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Pets At Home lifts full-year profit forecast By Reuters

(Reuters) - Pets at Home said on Friday it was expecting its annual underlying pretax profit to be ahead of its previous expectations and reported higher third-quarter sales as its stores remained open during COVID-19 restrictions. The pet supplies firm said it now expects full-year underlying pretax profit to be at least 77 million pounds ($104.50 million), including the previously announced...

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UK minister says: there are concerns about vaccine protection against S.African variant By Reuters

LONDON (Reuters) - British Transport Secretary Grant Shapps said on Friday there were concerns about how effective the COVID-19 vaccines might be against the highly transmissible variant of the coronavirus discovered in South Africa. "There are concerns that the South African one in particular - about how effective the vaccine would be against it - so we simply cannot take chances," Shapps...

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Credit Suisse expects higher costs from U.S. case to push it to fourth-quarter loss By Reuters

ZURICH (Reuters) - Credit Suisse (SIX:CSGN) on Friday said it expects to book a net loss for its fourth quarter after increasing its provisions for a long-running dispute in the United States by $850 million. The bank had already set aside $300 million in connection with the case which relates to a decade-long dispute regarding a U.S. residential mortgage-backed security...

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China’s Pig Futures Sink on First Day After Long-Awaited Listing By Bloomberg

(Bloomberg) -- China’s live hog futures tumbled on their first trading day after a hotly anticipated debut as the industry looks for a safeguard against wild swings triggered by one of the world’s worst animal disease outbreaks. The contract on the Dalian Commodity Exchange slid as much as 9% on Friday. The product, some 20 years in the planning, aims to provide a...

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Walgreens Boots Earnings, Revenue beat in Q1 By Investing.com

Walgreens Boots (NASDAQ:WBA) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. Walgreens Boots announced earnings per share of $1.22 on revenue of $36.30B. Analysts polled by Investing.com anticipated EPS of $1.03 on revenue of $34.93B. Walgreens Boots shares are up 7.9% from the beginning of the year and are trading at $43.03...

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Can companies drive social change? PwC’s Roy Weathers on racial equity By Reuters

By Chris Taylor NEW YORK (Reuters) - Corporate America is not known for advancing deep societal change. Roy Weathers is trying to fix that. The U.S. vice chair of accounting and advisory giant PwC is spending most of his time these days heading up CEO Action for Racial Equity, a group of more than 100 prominent firms and chief executives trying to...

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Malaysia’s Top Glove defends board after BlackRock criticism By Reuters

KUALA LUMPUR (Reuters) - Malaysia's Top Glove Corp defended its board on Friday after BlackRock Inc (NYSE:BLK) issued a scathing statement, attacking the firm's handling of a coronavirus outbreak and saying it had voted against the re-election of six directors this week. The six independent directors were re-elected at the company's annual general meeting on Wednesday, gaining between 86.5% and 72.3% of...

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Japan Finance Minister expects state of emergency to affect economy in first quarter By Reuters

TOKYO (Reuters) - Japan's state of emergency over the COVID-19 pandemic will affect the economy in the January-March quarter, but it is too early to predict what will happen beyond that, Finance Minister Taro Aso said on Friday. Japan declared a limited state of emergency in the capital Tokyo and three neighbouring prefectures on Thursday to stem the spread of the...

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The Everything Rally Defies Washington Mayhem After Deadly Clash By Bloomberg

(Bloomberg) -- An insurrection in the home of American democracy just became the latest shock that’s failed to derail the global bull market. The armed attack on the seat of government -- unprecedented in modern history -- is leaving nary a dent in most assets, underscoring both conviction in reflation trades after the Georgia runoff and the privileged position of the U.S. in...

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