03 August

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UK public inflation expectations jump in July – Citi/YouGov By Reuters

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LONDON (Reuters) - The British public's expectations for inflation over the coming year rose sharply in July to 3.1% from 2.8% in June, although they remain below a recent peak of 3.8% recorded in December, a monthly poll from Citi and YouGov showed on Tuesday. Longer-term inflation expectations for the next five to 10 years held steady at 3.4%. "The move here likely reflects the noticeable pick-up in goods prices in recent months, and anticipated energy price increases later in the year. For now, these short-term effects don't seem to be feeding into longer-term expectations,"...

03 August

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Rotork CEO to step down in 2022 and return to the United States By Reuters

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(Reuters) - British industrial group Rotork (LON:ROR) Plc said on Tuesday Chief Executive Officer Kevin Hostetler would step down from his position next year and return to the United States with his young family after more than three years in the role. Rotork, which makes valve-automation equipment used in the oil and gas, power and nuclear industries, said Hostetler's handover period would conclude by June next year, while the company has commenced a search for his replacement. Separately, Rotork said it reinstated dividend payments on the back of improved results during the first half...

03 August

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BP boosts dividend, buybacks as profit soars By Reuters

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By Ron Bousso LONDON (Reuters) -BP boosted its dividend and share buybacks after beating expectations with a $2.8 billion second-quarter profit powered by higher oil prices and recovering demand. The results bolster CEO Bernard Looney's plan to shift away from oil and gas to renewable and low-carbon energy in an effort to battle climate change. BP (LON:BP) shares were up 2.2% in early trading. Rivals including Royal Dutch Shell (LON:RDSa), TotalEnergies and Chevron (NYSE:CVX) also boosted shareholder returns last week reflected a recovery from the pandemic which saw energy demand plummet. ...

03 August

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Tech stocks weigh on European shares, BP jumps on dividend boost By Reuters

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(Reuters) - Declines in technology stocks and worries over the global spread of the Delta variant of the coronavirus kept European stocks under pressure on Tuesday, despite encouraging earnings update from companies, including oil major BP (LON:BP) and carmaker Stellantis. By 0710 GMT, the region-wide STOXX 600 index slipped 0.1% after hitting a record high in the previous session. Asian stocks were also mostly lower as the Delta variant spread in key markets. Chinese officials took aim at video game producers once again, knocking shares of Dutch firm Prosus, which has a...

03 August

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A Trucking Crisis Has the U.S. Looking for More Drivers Abroad By Bloomberg

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(Bloomberg) -- A shortage of truckers across the U.S. has become so severe that companies are trying to bring in drivers from abroad like seemingly never before. For the first time in her 10-year trucking career, Holly McCormick (NYSE:MKC) has found herself coordinating with an agency in South Africa to source foreign drivers. A recruiter for Groendyke Transport Inc., McCormick has doubled her budget since the pandemic and is still having trouble finding candidates. The U.S. has been grappling with a chronic lack of drivers for years, but the shortage reached crisis levels because of the...

03 August

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Analysis-Debt-hobbled Sri Lanka risks running out of options By Reuters

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By Tom Arnold and Marc Jones LONDON (Reuters) - Sri Lanka paid a $1 billion bond last week, but the alarming state of its finances suggests it may have been just another step towards its first sovereign default. All the tell-tale crisis signs are there: bonds at nearly half their face value, debt-to-GDP levels above 100%, over 80% of government revenues being spent on interest payments alone and barely enough reserves to cover a few months of spending. Chances of the island nation soldiering on alone look slim, especially with COVID-19 keeping the tourism industry on...

03 August

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StanChart H1 pretax profit leaps 57%, announces $250 million buyback By Reuters

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HONG KONG (Reuters) - Standard Chartered (LON:STAN) PLC posted a 57% jump in its first-half pretax profit, higher than expected, as the bank benefited from an economic recovery from the coronavirus pandemic. The bank also announced a $250 million share buyback and resumed interim dividend payments worth $94 million, or 3 cents per share. Statutory pretax profit for StanChart, which focuses on Asia, Africa and the Middle East, rose to $2.55 billion in January-June from $1.63 billion in the same period last year, the London-headquartered bank said in a stock exchange...

03 August

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McDonald’s makes masks mandatory for all customers, staff By Reuters

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(Reuters) - McDonald's Corp (NYSE:MCD) on Monday confirmed that all its customers and staff will need to start wearing masks again inside its U.S. restaurants in areas with high or substantial transmission, regardless of whether they are vaccinated or not. The resurgence of COVID-19 cases in the United States due to the Delta variant and the new guidance from the U.S. Centers for Disease Control and Prevention (CDC) that requires fully vaccinated individuals to wear masks have led companies to change their plans on vaccinations and masking. Last week, major companies including Alphabet (NASDAQ:GOOGL) Inc's...

03 August

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Instagram says resolved issue affecting some users By Reuters

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(Reuters) - Facebook Inc (NASDAQ:FB)'s Instagram said on Monday it had resolved an issue that caused glitches for some users with its platform. "And we're back! If you were having a hard time earlier, your account should be working normally now," Instagram said in a tweet https://twitter.com/InstagramComms/status/1422326494655770638 late on Monday. Instagram was down for nearly 6,000 users, according to outage tracking website Downdetector.com. The Facebook-owned platform said in a tweet earlier on Monday, "We know that some people are currently having issues, and we're fixing it ASAP." Downdetector tracks outages by collating...

03 August

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Exclusive-Citi, HSBC, Prudential hatch plan for Asian coal-fired closures -sources By Reuters

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By Clara Denina and Melanie Burton LONDON/MELBOURNE (Reuters) -Financial firms including British insurer Prudential (LON:PRU), lenders Citi and HSBC and BlackRock (NYSE:BLK) Real Assets are devising plans to speed the closure of Asia's coal-fired power plants in order to lower the biggest source of carbon emissions, five people with knowledge of the initiative said. The novel proposal, which includes the Asian Development Bank (ADB), offers a potentially workable model and early talks with Asian governments and multilateral banks are promising, the sources told Reuters. The group plans to create public-private partnerships to buy...

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News

UK public inflation expectations jump in July – Citi/YouGov By Reuters

Rotork CEO to step down in 2022 and return to the United States By Reuters

BP boosts dividend, buybacks as profit soars By Reuters

Tech stocks weigh on European shares, BP jumps on dividend boost By Reuters

A Trucking Crisis Has the U.S. Looking for More Drivers Abroad By Bloomberg

Analysis-Debt-hobbled Sri Lanka risks running out of options By Reuters

StanChart H1 pretax profit leaps 57%, announces $250 million buyback By Reuters

McDonald’s makes masks mandatory for all customers, staff By Reuters

Instagram says resolved issue affecting some users By Reuters

Exclusive-Citi, HSBC, Prudential hatch plan for Asian coal-fired closures -sources By Reuters

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