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Tech and financials boost $46.2 billion flows into global equity funds – BofA By Reuters

LONDON (Reuters) - Investors piling into tech and financial stocks helped equity funds attract $46.2 billion in their third-largest inflow on record in the week to Wednesday while inflation linked bonds also shone, BofA's weekly fund flow data showed on Friday. The data, collected by EPFR before a rise in U.S. real-yields triggered a global stock market correction on Thursday, also showed...

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Pfizer COVID-19 vaccine reduces transmission after one dose – UK study By Reuters

By Kate Kelland LONDON (Reuters) - A single dose of Pfizer (NYSE:PFE) and BioNtech's COVID-19 vaccine cuts the number of asymptomatic infections and could significantly reduce the risk of transmission of the virus, results of a UK study found on Friday. Researchers analysed results from thousands of COVID-19 tests carried out each week as part of hospital screenings of healthcare...

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Beckham-backed Cellular Goods jumps on first day of trading By Investing.com

By Samuel Indyk Investing.com – Cellular Goods, the David Beckham backed cannabinoids company, saw its shares rocket on its first day of trading. The company's IPO was oversubscribed by 13 times and raised a total of £13mln before expenses. Synthetic Cannabinoids Cellular Goods is the first provider of premium consumer products based on biosynthetic cannabinoids to join the London stock market. “Cellular Goods'...

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GameStop’s stock rises in early deals, set for second best week By Reuters

(Reuters) - Shares of GameStop Corp (NYSE:GME) jumped 10.6% in early deals on Friday, as retail investors pushed up the stock in a renewed rally that could see it clock its second best week. Options market activity in the stock, which has returned to the top of the lists in a social media driven retail trading frenzy, suggested investors were...

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Airbus exploring hybrid-electric aircraft technology By Reuters

By Tim Hepher PARIS (Reuters) - Airbus is working on hybrid-electric propulsion among the options for reducing jetliner emissions, the European planemaker said on Friday. It disclosed the initiative in a document projecting more than a million tonnes of equivalent CO2 emissions over the life of each current-generation jet, as it became the first planemaker to report so-called "Scope 3" emissions.Until...

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Hipgnosis Songs owned hit reaches 1 billion streams By Investing.com

By Samuel Indyk Investing.com – Hipgnosis Songs Fund Ltd (LON:SONG), the UK listed investment company, has today announced that Journey’s song Don’t Stop Believin’ has hit 1bln streams on Spotify. The fund, founded by Merck Mercuriadis, offers investors a pure-play exposure to songs and associated music intellectual property rights.   Don’t Stop Believin’ Hipgnosis co-owns Journey’s Don’t Stop Believin’ as a...

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Bitcoin slumps 6%, heads for worst week since March By Reuters

By Ritvik Carvalho LONDON (Reuters) - Bitcoin fell over 6% on Friday to its lowest in two weeks as a rout in global bond markets sent yields flying and sparked a sell-off in riskier assets. The world's biggest cryptocurrency slumped as low as $44,451 before recovering most of its losses. It was last trading down 1.2% at $46,525, on course for a...

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British insurer RSA profit rises ahead of takeover By Reuters

LONDON (Reuters) - British insurer RSA's 2020 operating profit rose 15% to 751 million pounds ($1.05 billion), it said on Friday, ahead of an anticipated takeover by Denmark's Tryg and Canada's Intact Financial. The car, home and commercial insurer said strong underwriting discipline had helped its performance. RSA started life in 1706 and is best known in Britain for its "More Than"...

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