28 May

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UK calls for more G7 progress on climate finance By Reuters

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By David Milliken LONDON (Reuters) - British finance minister Rishi Sunak called for more progress on ensuring financial markets support lower greenhouse gas emissions, after meeting on Friday with other finance ministers and central bankers from the G7 group of rich nations. "It was great speaking to my G7 counterparts today about the actions we need to take to progress our ambitious climate agenda," Sunak said in a statement. Britain will host an in-person meeting of finance ministers in London on June 4-5. "I look forward to next week's meeting as we continue working together to support jobs and...

28 May

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Boeing Slips On Report Delivery Of 787 Dreamliner Faces New Delays By Investing.com

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By Dhirendra Tripathi Investing – Boeing (NYSE:BA) shares fell nearly 2% Friday on a WSJ report that said the jet maker had halted deliveries of its 787 Dreamliner planes as regulators have asked for more information on its proposed solutions to previously identified quality issues. The U.S. plane maker's 737 MAX and 787 have been afflicted by electrical and other issues since late last year, and it only resumed deliveries of the 787s in March after a five-month hiatus. "Boeing still needs to show that its proposed inspection method would meet FAA’s federal safety regulations. The...

28 May

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Gap Tumbles Despite Stellar Q1 and Outlook By Investing.com

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By Christiana Sciaudone Investing.com -- Gap Inc (NYSE:GPS)’s stellar results weren’t enough to stop profit-takers, who’ve seen shares rally more than 500% since the pandemic shuttered stores and eliminated our need for anything but the most basic and comfortable clothing. Shares dropped almost 6%. The retailer, which got price target increases from firms like RBC Capital and Citi, reported a profit per share of 48 cents versus an expected loss per share of 6 cents on sales of $3.99 billion, also better than the estimated $3.41 billion, according to data compiled by Investing.com. Gap also forecast...

28 May

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BioNTech Gains As Covid Shot Gets EU Regulator Nod For Teens By Investing.com

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By Dhirendra Tripathi Investing – BioNTech (NASDAQ:BNTX) shares rose 3% as the company Friday secured approval from the European Medicines Agency for use of its Covid-19 vaccine in 12-15-year children, setting the stage for EU members to begin vaccinating the age group. The vaccine is already approved for use in adults and adolescents aged 16 and above. BioNTech has so far committed to delivering 2.4 billion doses of the vaccine through 2023. The use of the vaccine in children from 12 to 15 years will be the same as it is in people aged 16...

28 May

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AMC Pops Again As Traders Won’t Leave Top Meme Stock By Investing.com

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By Dhirendra Tripathi Investing – AMC Entertainment (NYSE:AMC) shares rose another 28% Friday on top of a 35% gain a day earlier as Reddit traders can’t have enough of it. According to Bank of America (NYSE:BAC) on Thursday, the stock has replaced GameStop (NYSE:GME) as the most popular stock on Reddit’s WallStreetBets forum. The two are part of the meme stocks gang that have developed a cult following. GameStop shares were up over 1%. Shares like AMC and GameStop have attracted heavy short-selling bets because of their struggles during the pandemic. But with small and...

28 May

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PE firm Lone Star’s $1.01 billion offer for UK’s Senior rejected By Reuters

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(Reuters) - Aircraft parts supplier Senior Plc (LON:SNR) rejected a 738 million pounds ($1.05 billion) takeover proposal from private equity firm Lone Star Global, an investment vehicle advised by Lone Star said on Friday. The investment vehicle, LSF XI Investments, said it had made a third proposal of 176 pence per share on May 20. ($1 = 0.7062 pounds) ...

28 May

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We’re Coming Out & Ulta Beauty’s Celebrating By Investing.com

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By Christiana Sciaudone Investing.com -- Ulta Beauty (NASDAQ:ULTA) jumped more than 6% as analysts raised price targets on the stock following blow-out results and better guidance. Ulta reported earnings per share of $4.10 compared to the expected $1.90 on sales of $1.94 billion, which was better than the estimated $1.64 billion, according to data compiled by Investing.com. The company forecast full-year 2021 comparable sales at between 23% to 25%, up from the previous guidance range of 15% to 17%; EPS should come in between $11.50 and $11.95, up from prior estimate of $8.85 to $9.30. Analysts...

28 May

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Reuters interview with ECB board member Schnabel By Reuters

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FRANKFURT (Reuters) - The following is the text of a Reuters interview with Isabel Schnabel, a member of the European Central Bank’s Executive Board. For interview stories, click on: Q: What is your assessment of the economic outlook, particularly in comparison to your last projection made in March? A: We have reasonable confidence that we have reached a turning point. The pace of vaccinations has accelerated, infections are going down and containment measures are gradually being lifted. Sentiment indicators have come in quite strong recently, not only in manufacturing, but also in services. So, we...

28 May

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Meet the spread that set off the ECB’s alarm bell By Reuters

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By Francesco Canepa, Balazs Koranyi and Frank Siebelt FRANKFURT (Reuters) - European Central Bank policymakers have gone out of their way this week to reassure investors that stimulus will be maintained at their June meeting, quashing speculation about a reduction in emergency bond purchases and pushing down bond yields. One market indicator could have prompted the concerted effort by ECB President Christine Lagarde and her colleagues: the spread between German bond yields and so-called "risk-free" rates on the derivatives market. In an exclusive interview with Reuters published on Friday, ECB board member and top market watcher...

28 May

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Analysis-Big oil may get more climate lawsuits after Shell ruling – lawyers, activists By Reuters

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By Shadia Nasralla and Tom Hals LONDON (Reuters) - A Dutch court's decision to force Royal Dutch Shell (LON:RDSa) to make deeper, faster cuts to its climate warming emissions on the basis of human rights could set a precedent, especially in European countries, according to lawyers and activists. The court on Wednesday ordered the Anglo-Dutch company to slash its global greenhouse gas emissions, which stood at around 1.6 billion tonnes of CO2 equivalent in 2019, by 45% by 2030. Shell said it would appeal the decision forcing it to cut by an amount roughly equivalent...

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News

UK calls for more G7 progress on climate finance By Reuters

Boeing Slips On Report Delivery Of 787 Dreamliner Faces New Delays By Investing.com

Gap Tumbles Despite Stellar Q1 and Outlook By Investing.com

BioNTech Gains As Covid Shot Gets EU Regulator Nod For Teens By Investing.com

AMC Pops Again As Traders Won’t Leave Top Meme Stock By Investing.com

PE firm Lone Star’s $1.01 billion offer for UK’s Senior rejected By Reuters

We’re Coming Out & Ulta Beauty’s Celebrating By Investing.com

Reuters interview with ECB board member Schnabel By Reuters

Meet the spread that set off the ECB’s alarm bell By Reuters

Analysis-Big oil may get more climate lawsuits after Shell ruling – lawyers, activists By Reuters

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