into the COVID-19 pandemic, Amazon's financial luster is fading slightly. When brick-and-mortar stores closed, Amazon posted record profits, drew more than 200...

30 July

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Exclusive-BOJ policymaker sees prospects of deeper debate on price goal this year By Reuters

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By Leika Kihara and Takahiko Wada TOKYO (Reuters) - The Bank of Japan may see conditions fall in place to begin debating a new strategy for hitting its price target around the end of this year, as the economy shakes off the blues from the COVID-19 pandemic, its board member Asahi Noguchi told Reuters. Even so, the central bank can hold off on expanding stimulus unless a shock event derails Japan's economic recovery, Noguchi, known as a vocal advocate of aggressive monetary easing, said in his first interview since joining the board in April. "Once vaccinations...

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NatWest ramps up investor payouts as profits bounce back By Reuters

Pearson plans to rollout new app globally after U.S. launch By Reuters

IAG says summer capacity could go higher than 45%, sees Q4 up to 75% By Reuters

Anglo American pays out record $4.1 billion to shareholders for first half By Reuters

Dollar near one-month low, set for worst weekly showing since May By Reuters

Asian shares down, set for worst month since March 2020 By Reuters

Less social media, more socializing hits Pinterest as U.S. user growth slows By Reuters

Robinhood closes at $34.82 in grim stock market debut By Reuters

Amazon sales growth slows in tame start to Jassy’s tenure as CEO By Reuters

Exclusive-BOJ policymaker sees prospects of deeper debate on price goal this year By Reuters

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