30 June

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Morrisons suitor should up offer to around $9 billion, top investor says By Reuters

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LONDON (Reuters) - The U.S. private equity firm trying to buy Morrisons should increase its offer to around 6.5 billion pounds ($9 billion) to merit engagement from the British supermarket's board, according to a top ten shareholder in the retailer. Morrisons - Britain's fourth largest grocer after Tesco (LON:TSCO), Sainsbury's and Asda - this month rejected a proposed 5.52 billion pound cash offer from Clayton, Dubilier & Rice (CD&R), equivalent to 230 pence a share. "In our view there is validity to a bid...

30 June

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Under Armour, Moderna Rise Premarket; Virgin Galactic Falls By Investing.com

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By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Wednesday, June 30th. Please refresh for updates. Under Armour (NYSE:UA) stock rose 1.5% as numbers from the jobs analytics database run by GlobalData showed that the retailer is hiring in large numbers, a clear indication that it expects demand to continue rising. . Intel (NASDAQ:INTC) stock fell 0.4% after a company executive at the semiconductor company said it is delaying production of one of its newest chips to work on improving its performance. Moderna ...

30 June

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Future Volvo electric cars will be safer, come with insurance-CEO By Reuters

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(Reuters) - Future electric vehicles from Geely's Volvo Cars will come bundled with insurance, CEO Hakan Samuelsson said during a global technical briefing on Wednesday. The company's goal is to build the safest cars possible, using all available technology, including lidar, radar and cameras, Samuelsson said. If the cars are safer and better able to avoid collisions, the insurance costs should be lower. ...

30 June

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UK and Singapore agree post-Brexit deal for financial services By Reuters

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LONDON (Reuters) - Britain said on Wednesday it had agreed a partnership for financial services with Singapore as part of its push for post-Brexit trade and investment deals. "Our financial partnership will help increase investment and trade with Singapore and the Asia-Pacific region and boost collaboration on important areas such as fintech and green finance," British finance minister Rishi Sunak said. The agreement includes a memorandum of understanding which seeks to reduce burdens for firms operating in British and Singapore markets by recognising that their financial services regulatory regimes achieve the same outcomes. An MoU...

30 June

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Sterling picks up as investors expect “sausage row” deadline extension By Reuters

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By Elizabeth Howcroft LONDON (Reuters) - The British pound edged higher on Wednesday as investors were optimistic that Britain and the European Union would agree to extend an exemption on customs checks on chilled meat shipments to Northern Ireland that have strained their relations. Prime Minister Boris Johnson said on Tuesday that Britain expects to reach an agreement on extending the exemption soon. "I think everybody is assuming that that extension is going to be granted," said Jeremy Stretch, head of G10 FX strategy at CIBC Capital Markets. Currency analysts say that the post-Brexit dispute between...

30 June

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Under Armour Gains As Data Shows Retailer on Hiring Spree By Investing.com

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By Dhirendra Tripathi Investing.com -- Under Armour (NYSE:UA) was up 1.8% in Wednesday’s premarket trading as data showed that the retailer is hiring in large numbers, a clear indication that it expects demand to continue further. According to the jobs analytics database by GlobalData, Under Armour had posted over 2,300 jobs in Q2 – a 151% increase when compared to Q1. This included a spurt of hiring activity in April 2021 – the first time in over a year that the company listed over 1,400 jobs. “. . .the business is more confident in recruiting for...

30 June

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Google risks Russia fine over personal data law -regulator By Reuters

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MOSCOW (Reuters) - Google risks being fined for not complying with personal data legislation in Russia, communications regulator Roskomnadzor said on Wednesday. The Alphabet (NASDAQ:GOOGL) Inc subsidiary, which did not immediately respond to a request for comment, could be fined up to 6 million roubles ($82,060) for failing to comply. ...

30 June

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U.S. Futures Lower; ADP Payrolls Data Due By Investing.com

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By Peter Nurse Investing.com -- U.S. stocks are seen opening marginally lower Wednesday, consolidating from record levels with investors warily awaiting private sector hiring data. At 7:05 AM ET (1105 GMT), the Dow futures contract was down 55 points, or 0.2%, S&P 500 futures traded 4 points, or 0.1%, lower, and Nasdaq 100 futures dropped 10 points, or 0.1%. Wednesday is the last day of the second quarter and final day of the first half of 2021. The broad-based S&P 500 is up 14% so far this year, while the Nasdaq Composite and the Dow Jones...

30 June

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HK tycoon Jimmy Lai’s Next Digital to stop operating from July 1 -memo By Reuters

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By Sharon Abratique HONG KONG (Reuters) - Hong Kong media group Next Digital, owned by jailed tycoon Jimmy Lai, will cease operating from July 1 after the company's assets were frozen as part of a national security investigation, according to an internal memo seen by Reuters. Next Digital did not immediately respond to a request for comment. The company is the publisher of Apple (NASDAQ:AAPL) Daily, a popular pro-democracy newspaper that closed last week after its newsroom had been raided by 500 police officers investigating whether some articles breached the security law. Beijing imposed...

30 June

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Israeli gov’t and settlers reach deal over West Bank outpost, Palestinians angered By Reuters

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By Maayan Lubell JERUSALEM (Reuters) - Jewish settlers have agreed to quit a remote outpost that has become a flashpoint for clashes with Palestinians who also claim the land, officials said, under a deal aimed at addressing an awkward political test for the new Israeli government. Under the agreement with Prime Minister Naftali Bennett, the settlers will leave Givat Eviatar outpost in the Israeli-occupied West Bank. But it seemed likely that at least some of the outpost's new buildings would remain, locked and under military guard, an outcome that is certain to anger Palestinian protesters...

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Morrisons suitor should up offer to around $9 billion, top investor says By Reuters

Under Armour, Moderna Rise Premarket; Virgin Galactic Falls By Investing.com

Future Volvo electric cars will be safer, come with insurance-CEO By Reuters

UK and Singapore agree post-Brexit deal for financial services By Reuters

Sterling picks up as investors expect “sausage row” deadline extension By Reuters

Under Armour Gains As Data Shows Retailer on Hiring Spree By Investing.com

Google risks Russia fine over personal data law -regulator By Reuters

U.S. Futures Lower; ADP Payrolls Data Due By Investing.com

HK tycoon Jimmy Lai’s Next Digital to stop operating from July 1 -memo By Reuters

Israeli gov’t and settlers reach deal over West Bank outpost, Palestinians angered By Reuters

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