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British investor group backs mandatory climate vote at AGMs By Reuters

LONDON (Reuters) - An investor group whose members include BlackRock (NYSE:BLK), Schroders (LON:SDR) and UBS and which collectively manages more than 20 trillion pounds ($27 trillion) in assets, on Tuesday backed calls for an annual vote on how companies plan to tackle climate change. The Investor Forum, an influential body which engages with British companies over environmental, social and governance...

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German economy expected to grow by 3.5% this year – BDI By Reuters

BERLIN (Reuters) - Germany's BDI industry association said on Tuesday it expected Europe's largest economy to grow 3.5% this year after plunging roughly 5% in 2020 but that it wouldn't be able to return to its pre-pandemic level until next year at the earliest. The BDI forecast is less optimistic than the government's estimates, published in October, in which Berlin predicted gross domestic...

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BoE’s Bailey sees UK economy in “very difficult” period By Reuters

By David Milliken and Andy Bruce LONDON (Reuters) - Bank of England Governor Andrew Bailey said Britain faced a very difficult few months ahead due to a resurgence in COVID-19 cases, but played down suggestions that cutting interest rates below zero would be a straightforward way to boost growth. His comments followed finance minister Rishi Sunak's warning on Monday that the economy...

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London stocks slip as virus risks outweigh upbeat earnings forecasts By Reuters

By Shashank Nayar (Reuters) - British shares slipped on Tuesday as worries about increasing cases of COVID-19 and its impact on the economy overshadowed upbeat earnings forecasts, while retailer Kingfisher (LON:KGF) jumped to the top of the FTSE 100 after reporting strong sales. The blue-chip FTSE 100 index dipped 0.1%, with pharmaceutical stocks falling the most. Drugmaker AstraZeneca was the...

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Australian competition watchdog warns Google, Facebook laws are just the start By Reuters

By Jane Wardell SYDNEY (Reuters) - Australia's competition regulator has warned that planned laws to make the country the first in the world to force Google (NASDAQ:GOOGL) and Facebook (NASDAQ:FB) to pay for news content were likely just the start of more regulation for digital platforms. The Australian government announced legislation last month after an investigation it said showed the tech giants...

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UK police will back up supermarkets in enforcing COVID rules – minister By Reuters

LONDON (Reuters) - Britain's policing minister Kit Malthouse said police would intervene in serious breaches of COVID rules in shops, but measures imposed and enforced by owners would be effective in most cases. "The police are there if you like for backup if things get seriously wrong," he told BBC News on Tuesday. "What we hope is that in the vast majority...

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EU drugs watchdog receives Astra-Oxford vaccine approval application By Reuters

(Reuters) - The European medicines regulator said on Tuesday it had received an application from AstraZeneca for the conditional approval of the drugmaker's COVID-19 vaccine being developed along with the University of Oxford. The European Medicines Agency said it would assess the application under an accelerated timeline. An opinion on the conditional marketing authorisation could be issued by Jan. 29 during the...

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Vistry sees annual profit at top end of range, to pay final dividend By Reuters

(Reuters) - UK homebuilder Vistry Group Plc said on Tuesday it expects annual profit to be at the top end of its previously issued outlook range, and that it would resume dividend payments as the housing market recovers from the COVID-19 pandemic blow. Shares of the company were trading about 4% higher in early trade. With increased website traffic, high house prices...

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