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But how are investors picking their bets? The reopening hopes, alongside the summer weather, have also boosted hard-hit hospitality sector shares such as pub groups Mitchells and Butler and Wetherspoons. ‘STARTING TO BOOM’More than half of British adults have had two vaccine doses, double the percentage seen in many euro zone countries. Investors are also watching Citi's economic surprise index that measures the degree to which data is beating forecasts. The government has reduced the list of “green” countries tourists can visit, hitting shares in airlines EasyJet and British Airways operator IAG.
Persons: Henry Nicholls, , , Kasper Elmgreen, Jefferies, Travis Perkins, ” Jefferies, Butler, Phil Milburn, Milburn, Liontrust, Nomura, John Keeble, Keeble Organizations: REUTERS, UK Cinema Association, SUN Investment, Kingfisher, Liontrust’s, Milburn, Jefferies, JET, British Airways, Charter Company Locations: London, Britain, Europe, United Kingdom, United States, India, Luton, Iceland, Greece
European stocks slip ahead of data deluge, UK shares lag
  + stars: | 2021-06-03 | by ( Sruthi Shankar | ) sentiment -1.00   time to read: +2 min
(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. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 2, 2021. REUTERS/StaffThe pan-European STOXX 600 index was down 0.2%, with miners and utilities leading the decliners. Construction materials group Saint-Gobain gained 3.9% after forecasting record operating income and margin in the first half of the year. Britain’s biggest telecom group BT group slipped 2.9% after Deutsche Bank downgraded the stock to “sell”, saying it is overvalued.
Persons: pare, Edward Park, Brooks Macdonald, , Wall, Remy Cointreau Organizations: Reuters, REUTERS, Staff, National Grid, Kingfisher, Federal, BT, Deutsche Bank Locations: Frankfurt, Germany
(Reuters) -European stocks pared losses on Thursday as upbeat eurozone business growth data and strong U.S. jobs data lifted sentiment on a dull day of trading, while rating actions and ex-dividend trading knocked UK shares lower. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 2, 2021. REUTERS/StaffThe pan-European STOXX 600 index was down 0.1% after falling as much as 0.8% earlier in the session. Construction materials group Saint-Gobain gained 4.2% after forecasting record operating income and margin in the first half of the year. Britain’s biggest telecom group BT group fell 1.9% after Deutsche Bank downgraded the stock to “sell”, saying it is overvalued.
Persons: , Jack Allen, Reynolds, “ Price, Wall, Remy Cointreau Organizations: Reuters, REUTERS, Staff, National Grid, Kingfisher, Capital Economics, BT, Deutsche Bank Locations: Frankfurt, Germany, Europe
MORNING BID- Sell in May
  + stars: | 2021-05-20 | by ( Reuters Staff | ) + 0.00   time to read: +2 min
It’s all made for a more sombre mood, as markets chew over the risks of a bigger pullback. That bond bid evaporated however after the release of the Fed minutes; they revealed several officials had felt it might be appropriate to “begin discussing a plan for adjusting the pace of asset purchases”. Wall Street closed lower. Some calm has returned, with European stock futures pointing higher following one of their worst sessions this year and Wall Street looks set to follow. The fact remains though that world stocks are on course for a monthly loss for the first time since January.
Persons: Danilo Masoni, Bitcoin, ECB’s Schnabel, Jon Cunliffe, Lagarde, Kristalina, Robert Kaplan, Lavrov, Blinken Organizations: U.S . Federal, Natwest, BoE, Bank of Canada, Dallas Fed Locations: Europe, Asia, Kingfisher, China, Africa
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby MelvilleThe blue-chip index rose 0.02%, with banks, mainly HSBC Holdings, Lloyds Banking Group and Standard Chartered gaining between 0.8% and 1.5%. Consumer discretionary stocks, including Compass Group, Kingfisher and Just Eat also provided the biggest boost to the index. Mobile operator Vodafone Group fell 8.9% on reporting a 1.2% drop in annual adjusted earnings, as COVID-19 hit roaming revenue and handset sales. Fund managers loaded up on UK stocks and cut exposure to technology stocks as rising inflation and “taper tantrum” fears leave growth stocks vulnerable to pull-backs, Bank of America’s May fund manager survey released on Tuesday found.
Persons: Toby Melville, Sophie Griffiths, Oxford Biomedica Organizations: Reuters, Vodafone, London Stock Exchange Group, City of, REUTERS, HSBC Holdings, Lloyds Banking Group, Standard, Compass Group, Kingfisher, Mobile, Vodafone Group, EMEA, Bank of America’s, Oxford, drugmaker AstraZeneca, Imperial Brands Locations: City, City of London, Britain, OANDA,
Short-term rental tech company Guesty raised a $50 million Series D led by Apax Digital Fund. Guesty, a firm that makes property management software for short-term rental companies and owners of vacation properties for rent announced on Tuesday that it has raised a $50 million Series D funding round. Earlier this month, the company acquired another software company, MyVR. Short-term rental companies (and Guesty customers) Kasa Living and Casai, both raised funding rounds during the pandemic, while Airbnb is trading more than $100 above its trading debut price in December. Sonder, the largest venture-backed short-term rental operator, may also be getting in on the action, with reports that it may be going public in 2021 via a SPAC.
Persons: Guesty, Porter, MyVR, Viola, Brian Chesky, shutdowns, Vered Schwarz, Schwarz, Sonder Organizations: Apax Digital Fund, Apax, Fund, Apax Partners, AMI, Vertex Ventures, Kingfisher Investment Advisors, La Maison Partners, Guesty Locations: Tel Aviv
Garden party plans help soften blow to UK retail sales
  + stars: | 2021-03-26 | by ( William Schomberg | Andy Bruce | ) + 0.00   time to read: +3 min
FILE PHOTO: Customers browse plants at Lydstep Nurseries and garden centre in Lydstep, Britain, March 22, 2021. Retail sales were down 3.7% compared with February 2020, before the pandemic struck most Western economies, with many non-essential retailers still closed. Clothing retailers saw sales plunge by more than half on their pre-pandemic level. But many retailers have found ways to soften the blow of the latest lockdown by improving or opening online shopping operations. Home improvement retailers such as B&Q and Wickes have performed strongly during the crisis.
Persons: Rebecca Naden, England, James Smith, lockdowns, Jonathan Athow, Wickes, Kingfisher, Boris Johnson, James Sproule, Organizations: REUTERS, National Statistics, ING, , Bank of England, Confederation of British Industry Locations: Lydstep, Britain, United Kingdom
Turkish turmoil, Germany lockdown extension hit European stocks
  + stars: | 2021-03-22 | by ( Reuters Staff | ) sentiment -1.00   time to read: +1 min
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)March 22 (Reuters) - A slump in Turkey’s lira and worries about prolonged lockdowns in Germany pushed European stocks lower on Monday, with banks and travel shares taking the biggest hit. The pan-European STOXX 600 fell 0.5% by 0806 GMT, down for the second straight session after hitting a one-year peak last week. The global mood soured as the Turkish lira dropped to a record low after President Tayyip Erdogan replaced a hawkish central bank governor with a critic of high interest rates over the weekend. Travel stocks also dropped as a draft proposal seen by Reuters showed Germany was set to extend a lockdown to contain the COVID-19 pandemic into its fifth month. The German DAX was down 0.5%, while France’s CAC 40 fell 0.9% and UK’s FTSE 100 dropped 0.8%.
Persons: Tayyip Erdogan, DAX, Sruthi Shankar, Bernard Orr Organizations: Spain’s BBVA, Italy’s, France’s BNP, ING, Reuters, CAC, Kingfisher Locations: Germany, France’s, Bengaluru
LONDON — European stocks closed slightly higher on Monday, with investors watching Turkey closely following President Erdogan's surprise decision to replace the central bank's chief. The pan-European Stoxx 600 finished up 0.2%, with autos climbing 1.7% while retail stocks dropped 1%. European markets received a muted handover from Asia-Pacific, where shares traded mixed on Monday as investors watched moves in the Turkish lira and bonds, following a sudden upheaval at the country's central bank. Volatility for the currency comes after President Recep Tayyip Erdogan abruptly replaced the central bank chief just days after a sharp interest rate hike, which Erdogan vehemently opposes. At the bottom of the index, Spanish bank BBVA dropped 6.8% after re-affirming its commitment to Turkey on the back of the news of Erdogan's central bank move.
Persons: Erdogan's, Recep Tayyip Erdogan, Erdogan, Julius Baer, Lonza Organizations: Nasdaq, Treasury, Kingfisher, Volkswagen, Porsche, Deutsche Bank, British Airways, BBVA Locations: Turkey, Asia, Pacific, Turkish, Europe, Swiss, Spanish
Former aides of UK's Meghan ready to give evidence in privacy case
  + stars: | 2021-01-20 | by ( Reuters Staff | ) sentiment -1.00   time to read: +2 min
LONDON (Reuters) - Four former senior aides of Meghan, Britain’s Duchess of Sussex, are prepared to give evidence in court over whether she intended a letter she sent to her father to become public, London’s High Court has been told. FILE PHOTO: Britain's Prince Harry and Meghan, Duchess of Sussex, arrive to greet members of the public in Kingfisher Bay on Fraser Island in Queensland, Australia October 22, 2018. Antony White, the paper’s lawyer, on Wednesday told a second day of remote hearings on Meghan’s request for a summary judgment in the case that any involvement of royal aides in drafting the letter “cries out for investigation”. “Why was the Kensington Palace communications team involved at all in wording the letter?” he said. A lawyer representing four senior former aides, including Knauf, said they would be prepared to give evidence at a trial, and one or more “would be in a position to shed some light” on some of the contested issues.
Persons: Meghan, Britain’s Duchess of, Britain's Prince Harry, Duchess of Sussex, Phil Noble Meghan, Queen Elizabeth’s, Prince Harry, Thomas Markle, Jason Knauf, Antony White, , Organizations: REUTERS, Newspapers, Wednesday, Kensington Palace Locations: Britain’s Duchess of Sussex, Kingfisher Bay, Fraser, Queensland, Australia, Kensington
RBC's top researchers in the US, Europe, and Asia just updated their quarterly list of highest-conviction stock picks for the year. Their newest choices for 2021 represent a clear bet on a recovering global economy, as they're adding energy, industrial, and financial companies from around the world. The average stock on RBC's list outperformed the S&P 500 during the market's fourth-quarter surge, and doubled the gain recorded by an MSCI global benchmark. A group of RBC's top stock researchers are taking their shot once again by updating their list of 30 top global stocks for the year. The average return for the stocks in the latest top-30 list was 15.6% to investors in the fourth quarter.
Persons: Research Graeme Pearson, Mark Odendahl, ‐ Philippe Hardy, European Research Michael Hall, They're Organizations: Global Head, Research, US, European Research, Banco Bilbao Vizcaya Argentaria, CenterPoint, Fleet Management, Enterprise Products Partners, General Electric, Kingfisher, Nike, RBC Locations: Europe, Asia
Fraser Island is on fire as parts of Australia swelter through record heat wave
  + stars: | 2020-12-01 | by ( Helen Regan | ) sentiment -0.99   time to read: +1 min
(CNN) Firefighters in Australia are battling a massive bushfire that has been burning out of control for six weeks across the popular tourist spot of Fraser Island as parts of the country's east swelter through a record-breaking heat wave following the hottest November on record. Tourists and staff on the UNESCO World Heritage site have been forced to evacuate as the fire closes in on local attractions, and the island's unique forests are smothered in smoke. Emergency crews used water bombs to slow the blaze, but the fire service warned conditions could get worse. "Fire crews are working to contain the fire but firefighters may not be able to protect every property. You should not expect a firefighter at your door," the directive said.
Organizations: CNN, Firefighters, UNESCO Locations: Australia, Fraser Island, Queensland, Kingfisher
European markets head for lower open as shutdown fears outweigh vaccine news
  + stars: | 2020-11-19 | by ( Holly Ellyatt | ) sentiment -1.00   time to read: +2 min
LONDON — European stocks are expected to open lower Thursday as a rally prompted by positive vaccine news starts to peter out amid renewed fears of shutdowns due to rising coronavirus cases. London's FTSE is seen 65 points lower at 6,322, Germany's DAX is seen 124 points lower at 13,075, France's CAC 40 down 42 points at 5,469 and Italy's FTSE MIB 121 points lower at 21,445, according to IG. European stocks had closed higher on Wednesday as investors weighed up positive coronavirus vaccine announcements and the ongoing spread of the virus. In Asia-Pacific markets, stocks fell on Thursday as traders grappled with optimism around a potential coronavirus vaccine and economic worries. Subscribe to CNBC PRO to access live PRO Talks, including our Dec. 2 discussion on opportunities and risks in international markets.
Persons: Germany's DAX, Jesse Pound Organizations: FTSE, CAC, IG, Pfizer, U.S . Food, Drug Administration, Wednesday, Dow Jones Industrial, Nasdaq, Royal Mail, CNBC PRO Locations: U.S, New York City, Asia, Pacific, Thyssenkrupp, Kingfisher
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