Business news - NewsLocker

Coronavirus: UK advises against non-essential travel to Spanish islands

27-07-2020 23:36 via bbc.co.uk

The Foreign Office now advises against non-essential travel to the Balearic and Canary Islands.

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PM Johnson commits two billion pounds in cycling and walking health drive

27-07-2020 23:34 via uk.finance.yahoo.com

British Prime Minister Boris Johnson promised to spend 2 billion pounds ($2.6 billion) on walking and cycling projects in England, seeking to improve public health and capitalise on a shift away from cars during the coronavirus pandemic.The government wants to reduce demand on the publicly-funded National Health Service, which will have to handle any uptick in coronavirus cases over the winter alongside the annual seasonal pressures of illnesses such as flu."From helping people get fit and healt

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'Fix your bike' vouchers launch, as doctors to prescribe bikes on NHS

27-07-2020 23:32 via bbc.co.uk

The prime minister says GPs in areas with poor health will be encouraged to prescribe cycling.

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Uncle Ben’s rice pouches recalled over concerns product 'may contain glass'

27-07-2020 23:18 via uk.finance.yahoo.com

A type of Uncle Ben's ready-to-heat rice pouches are being recalled in the UK due to concerns the product may contain glass.Mars Food UK issued a recall on Monday for its Uncle Ben's Brown Basmati rice pouches.

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California investigates Amazon's treatment of workers during pandemic

27-07-2020 23:06 via uk.finance.yahoo.com

California investigates Amazon's treatment of workers during pandemic. Filings allege employees had to share equipment and were not allowed extra time to account for social distancing

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Donald Trump's lawyers in new bid to block subpoena for tax records

27-07-2020 22:50 via uk.finance.yahoo.com

Donald Trump's lawyers have filed fresh arguments to try to block or severely limit a criminal subpoena for his tax records.Lawyers filed a rewritten lawsuit in Manhattan federal court to challenge the subpoena by the state prosecutor, calling it harassment of the president.

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Facebook takes EU to court to stop it taking employees' private information

27-07-2020 22:34 via uk.finance.yahoo.com

Facebook is resisting a demand for data by the European Union, claiming that it contains deeply private employee information that the bloc has no right to see. The social media giant has filed appeals against two requests for documents by the European Commission, which is considering whether to launch a formal competition investigation into its online shopping marketplace and use of data. Its lawyers argue that the Commission’s sweeping order is too broad and would gather up “irrelev

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Facebook takes EU to court over employees' private information

27-07-2020 22:34 via uk.finance.yahoo.com

Facebook is resisting a demand for data by the European Union, claiming that it contains deeply private employee information that the bloc has no right to see. The social media giant has filed appeals against two requests for documents by the European Commission, which is considering whether to launch a formal competition investigation into its online shopping marketplace and use of data. Its lawyers argue that the Commission’s sweeping order is too broad and would gather up “irrelev

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Questor: why this Aim-quoted firm can be a cornerstone of your portfolio

27-07-2020 22:27 via uk.finance.yahoo.com

The declaration by Nichols, the soft drinks maker, of a 28p-a-share interim dividend last week made the firm one of a select band of companies to rejoin the dividend list following its earlier decision to cancel its final distribution for 2019. The shift offers hope that the company is coming through the worst and its robust balance sheet should help it to tough out any further trading setbacks. Management is now going to treat 2019 and 2020 as one single period when it comes to assessing the fi

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Facebook takes the EU to court over privacy spat

27-07-2020 21:47 via bbc.co.uk

The social media giant says EU investigators have unnecessarily demanded sensitive information.

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Johnson warns UK business to prepare for second wave

27-07-2020 21:25

PM says pandemic could worsen again after summer but push continues for people to go back to workplaces

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Johnson tells UK employers to prepare for second wave

27-07-2020 21:25

PM says pandemic could worsen again after summer but push continues for people to go back to workplaces

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Budget airlines face a dismal summer but are well placed to recover

27-07-2020 21:09 via uk.finance.yahoo.com

Budget airlines face a dismal summer but are well placed to recover. Long-haul operators will suffer worst from coronavirus rules that have hit the sector hard

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Market report: Kainos investors welcome divi boost

27-07-2020 21:02 via uk.finance.yahoo.com

Medical software company Kainos Group jumped by more than a quarter on Monday after it issued a bullish update and revealed a special dividend of 6.7p. The Belfast-based FTSE 250 group said trading had been strong during the pandemic and it expected full-year revenue and adjusted profit ahead of expectations. “During the early stages of Covid-19, we successfully adapted to the changing business environment and we remain confident that we will be able to respond to any future challenges in

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Exclusive: Italy working to create single broadband champion independent of TIM - source

27-07-2020 20:49 via uk.finance.yahoo.com

Italy's government is studying a plan to create a single ultra-fast broadband network that could initially be majority-owned by phone incumbent Telecom Italia (TIM) but would grant equal access to all market players, a person close to the matter told Reuters.Rome is trying to broker a deal between former phone monopoly TIMand Open Fiber, which is controlled by utility Eneland state lender CDP, to merge their fibre assets and create a national champion.TIM, which has both a retail and a wholesale

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Cummings leads push for minimalist UK state-aid regime after Brexit

27-07-2020 20:00

Light-touch approach would add to concerns in Brussels over Britain’s position on subsidies for business

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Cummings leads push for light-touch UK state-aid regime after Brexit

27-07-2020 20:00

Approach would add to concerns in Brussels over Britain’s position on subsidies for business

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Ransomware attack on Garmin thought to be the work of 'Evil Corp'

27-07-2020 19:57 via uk.finance.yahoo.com

Ransomware attack on Garmin thought to be the work of 'Evil Corp'. Russian cybercrime gang is believed to be responsible for taking Garmin services offline

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Exclusive: Alstom to win EU antitrust okay for Bombardier deal - sources

27-07-2020 19:56 via uk.finance.yahoo.com

Alstomis set to gain EU antitrust approval to buy Bombardier Inc'srail business, people familiar with the matter said on Monday, a deal which will make the French rail maker the world's second largest behind Chinese leader CRRC Corp .Alstom earlier this month offered to sell a French rail factory, its regional train unit Coradia Polyvalent, and a Bombardier commuter trains division and the related production facilities at its Hennigsdorf site in Germany.The French TGV high-speed train maker also

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London households cut spending the most during lockdown

27-07-2020 19:50

Analysis shows government support helped offset declines in less wealthy parts of UK

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Moncler reports loss as second-quarter sales plunge

27-07-2020 19:47 via uk.finance.yahoo.com

Italian fashion group Monclerreported a first-half operating loss for the first time in its history on Monday as a drop in sales caused by the coronavirus crisis lockdowns accelerated sharply in the second quarter."It is difficult to know how the second half of the year will evolve," Chairman and CEO Remo Ruffini said in a statement.With shoppers confined at home during lockdowns in Moncler's main markets, sales in the second quarter were down by around50%, in line with analysts' estimates, foll

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More than 50% of people expect Australia to be back to normal in six months. I suspect that's very optimistic

27-07-2020 19:30 via uk.finance.yahoo.com

More than 50% of people expect Australia to be back to normal in six months. I suspect that's very optimisticIt will be interesting to see whether what people perceive as ‘normal’ begins to change as well, and how that affects our economy

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Facebook sues EU antitrust regulator for excessive data requests

27-07-2020 19:30 via uk.finance.yahoo.com

Facebookis suing EU antitrust regulators for seeking information beyond what is necessary, including highly personal details, for their investigations into the company's data and marketplace, the U.S. social media group said on Monday.Facebook has been under EU competition enforcers' scrutiny since last year, with one investigation focused on its trove of data and the other on its online marketplace launched in 2016 and used by 800 million Facebook users in 70 countries to buy and sell items.The

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France to launch 'railway highways' in push for greener economy

27-07-2020 19:29 via uk.finance.yahoo.com

France's prime minister vowed on Monday to develop "railway highways" to carry food and other goods that now go by truck, part of a government push to reduce the country's carbon footprint.Jean Castex said the "fresh food train" linking the main wholesale market in Paris to the southern city of Perpignan would reopen after that line was closed last year."This is a very strong signal the government is giving and it's a first step in the comeback of railway freight," Castex told reporters just out

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UK weighs online sales tax to prop up high street

27-07-2020 19:22

Downing St says it wants to examine all aspects of business rates system as stores struggle amid pandemic

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Exclusive: Vaccine alliance eyes range of prices for COVID shots, says $40 would be maximum

27-07-2020 19:22 via uk.finance.yahoo.com

Coordinators of a global coronavirus vaccines funding scheme are looking at a wide range of potential prices for COVID-19 shots, with a reported $40 (31.1 pounds) per dose price tag the "highest number" in that range, one of the co-leads of the project said on Monday.Seth Berkley, chief executive of the GAVI vaccine alliance, which is co-leading the COVAX facility designed to ensure fair global access to COVID-19 shots, said the facility had no specific target price and would also seek to negoti

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As Cressida Bonas gets married, is this the age of the ‘secret wedding’?

27-07-2020 19:20 via uk.finance.yahoo.com

In the latest installment of society’s secret-and-tiny weddings that the age of Covid-19 has brought about, actress and one-time girlfriend of Prince Harry, Cressida Bonas married the property developer Harry Wentworth-Stanley this weekend. Bonas’ half brother Jacobi Anstruther-Gough-Calthorpe took to Instagram following the intimate countryside ceremony, posting a story which showed the newlyweds riding horses into the sunset side-by-side. Louis Armstrong’s song A Wonderful Wo

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U.S. drugmaker earnings heat up this week with spotlight on vaccine news

27-07-2020 19:19 via uk.finance.yahoo.com

The earnings reports, including from Gilead Sciences Inc- maker of one of the only treatments that has shown a benefit for hospitalized COVID-19 patients - will be closely watched for any developments that could help contain the pandemic, which has claimed some 650,000 lives worldwide and upended economies.Earnings reports are also due from British drugmakers GlaxoSmithKline Plcand AstraZeneca Plcand France's Sanofi , which are working on vaccines in various stages of development.

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Comcast's SKY, utility A2A eye investment in Italy's single network - sources

27-07-2020 19:13 via uk.finance.yahoo.com

Comcast unit SKY , utility A2Aand state agency Invitalia are considering investing in an Italian single ultra-fast broadband network, two sources told Reuters, as Rome steps up efforts to close the digital gap with the rest of Europe.Former phone monopoly Telecom Italia (TIM) , partly owned by state lender CDP, has been in talks for months over a merger of its fibre assets with those of smaller rival Open Fiber, controlled by Italian utility Eneland CDP.

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Garmin begins recovery from ransomware attack

27-07-2020 19:08 via bbc.co.uk

The fitness-tracking gadget-maker has confirmed that it was the victim of a cyber-attack.

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Will the Persistent Systems share price run continue?

27-07-2020 19:05 via uk.finance.yahoo.com

In this article we will quickly re-cap the broker forecasts for Persistent Systems (NSI:PERSISTENT). The Persistent Systems share price has risen by 26.0% over...

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Why Manulife Financial's dividend is looking safe to me

27-07-2020 19:05 via uk.finance.yahoo.com

There is great comfort to be found in regular, reliable dividend payouts – especially in times of economic uncertainty. But finding shares that can pay them is...

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What's in store for shares in Valsoia Spa?

27-07-2020 19:05 via uk.finance.yahoo.com

Shares in Valsoia Spa (BIT:VLS) are currently trading at 11.75 but a key question for investors is how the economic uncertainty caused by Covid-19 will affect...

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Two factors that could drive the Gp Strategies share price higher

27-07-2020 19:05 via uk.finance.yahoo.com

Shares in Gp Strategies (NYQ:GPX) are currently trading at 8.0229, but a key question for investors is how much the current economic uncertainty will affect th...

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Why Betsson Ab is a market favourite

27-07-2020 19:02 via uk.finance.yahoo.com

Economic shockwaves caused by Covid-19 have plunged stock markets into turmoil, but some shares are better able to absorb this volatility than others - and Bet...

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Momentum investing with Westwing Ag (FRA:WEW)

27-07-2020 19:02 via uk.finance.yahoo.com

Intriguing research into stock market price trends shows that investors behave strangely when a stock trades close to its 52-week high... Despite flying high,...

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Why the strengths of Moneysupermarket.com could see it ride out economic uncertainty

27-07-2020 19:01 via uk.finance.yahoo.com

The best calibre of companies resist competitive threats year-in, year-out, while their competitors fail. This cycle of consistent outperformance and reinvestm...

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Three clues to a sustainable dividend at Samp;u

27-07-2020 19:01 via uk.finance.yahoo.com

2020 has been a challenging year for stock market investors, with market volatility wiping out recent gains. Fortunately, the dividends on offer from shares li...

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Factors that could predict the future for shares in Transart Graphics Co

27-07-2020 19:01 via uk.finance.yahoo.com

Covid-19 has shaken world markets. One question likely to be on the minds of a lot of investors right now is how economic uncertainty caused by the pandemic wi...

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Why shares in Mantech International can withstand market turmoil

27-07-2020 18:59 via uk.finance.yahoo.com

Quality and value are two of the most powerful drivers of stock market profits. After the economic turmoil and market volatility we've seen in 2020, it's possi...

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European gas group launches project to use hydrogen in distribution networks

27-07-2020 18:59 via uk.finance.yahoo.com

The GD4S association, a group of seven major gas distributors representing 20% of the European market, is working on a project to use hydrogen in Europe's distribution networks, its president said on Monday.Gallo is also chief executive of Italgas , one of Europe's biggest gas distributors, and was speaking on a conference call on his group's first-half results.

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Plans for new $1 trillion aid package in the US fails to boost dollar as it hits two-year low

27-07-2020 18:57 via uk.finance.yahoo.com

The dollar slumped to a two-year low and gold prices hit record highs amid fears a new $1 trillion aid proposal in the US will fail to mitigate the economic damage caused by rocketing Covid-19 infections. The latest slide in the dollar came as the Trump administration prepared to unveil a new economic aid package that seeks to scale back generous jobless benefits with a 70pc wage replacement for laid off workers. White House officials said another $1,200 stimulus cheque and a plan to wean worker

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Why Metlife Inc's dividend is looking sustainable

27-07-2020 18:56 via uk.finance.yahoo.com

There is great comfort to be found in regular, reliable dividend payouts, especially in times of economic uncertainty. But finding shares that can pay them isn...

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What's the future for the Oricon Inc (TYO:4800) share price?

27-07-2020 18:56 via uk.finance.yahoo.com

Given the present disruption and volatility in the stock market, it is more important than ever to identify high quality stocks for your portfolio. That means...

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Cardinal Resources (ASX:CDV): buy, sell or hold?

27-07-2020 18:56 via uk.finance.yahoo.com

Shares in Cardinal Resources (ASX:CDV) are currently trading close to a 52 week high, with the share price up by around 7.97% - to 0.735 - over the past week....

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UK busmaker Alexander Dennis to cut 650 jobs

27-07-2020 18:55 via uk.finance.yahoo.com

UK busmaker Alexander Dennis to cut 650 jobs. Boss warns of crisis as pandemic leaves company with no orders since March

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How quality and momentum are powering Technologyone (ASX:TNE)

27-07-2020 18:51 via uk.finance.yahoo.com

Quality and momentum are highly prized among investors looking for reliable investment ideas. That's because good quality stocks tend to be resilient, cash-gen...

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Here are two reasons why Sinbon Electronics Co (TPE:3023) could be a stock to watch

27-07-2020 18:49 via uk.finance.yahoo.com

The Sinbon Electronics Co (TPE:3023) share price is currently trading at 177.5. But to try and predict what the price will look like in the next 12 months and...

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What can we use to predict TYO:4684's share price direction?

27-07-2020 18:45 via uk.finance.yahoo.com

An important question for large-cap investors right now is whether the current market uncertainty caused by Covid-19 will affect the share prices of companies...

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Could Pyrogenesis Canada Inc (CVE:PYR) be a turtle trade?

27-07-2020 18:45 via uk.finance.yahoo.com

Ever since the 1980s, when the now-infamous quot;Turtle Tradersquot; beat the market with simple strategies based on breakouts to new high prices, momentum i...

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