10 December

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Bank of England relaxes COVID curbs on bank dividends

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LONDON (Reuters) - Britain's banks can resume paying some dividends and bonuses as lenders appear well capitalised and resilient to fallout from the coronavirus pandemic, the Bank of England said on Thursday "The Prudential (LON:PRU) Regulation Authority judges that an extension of the exceptional and precautionary action taken in March is not necessary and that there is scope for...

10 December

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FACTBOX-As Brexit transition period ends, what does that mean for airlines?

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LONDON (Reuters) - Britain's status quo transition period with the European Union will end at 2300 GMT on Dec. 31. There are growing fears of a no-deal scenario after British Prime Minister Boris Johnson and EU chief executive Ursula von der Leyen gave themselves until Sunday to decide their next steps after failing to overcome persistent rifts on Wednesday. If the...

10 December

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U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 1.02%

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Investing.com – U.K. equities were higher at the close on Thursday, as gains in the Oil & Gas Producers, Industrial Metals & Mining and Mining sectors propelled shares higher. At the close in London, the Investing.com United Kingdom 100 gained 1.02% to hit a new 6-month high. The biggest gainers of the session on the Investing.com United Kingdom 100 were ...

10 December

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Starbucks Headed for Outsized Growth, Shares Pop

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By Christiana Sciaudone Investing.com -- Starbuck expects "outsized growth" for the coming years. Shares of the coffee purveyor rose 4.4% after it said in a presentation that fiscal 2022 and 2023 are looking promising, while fiscal 2021 will be a recovery year. Starbucks (NASDAQ:SBUX) reiterated the company’s fiscal 2021 forecast of adjusted earnings per share of $2.70 to $2.90. For fiscal year 2022,...

10 December

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Europe’s bond boom may stem investment bank exodus from sovereign debt auctions

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By Dhara Ranasinghe LONDON (Reuters) - The surge in government borrowing during the COVID-19 crisis and boost in bond trading may stem investment banks' gradual exodus from the less profitable business of buying and distributing European sovereign debt. Several lenders such as Credit Suisse (SIX:CSGN), Societe Generale (PA:SOGN) and ING have in recent years scaled back primary dealerships...

10 December

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England to make support payment available through test and trace app

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LONDON (Reuters) - England's COVID test and trace system is making a 500 pound ($665) support payment for people told to isolate available through its app, it said on Thursday as it outlined a plan for the next phase of the service. The support payment for people told to self isolate was already available for people told to self isolate by phone,...

10 December

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England’s test and trace reaches 86% of contacts, helped by change in method

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LONDON (Reuters) - England's COVID-19 test and trace system reached a higher proportion of contacts of positive cases in the first set of comparable data since a change in methodology boosted the numbers from record lows. The test and trace system has stopped trying to contact under-18s separately to ask them to self-isolate if a parent says they will tell their child,...

10 December

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BP expands renewable energy supply deal with Amazon in Europe

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(Reuters) - Oil major BP (LON:BP) has expanded a renewable energy supply deal with Amazon.com Inc (NASDAQ:AMZN) to power the U.S. e-commerce giant's operations and Amazon Web Services in Europe, the British company said on Thursday. The company said it would supply Amazon with an additional 404 megawatts of wind power in Europe, starting in 2022, with more than half...

10 December

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VW to renew push for peace between CEO and unions next week – sources

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HAMBURG (Reuters) - Volkswagen (DE:VOWG_p)'s supervisory board will meet on Thursday next week in a renewed effort to soothe tensions between the German carmaker's labour leaders and its chief executive, two people familiar with the matter told Reuters. CEO Herbert Diess has demanded a contract extension and more backing for his reform efforts from Volkswagen's stakeholders, but he has met resistance...

10 December

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Ex-French minister sneers at Amazon executive’s justification of tax bill

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By Mathieu Rosemain and Ardee Napolitano PARIS (Reuters) - An ex-French minister told the head of Amazon (NASDAQ:AMZN) France that he was "taking the piss" after the executive told a parliamentary committee that the company paid the French state 420 million euros ($508 million) in 2019 and had sales of 5.7 billion euros. "If a French company dared to do that, we...

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News

Bank of England relaxes COVID curbs on bank dividends

FACTBOX-As Brexit transition period ends, what does that mean for airlines?

U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 1.02%

Starbucks Headed for Outsized Growth, Shares Pop

Europe’s bond boom may stem investment bank exodus from sovereign debt auctions

England to make support payment available through test and trace app

England’s test and trace reaches 86% of contacts, helped by change in method

BP expands renewable energy supply deal with Amazon in Europe

VW to renew push for peace between CEO and unions next week – sources

Ex-French minister sneers at Amazon executive’s justification of tax bill

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