29 April

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Blocking Google class action would deny justice, UK court told By Reuters

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By Kirstin Ridley LONDON (Reuters) - Blocking a proposed British class action against Google (NASDAQ:GOOGL), that alleges it secretly tracked millions of iPhone users a decade ago, risks allowing big firms to behave with impunity, a lawyer told the Supreme Court on Thursday. Hugh Tomlinson, a lawyer for former consumer rights champion and class representative Richard Lloyd, told senior judges that although the case was "novel and innovative", it was an appropriate way to ensure access to justice and compensation. "If we are wrong about this, there is no civil remedy," Tomlinson told the final day...

29 April

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Vodafone joins forces with Qualcomm on Open-RAN development By Reuters

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LONDON (Reuters) - Mobile operator Vodafone (LON:VOD) and chipmaker Qualcomm (NASDAQ:QCOM) said they would join forces to develop a technical blueprint for telecoms equipment suppliers to use Open RAN (radio access network) technology. "The move aims to lower the entry barrier for many companies and drive diversification of network equipment vendors," the companies said on Thursday. Mobile operators and governments want to encourage the development of Open RAN technology to help more vendors enter a market dominated by Huawei, Ericsson (BS:ERICAs) and Nokia (HE:NOKIA). ...

29 April

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Bank of England starts push to simplify bank rules By Reuters

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LONDON (Reuters) - Simpler rules for smaller banks won't mean a compromise on safety, the Bank of England said on Thursday as it launched a post-Brexit rethink of regulation. "What we aim at is a simpler regime which delivers the same level of resilience for small firms in a more efficient way," Victoria Saporta, the BoE's executive director for prudential policy, said in a speech. ...

29 April

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eBay Sinks as Pandemic Party Fizzles By Investing.com

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By Christiana Sciaudone Investing.com -- The pandemic party is coming to an end for eBay (NASDAQ:EBAY). The ecommerce company provided second quarter profit guidance that disappointed investors and missed expectations. EBay said earnings per share is expected at between 91 cents and 96 cents, compared to the consensus estimate of $1. Sales forecast of at least $2.98 billion topped consensus of $2.93 billion. EBay has, of course, benefited from the pandemic, driving both revenue and profit higher over the past year. That led shares to hit a record earlier this month. But with vaccinations abounding and...

29 April

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Nothing to see here, UK PM Johnson says of apartment refurbishment probe By Reuters

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LONDON (Reuters) -British Prime Minister Boris Johnson said on Wednesday there was nothing to see or to worry about in an electoral watchdog investigation into the funding of the refurbishment his Downing Street apartment. The Electoral Commission began an investigation on Wednesday into the refurbishment of Johnson's Downing Street apartment, saying there were grounds to suspect an offence may have been committed. During a trip to a London school, Johnson said he would comply with whatever the Electoral Commission demands following its investigation. "I don't think there's anything to see here or to worry about,"...

29 April

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Bank of England likely to slow bond purchases as economy rebounds By Reuters

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By David Milliken LONDON (Reuters) - The Bank of England is likely to ease its foot off the stimulus pedal and reduce its pace of bond purchases next week as Britain's economy appears to be bouncing back sharply from its COVID pandemic slump. Retailers and restaurants are reopening, retail sales exceeded pre-pandemic volumes in March and purchasing managers' indexes in April hit their highest since 2013 as a rapid vaccination programme helped reduce a devastating flood of COVID-19 cases at the start of the year to a trickle. Just over three months ago, financial markets saw...

29 April

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German inflation pushes above ECB target in April By Reuters

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BERLIN (Reuters) - Germany's annual consumer price inflation accelerated in April, advancing further above the European Central Bank's target of close to but below 2%, the Federal Statistics Office said on Thursday. Consumer prices, harmonised to make them comparable with inflation data from other European Union countries, rose by 2.1% in April, up from 2.0% in March. A Reuters forecast had pointed to an April reading of 2.0%. On the month, inflation rose 0.5%, the data showed. In Germany, Europe's largest economy, the government raised its growth forecast to 3.5% from a previous estimate of 3%...

29 April

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Altria Earnings beat, Revenue misses In Q1 By Investing.com

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Altria (NYSE:MO) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations. Altria announced earnings per share of $1.07 on revenue of $4.88B. Analysts polled by Investing.com anticipated EPS of $1.04 on revenue of $4.97B. Altria shares are up 15% from the beginning of the year and are trading at $47.18 , down-from-52-week-high.They are outperforming the Nasdaq which is up 9.02% from the start of the year. Altria follows other major Consumer/Non-Cyclical sector earnings this month Altria's report follows an earnings beat by Procter&Gamble on...

29 April

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Bristol-Myers Squibb Earnings, Revenue miss in Q1 By Investing.com

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Bristol-Myers Squibb (NYSE:BMY) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations. Bristol-Myers Squibb announced earnings per share of $1.74 on revenue of $11.07B. Analysts polled by Investing.com anticipated EPS of $1.81 on revenue of $11.12B. Bristol-Myers Squibb shares are up 15% from the beginning of the year and are trading at $66.03 , down-from-52-week-high.They are outperforming the Nasdaq which is up 9.02% from the start of the year. Bristol-Myers Squibb follows other major Healthcare sector earnings this month Bristol-Myers Squibb's report follows an...

29 April

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Mastercard Earnings, Revenue beat in Q1 By Investing.com

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Mastercard (NYSE:MA) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. Mastercard announced earnings per share of $1.74 on revenue of $4.16B. Analysts polled by Investing.com anticipated EPS of $1.58 on revenue of $4B. Mastercard shares are up 10% from the beginning of the year and are trading at $401.85 , down-from-52-week-high.They are under-performing the S&P 500 which is up 11.37% from the start of the year. Mastercard shares gained 1.57% in pre-market trade the report. Mastercard follows other major Financial sector earnings this month Mastercard's report...

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Blocking Google class action would deny justice, UK court told By Reuters

Vodafone joins forces with Qualcomm on Open-RAN development By Reuters

Bank of England starts push to simplify bank rules By Reuters

eBay Sinks as Pandemic Party Fizzles By Investing.com

Nothing to see here, UK PM Johnson says of apartment refurbishment probe By Reuters

Bank of England likely to slow bond purchases as economy rebounds By Reuters

German inflation pushes above ECB target in April By Reuters

Altria Earnings beat, Revenue misses In Q1 By Investing.com

Bristol-Myers Squibb Earnings, Revenue miss in Q1 By Investing.com

Mastercard Earnings, Revenue beat in Q1 By Investing.com

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