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15 December
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British mid-caps muted as London goes into tougher lockdown

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By Shivani Kumaresan (Reuters) -British mid-cap stocks were subdued on Tuesday as tougher restrictions were imposed in London to curb a resurgent COVID-19 pandemic, while investors awaited a Brexit trade deal with the European Union before a year-end deadline. The domestically focussed FTSE 250 index was nearly flat a day after it posted its best session in more than a week on...

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15 December
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European Stocks Higher as Brexit Deal Optimism Grows

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By Peter Nurse  Investing.com - European stock markets traded higher Tuesday, amid optimism over the ongoing Brexit trade negotiations despite increasing Covid-related lockdowns. At 3:55 AM ET (0855 GMT), the DAX in Germany traded 0.6% higher, the CAC 40 in France rose 0.6% and the U.K.'s FTSE index climbed 0.3%.  European Union negotiator Michel Barnier has said that sealing a trade pact with...

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15 December
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French and Dutch securities watchdogs urge crackdown on “greenwashing”

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LONDON (Reuters) - European Union rules are needed to prevent "greenwashing" or inaccurate claims that investments are sustainable and climate-friendly, French and Dutch securities regulators said on Tuesday. "The proposed framework is aimed at preventing misallocation of investments, greenwashing, and ensuring investor protection," said a joint statement from French regulator AMF and its Dutch counterpart AFM. ...

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15 December
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WPP to restate financial statements for last three years

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(Reuters) - WPP (LON:WPP), the world's biggest advertising company, said it will restate its financial statements for 2017, 2018 and 2019 as some aspects were not fully in line with the accounting requirements. These adjustments will not impact on any of WPP's headline measures, operating profit, net debt, net assets, net current liabilities or statement of cash flows, the company said...

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15 December
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Fashion retailer H&M sales dip 10% in local currencies in fourth quarter

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STOCKHOLM (Reuters) - Sweden's H&M, the world's second-biggest fashion retailer, said on Tuesday that local-currency sales fell 10% in the September-November quarter as the second wave of the pandemic led to a fresh slowdown towards the latter part of the period. The rival of Zara owner Inditex (MC:ITX) said a recovery seen in the previous quarter had continued through much...

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15 December
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Furlough scheme could be used to support firms hit by no-deal Brexit – The Telegraph

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(Reuters) - The British government could widen its job retention scheme after Jan. 1 to support businesses impacted by no-deal Brexit disruption, The Telegraph https://www.telegraph.co.uk/politics/2020/12/14/furlough-scheme-could-used-support-firms-hit-hardest-no-deal reported on Monday, citing government sources. Businesses could access wage support, grants and emergency loans already set up by finance minister Rishi Sunak to deal with the effects of the coronavirus pandemic, the report added. ...

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15 December
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Exclusive: China search giant Baidu considers making own electric vehicles – sources

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BEIJING (Reuters) - China's Baidu Inc (NASDAQ:BIDU) is considering making its own electric vehicles and has held talks with automakers about the possibility, said three people with knowledge of the matter, the latest move in a race among tech firms to develop smart cars. The search engine leader, which also develops autonomous driving technology and internet connectivity infrastructure, is considering contract manufacturing,...

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15 December
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Japan’s economy needs years to return to pre-pandemic levels – Reuters poll

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By Kaori Kaneko TOKYO (Reuters) - Japan's economy will suffer a smaller contraction this year than initially forecast but won't return to pre-coronavirus pandemic levels until at least early 2022, economists in a Reuters poll said. Analysts polled were split on the Bank of Japan's next policy move even as the economy continues to suffer from the pandemic's fallout, underscoring a widening...

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