26 May

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EasyJet CEO does not expect Indian variant to ruin summer travel By Reuters

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LONDON (Reuters) - The boss of easyJet (LON:EZJ) said that he did not expect the coming European summer travel season to be ruined by the spread of a coronavirus variant first found in India. "I don't think that the outlook of this and the likeliness and the probability is that because of the Indian variant the summer is ruined," easyJet Chief Executive Johan Lundgren told an online industry event on Wednesday. The latest indications are that vaccines are effective against the Indian variant, Lundgren said, as he warned of the impact on airlines if...

26 May

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Too early for ECB to reduce emergency bond buys: Panetta By Reuters

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FRANKFURT (Reuters) - The European Central Bank should not reduce the pace of asset purchases after its June 10 meeting as the economic recovery is still in an early phase and inflation remains too low, ECB board member Fabio Panetta told Nikkei. "The conditions that we see today do not justify reducing the pace of purchases, and a discussion about phasing out the PEPP is still clearly premature," Panetta said in an interview. The 1.85 trillion euro ($2.27 trillion) Pandemic Emergency Purchase Programme (PEPP) should first neutralise the effects of the pandemic on inflation...

26 May

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St. James’s Place inflows jump on improving client confidence By Reuters

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(Reuters) - Wealth manager St. James's Place said gross inflows for the five months to May would be around 23% higher year on year, with its clients more confident now than in early 2020 when fears over the pandemic's economic impact hampered sentiment. "The combination of improving client confidence and the high level of accumulated savings, has driven strong engagement between our advisers and their clients," the UK-listed company said on Wednesday. ...

26 May

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Vectura agrees 958 million stg takeover by The Carlyle Group By Reuters

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LONDON (Reuters) - Vectura Group, a British pharmaceutical company focused on inhaled medicines, said on Wednesday it had agreed a 958 million pound ($1.36 billion) takeover by global investment firm The Carlyle Group (NASDAQ:CG). ($1 = 0.7067 pounds) ...

26 May

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British Land posts annual loss on pandemic hit By Reuters

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(Reuters) - UK commercial property firm British Land Co Plc (LON:BLND) posted a third consecutive annual loss on Wednesday, as the pandemic-related restrictions squeezed valuation of its office and retail portfolios. The Broadgate Estate owner said loss after tax for 12 months ended March 31 came in at 1.08 billion pounds ($1.53 billion), compared with a loss of 1.11 billion pounds a year earlier. ($1 = 0.7065 pounds) ...

26 May

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Germany’s RWE team up with Equinor, Hydro for Norwegian offshore wind bid By Reuters

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OSLO (Reuters) - German energy firm RWE has joined forces with Norwegian peer Equinor and metals maker Norsk Hydro to take part in Norway's first offshore wind tender, the companies said on Wednesday. On Tuesday, another group of companies, including Germany's EnBW, said it intended to compete for acreage in the same part of the southern Norwegian North Sea. [L5N2NC1F9] ...

26 May

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BOJ should restrain ETF buying when markets calm, says board member Suzuki By Reuters

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By Leika Kihara TOKYO (Reuters) -The Bank of Japan should restrain its purchases of exchange-traded funds (ETF) when markets are calm to prevent its holdings from increasing as much as possible, board member Hitoshi Suzuki said on Wednesday. In a review of its policy tools in March, the BOJ ditched a numerical target on the pace of its purchases of ETFs and real-estate trust funds (REIT) as part of efforts to make its massive stimulus programme more sustainable. "It's important to be mindful of the BOJ's financial health in buying ETFs and REITs," Suzuki said in...

26 May

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European stocks stuck at peak as recovery uplift fades – Reuters poll By Reuters

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By Danilo Masoni and Julien Ponthus MILAN/LONDON (Reuters) - European stocks look set to hold around or inch just above current record levels as the initial boost stemming from the region's V-shaped recovery after the COVID-19 downturn loses momentum, a Reuters poll found. The Reuters poll of 16 fund managers, strategists and brokers surveyed over the past two weeks predicted the STOXX 600 would reach 451 points by year end, just 1.3% above Monday's close. Supported by massive stimulus and vaccination campaigns, the pan-European index has already risen 11.5% this year, as investors rushed to...

26 May

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Asian shares up, dollar wallows as Fed soothes inflation fears By Reuters

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By Andrew Galbraith SHANGHAI (Reuters) - Asian shares rose on Wednesday while the U.S. dollar stood near its lowest levels this year after U.S. Federal Reserve officials reaffirmed a dovish monetary policy stance, providing yet more assurance to investors worried about the inflation outlook. Richard Clarida, the Fed's vice chair, said on Tuesday that the U.S central bank would be able to curb an outbreak of inflation and engineer a "soft landing" without throwing the country's economic recovery off track. All the same, Clarida's comments reflect a shifting tone at the Fed. A month ago, Fed...

26 May

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China’s Xiaomi says U.S. has formally lifted securities ban By Reuters

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HONG KONG (Reuters) - China's Xiaomi Corp said on Wednesday a U.S. court has removed the company's designation as a Communist Chinese Military Company (CCMC) and lifted all restrictions on U.S. persons buying or holding its stock. "The U.S. District Court for the District of Columbia issued a final order vacating the U.S. Department of Defense's designation of the company as a CCMC," the smartphone maker said in a filing to the Hong Kong bourse. It said the order was made on Tuesday. "The company reiterates that it is an open, transparent, publicly traded, independently...

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News

EasyJet CEO does not expect Indian variant to ruin summer travel By Reuters

Too early for ECB to reduce emergency bond buys: Panetta By Reuters

St. James’s Place inflows jump on improving client confidence By Reuters

Vectura agrees 958 million stg takeover by The Carlyle Group By Reuters

British Land posts annual loss on pandemic hit By Reuters

Germany’s RWE team up with Equinor, Hydro for Norwegian offshore wind bid By Reuters

BOJ should restrain ETF buying when markets calm, says board member Suzuki By Reuters

European stocks stuck at peak as recovery uplift fades – Reuters poll By Reuters

Asian shares up, dollar wallows as Fed soothes inflation fears By Reuters

China’s Xiaomi says U.S. has formally lifted securities ban By Reuters

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