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U.S. Futures Lower; AMC Entertainment Craze Continues By Investing.com

By Peter Nurse Investing.com -- U.S. stocks are seen opening lower Thursday, as investors consolidate ahead of a spate of economic data releases, headed by the weekly jobless claims numbers.  At 7:05 AM ET (1205 GMT), the Dow futures contract was down 215 points, or 0.6%, S&P 500 futures traded 30 points, or 0.7%, lower, and Nasdaq 100 futures dropped 120 points, or 0.9%. The major indices all closed marginally higher Wednesday, near record highs, but worries that a stronger-than-expected economic rebound will result in higher inflation and thus sooner-than-expected monetary policy tightening have deprived the...

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No new countries to be added to UK’s travel ‘green list’ on Thursday – The Sun By Reuters

LONDON (Reuters) - No new countries will be added to Britain's green list for international travel when the list of quarantine-free destinations is updated later on Thursday, The Sun reported. The report, which did not name its sources, also said that new countries would be added to the 'red list'. It said talks were ongoing to decide whether Portugal, a popular holiday destination for Britons, would remain on the green list. ...

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China, U.S. aim for common ground in trade talks to resolve issues – ministry By Reuters

BEIJING (Reuters) - Normal discussions between China and the United States on the trade and economic fronts have resumed and both sides will start to pragmatically solve some concrete issues for producers and consumers, China's commerce ministry said on Thursday. The discussions aimed at solving various issues comes after a period of strained relations between the world's two biggest economies, including a nearly two-year tit-for-tat trade war. China's Vice Premier Liu He, who has led trade negotiations with the United States, has held two video calls with U.S. Trade Representative Katherine Tai and Treasury Secretary...

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Fewest UK businesses report high uncertainty since Feb 2020: BoE By Reuters

LONDON (Reuters) - The share of British businesses reporting high levels of uncertainty fell to 50% last month, the lowest percentage since February last year, before the COVID-19 pandemic swept the country, a Bank of England survey showed on Thursday. The survey showed the pandemic would drag on business investment this quarter and next by slightly more than shown in the April survey of the BoE's Decision Maker Panel. ...

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European stocks slip ahead of data deluge, UK shares lag By Reuters

By Sruthi Shankar (Reuters) - European stocks slipped from all-time highs on Thursday, as investors awaited U.S. economic data to gauge the future path of monetary policy, while rating actions and ex-dividend trading knocked UK shares lower. The pan-European STOXX 600 index was down 0.2%, with miners and utilities leading the decliners. A host of British companies, including National Grid (LON:NG) and Kingfisher (LON:KGF), traded without entitlement for dividend, pulling UK's FTSE 100 0.7% lower. Global stocks took a step back ahead of the closely watched U.S. jobs data...

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Exclusive: Tesla supplier CATL plans a major battery plant in Shanghai – sources By Reuters

BEIJING/SHANGHAI (Reuters) - China's CATL is planning a major new automotive battery plant in Shanghai, continuing a blistering pace of expansion that will cement its lead as the world's No.1 supplier, two people with knowledge of the matter said. Locating the factory in Shanghai will put it close to Tesla Inc's Chinese production base after it began supplying batteries for the U.S. automaker's Model 3 cars in China last year. CATL hopes to rapidly expand that relationship, aiming to become its biggest supplier in the near future by providing half of the battery cells...

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Novacyt launches two new PCR assays By Investing.com

By Samuel Indyk Investing.com – Anglo-French diagnostics company Novacyt has launched two new polymerase chain reaction (PCR) assays to expand its genesig COVID-19 and SNPsig SARS-CoV-2 variant detection portfolios. The AIM-listed company said its new genesig COVID-19 3G test will enable the fulfilment of certain international travel testing requirements, including Fit to Fly Certificate, Test to Release and US FDA regulations. The second test, its SNPsig EscapePLEX SARS-CoV-2 test, is a single kit which is able to detect the four most critical mutations currently recognised. It is currently a research-use-only kit that detects the biologically significant...

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Spend it like Beckham: Soccer star buys stake in electric-car firm Lunaz By Reuters

(Reuters) - David Beckham has taken a 10% stake in Lunaz, a UK-based car restoration and electrification firm, as the former England soccer captain builds on diverse investments in companies related to e-sports, cannabis and now automobiles. Beckham had invested in Lunaz through his investment vehicle, DB Ventures, the company said on Thursday, but did not disclose the value of the deal. "I was drawn to the company through their work restoring some of the most beautiful classic cars through upcycling and electrification," Beckham said in a statement. He will join Lunaz's founders and...

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Events organiser Informa launches review of some data units By Reuters

(Reuters) - Informa said on Thursday it was reviewing some units that provide data to industries as the events organiser looks to focus on lucrative sectors, while its events business recovers from cancellations of physical gatherings last year. The world's largest exhibitions company said it was on track to deliver at least 1.7 billion pounds ($2.41 billion) in sales this year as its digital services business grows and physical events return in key markets such as the United States, Middle East and Mainland China. Informa, which also owns the Taylor & Francis academic publisher, has been...

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Nordgold plans IPO to sell 25% stake in London and Moscow By Reuters

MOSCOW (Reuters) - Russia-focused gold producer Nordgold plans an initial public offering (IPO) of at least 25% of its existing shares in London and Moscow, it said on Thursday. Nordgold, majority owned by Russian billionaire Alexei Mordashov and his sons Kirill and Nikita, was previously listed in London but delisted in 2017. It is aiming for a premium listing that would make it eligible for the FTSE indices. "Now is the right time for Nordgold to seek a premium London listing," Chief Executive Nikolai Zelenski said in a statement. "We look forward to sharing our story...

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