05 May

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FTSE 100 falls into the red as global stocks slip, Ethereum hits record high By Investing.com

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Key Points FTSE 100 closing price of 6,924.19, -0.65% Oil prices gain on demand hopes Ethereum reaches record high GBP/USD retreats ahead of BoE, Scottish election UK manufacturing PMI hits 27 year high By Samuel Indyk Investing.com – The FTSE 100 began the day on the front foot, climbing above 7,000 amid a rally in commodities and a rise in travel & leisure stocks before a global stock sell off led the index lower in the second half of the session. WTI and Brent crude futures both rallied on hopes of a grand global...

05 May

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Judge presses Epic CEO during second day of Apple antitrust trial By Reuters

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By Stephen Nellis OAKLAND, Calif. (Reuters) - A U.S. judge on Tuesday pressed the chief executive of "Fortnite" creator Epic Games on how the fundamental changes the game maker is asking her to force on Apple Inc (NASDAQ:AAPL)'s App Store would affect the livelihoods of millions of developers who make software for Apple devices. Judge Yvonne Gonzalez Rogers is presiding over a three-week trial that kicked off Monday in the United States District Court for the Northern District of California. Epic has alleged that Apple has abused the power it holds over the software developers...

05 May

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Britain’s Tesco concedes to activist shareholders on health targets By Reuters

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LONDON (Reuters) - Supermarket group Tesco (LON:TSCO) has agreed to increase healthy food options at operations in Europe as well as Britain to appease investors who had filed a landmark shareholder resolution to force the issue. The coalition of Tesco activist investors calling for Britain's biggest supermarket group to set targets to sell a greater proportion of healthy food withdrew their shareholder meeting resolution on Wednesday after the company's pledge. Investment group ShareAction co-ordinated the February filing of the resolution by institutional investors including Robeco, J O Hambro and the Guy's and St....

05 May

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Nestle launches pea-based milk alternative under ‘Wunda’ brand By Reuters

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ZURICH (Reuters) - Nestle has launched a new brand, "Wunda," to market a milk alternative made from yellow peas, the packaged food giant said on Wednesday, as it sought to further boost its presence in the fast-growing market for plant-based foods. Milk and meat alternatives made from plants are popular with health- and environment-conscious consumers and are also gaining investor attention, as demonstrated by oat milk company Oatly's recent plans for an initial public offering. Nestle's new product will be launched in three versions - original, unsweetened and chocolate - in France, the Netherlands...

04 May

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Britons reassess retirement as pandemic upends priorities By Reuters

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By Muvija M (Reuters) - The COVID-19 pandemic, which has killed more than 127,000 Britons, is making people rethink their retirement and long-term savings plans, an added boon for money managers who are already benefiting from a record-setting recovery in financial markets. The death of a loved one, the need to squirrel away funds for emergencies and pandemic-influenced changes in life goals are motivating more people to have conversations about financial planning, British money managers said. "We have seen three characteristics emerge from this crisis – the early retirees, the retirement delayers and the newly motivated...

04 May

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Chegg’s Mixed Results Leave Investors Flat By Investing.com

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By Christiana Sciaudone Investing.com -- Chegg (NYSE:CHGG) shares were little changed after revenue for the previous quarter was better than expected, but sales guidance came in below estimates. The learning platform has boomed as college students were sent home from school amid the deadly pandemic that has killed millions around the world. But things may be shifting for Chegg, as college campuses reopen and demand slips. Sales for the first quarter rose 51%, to $198.4 million, from the year earlier, and beat the estimate of $185 million. But Chegg estimated sales for the current quarter at...

04 May

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Mediaset sets sights on European expansion after Vivendi truce By Reuters

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By Elvira Pollina MILAN (Reuters) -Italy's top commercial broadcaster Mediaset, controlled by the family of former Prime Minister Silvio Berlusconi, will press on with European expansion plans after agreeing a split with its second largest investor Vivendi (PA:VIV). Led by French billionaire Vincent Bollore, Vivendi had managed to block Mediaset's pan-European strategy after the two companies in 2016 fell out over a collapsed pay-TV deal and locked horns in a protracted legal battle. The accord signed on Monday paves the way for Vivendi to reduce its 28.8% stake over five years. It will also...

04 May

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After first quarter frenzy, NFT market shows signs of stabilising By Reuters

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By Elizabeth Howcroft LONDON (Reuters) - After a frenzied first quarter for non-fungible tokens (NFTs), the market for blockchain-based digital assets ranging from art and videos to songs and tweets slowed in April, platform and product data shows. An NFT artwork fetched $69.3 million at Christie's in March, in the first ever sale by a major auction house of a piece of art that does not exist in physical form. While anyone can view an NFT, whose ownership status is recorded on blockchain, the buyer has the status of being the official owner, a kind...

04 May

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Pfizer, Under Armour and CVS Health Rise Premarket By Investing.com

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By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Tuesday, May 4th. Please refresh for updates. Pfizer (NYSE:PFE) stock rose 0.9% after the drugmaker raised its annual sales forecast for the Covid-19 vaccine it co-developed with Germany's BioNTech, as a vaccination drive across the globe intensifies. CVS Health (NYSE:CVS) stock rose 2.1% after the pharmacy chain operator reported a stronger than expected first-quarter profit and raised its 2021 earnings forecast, posting higher drug store sales due to Covid-19 vaccinations and testing. ...

04 May

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Analysis-Stricken airlines seek lifeline from transatlantic opening By Reuters

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By Laurence Frost and Sarah Young PARIS/LONDON (Reuters) -Diplomatic moves to ease transatlantic air travel could unleash fierce competition to entice passengers back into near-empty cabins at a time when tottering airlines can ill afford a price war in the world's richest aviation market. Talks between Brussels and Washington on resuming mass travel for vaccinated tourists have raised hopes of a summer rebound - further buoyed by new EU reopening proposals. Airlines are desperate for good news after a year of COVID-19 lockdowns that pushed many to the brink of collapse, or into the arms of...

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FTSE 100 falls into the red as global stocks slip, Ethereum hits record high By Investing.com

Judge presses Epic CEO during second day of Apple antitrust trial By Reuters

Britain’s Tesco concedes to activist shareholders on health targets By Reuters

Nestle launches pea-based milk alternative under ‘Wunda’ brand By Reuters

Britons reassess retirement as pandemic upends priorities By Reuters

Chegg’s Mixed Results Leave Investors Flat By Investing.com

Mediaset sets sights on European expansion after Vivendi truce By Reuters

After first quarter frenzy, NFT market shows signs of stabilising By Reuters

Pfizer, Under Armour and CVS Health Rise Premarket By Investing.com

Analysis-Stricken airlines seek lifeline from transatlantic opening By Reuters

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