01 December

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Cloud costs weigh on Zoom’s growth as sales outlook beats estimates

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By Stephen Nellis and Uday Sampath Kumar (Reuters) - Zoom Video Communications Inc forecast fourth-quarter revenue above expectations on Monday but its gross margins fell and some growth metrics slowed, sending shares down nearly 8% despite booming sales powered by working and learning from home. Zoom's user figures have spiked as a pandemic-induced switch to work from home encouraged more users of...

01 December

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Philip Green’s Arcadia UK fashion group falls into administration

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By James Davey LONDON (Reuters) - British tycoon Philip Green's Arcadia fashion group has collapsed into administration, putting over 13,000 jobs at risk and becoming the country's biggest corporate casualty of the COVID-19 pandemic so far. Deloitte said late on Monday it had been appointed Arcadia's administrator and would seek buyers for the...

30 November

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BoE’s Tenreyro sees little immediate economic boost from COVID-19 vaccine

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By David Milliken and William Schomberg LONDON (Reuters) - Bank of England policymaker Silvana Tenreyro said on Monday that progress in the development of COVID-19 vaccines was only likely to translate into a significant economic boost once they had been widely rolled out in Britain. Tenreyro struck a more cautious line than the BoE's Chief Economist, Andy Haldane, who said last week...

30 November

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Britain rejects calls for inquiry into 1989 Northern Irish murder

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LONDON (Reuters) - The British government on Monday rejected calls to hold a public inquiry into the 1989 murder in Northern Ireland of human rights lawyer Pat Finucane, whose death remains a lightning rod for anger over state collusion with pro-British paramilitaries. Finucane, who represented leading Irish nationalists, was shot dead at his home in front of his wife and three children...

30 November

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Cybersecurity, pharma coordination are big post-pandemic structural themes -LGIM

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By Sujata Rao LONDON (Reuters) - Cybersecurity could be one of the key post-pandemic investment themes in an equity-friendly world of low interest rates and vaccine-led recovery, LGIM CIO Sonja Laud said on Monday. Laud, who oversees 1.2 trillion pounds at Legal & General Investment Management, Britain's biggest asset manager, said the rollout of vaccines and economic recovery would support equities...

30 November

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Facebook nears deal to buy chatbot startup Kustomer – WSJ

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(Reuters) - Facebook Inc (NASDAQ:FB) is close to buying Kustomer in a deal that would value the customer-service and chatbot startup at about $1 billion (750.53 million pounds), the Wall Street Journal reported on Monday, citing people familiar with the matter. (https://on.wsj.com/3odBJ91) ...

30 November

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U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.57%

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Investing.com – U.K. equities were lower at the close on Monday, as losses in the Automobiles & Parts, Oil & Gas Producers and Banking sectors propelled shares lower. At the close in London, the Investing.com United Kingdom 100 fell 0.57%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Experian PLC (LON:EXPN), which rose 3.60% or 93.0...

30 November

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JetBlue Falls as Air Travel Stays Off Our Vacation Lists

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By Christiana Sciaudone Investing.com -- JetBlue Airways Corp (NASDAQ:JBLU) tumbled more than 5% after saying it will likely fly at 45% to 50% capacity in the fourth quarter compared to last year. It's also burning through more cash than expected. The airline had previously expected a decrease of about 45%. Quarterly revenue is set to decrease approximately 70% year-over-year, as compared to the...

30 November

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UK competition watchdog says big companies’ profit margins rising

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LONDON (Reuters) - Profits and price mark-ups are rising at Britain's biggest companies, the competition watchdog said on Monday in a report looking at the state of competition in the economy. "Among the biggest companies in the economy, profits and mark-ups appear to be rising," the Competition and Markets Authority said in a statement. "The biggest firms saw mark-ups increase by 9% over...

30 November

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Dow Futures Down 176 Pts; Moderna Files for Drug Approval

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By Peter Nurse Investing.com - U.S. stocks are seen opening largely lower Monday, with investors cashing in at the end of a record-breaking month. Deteriorating relations with China and worries over the Covid-19 pandemic are also weighing. At 7:05 AM ET (1205 GMT), the Dow Futures contract fell 176 points, or 0.6%, S&P 500 Futures traded 13 points, or 0.4%, lower, and Nasdaq...

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News

Cloud costs weigh on Zoom’s growth as sales outlook beats estimates

Philip Green’s Arcadia UK fashion group falls into administration

BoE’s Tenreyro sees little immediate economic boost from COVID-19 vaccine

Britain rejects calls for inquiry into 1989 Northern Irish murder

Cybersecurity, pharma coordination are big post-pandemic structural themes -LGIM

Facebook nears deal to buy chatbot startup Kustomer – WSJ

U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.57%

JetBlue Falls as Air Travel Stays Off Our Vacation Lists

UK competition watchdog says big companies’ profit margins rising

Dow Futures Down 176 Pts; Moderna Files for Drug Approval

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