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11 February
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StockBeat: Eurozone Banks – Between Uncertainty and Awfulness By Investing.com

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By Geoffrey Smith  Investing.com -- Europe’s banks are using this earnings season as another illustration of why you can probably find better places to invest your money. The long-hoped for bounce-back looks like it is going to have to wait a few more months, as a slow vaccination process delays the re-opening of the Eurozone economy and, consequently, the all-clear from fearful regulators on...

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11 February
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Exclusive: How GameStop missed out on capitalizing on the Reddit rally By Reuters

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By Jessica DiNapoli, Svea Herbst-Bayliss and Joshua Franklin (Reuters) - GameStop Corp (NYSE:GME) decided it could not seize on the Reddit-fueled rally in its shares to sell hundreds of millions of dollars worth of stock because of regulatory restrictions, according to three people familiar the U.S. video game retailer's internal deliberations. The Grapevine, Texas-based company found itself at the epicenter...

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11 February
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Shell turns to forests and the earth to soak up its emissions By Reuters

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LONDON (Reuters) - Royal Dutch Shell (LON:RDSa) set out plans on Thursday to boost the use of nature-based carbon offsets and carbon capture and storage (CCS) technology, two climate solutions in their infancy but seen crucial to controlling global warming. Both technologies can mitigate the greenhouse gas emissions Shell and its customers cannot eliminate on the path to the group's 2050 net...

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11 February
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With oil past peak, Shell vows to eliminate carbon by 2050 By Reuters

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By Ron Bousso and Shadia Nasralla LONDON (Reuters) - Energy giant Royal Dutch Shell (LON:RDSa) vowed to eliminate net carbon emissions by 2050, accelerating previous targets, as oil production was set to slowly decline from its 2019 peak. The Anglo-Dutch company is in the midst of its largest overhaul yet as it prepares to expand its renewables and low-carbon business in the...

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11 February
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Royal Mail delivers rosy outlook after COVID-19 Christmas By Reuters

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By Yadarisa Shabong (Reuters) - Britain's Royal Mail (LON:RMG) on Thursday forecast annual profits ahead of market expectations as COVID-19 restrictions pushed parcel delivery demand to record levels and Christmas mail eased a slide in letter volumes, sending shares higher. "The third quarter saw unprecedented parcel volumes in Royal Mail, driven by online shopping and the peak Christmas period, with...

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11 February
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Global equity funds secure biggest inflows in two years in week ended Feb 10 By Reuters

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(Reuters) - Global equity funds led inflows in the week to Feb. 10, bolstered by upbeat corporate earnings and the prospects of a U.S. stimulus package. Investors purchased $43.1 billion in equity funds in the past week to Wednesday, the most since at least mid-March 2019, Refinitiv Lipper data showed. The higher inflows into equity funds come as the MSCI world...

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11 February
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UK doing everything to ensure people can have summer vacations: minister By Reuters

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LONDON (Reuters) - The British government is doing "everything we can" to ensure the public can get a summer vacation this year but could not provide certainty on whether or not people should book breaks now, health minister Matt Hancock said on Thursday. Ministers have faced criticism, including from members of Prime Minister Boris Johnson's own party, about giving out mixed messages...

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11 February
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AstraZeneca sees growth picking up, even without COVID-19 vaccine By Reuters

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By Pushkala Aripaka (Reuters) - AstraZeneca (NASDAQ:AZN) expects profit growth to pick up this year after the COVID-19 vaccine developer beat forecasts for quarterly drug sales, with demand for its cancer and other therapies cushioning the disruption caused by the pandemic. Last year was a crucial one for the Anglo-Swedish company. It teamed up with the University of Oxford to develop a...

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11 February
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FTSE 100 gains on upbeat AstraZeneca results By Reuters

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(Reuters) - London's FTSE 100 gained on Thursday boosted by drugmaker AstraZeneca (NASDAQ:AZN)'s upbeat quarterly results and as information group Relx planned to raise its dividend. COVID-19 vaccine maker AstraZeneca rose 1.1% and was the top boost to the FTSE 100 after it beat analyst's estimates for fourth-quarter product sales and also forecast revenue growth in 2021. The blue-chip FTSE 100 index...

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11 February
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U.S. private equity firm walks away from buyout bid for pub operator Marston’s By Reuters

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(Reuters) - U.S. private equity firm Platinum Equity Advisors said on Thursday it will not submit a revised takeover offer for British pub operator Marston's after its initial 666 million pound ($921.81 million) proposal was rejected for being too low. In response, Marston's, the brewer of Pedigree, Hobgoblin and Lancaster Bomber beer, said it believes the company was well-placed to benefit from...

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