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Two of Europe's largest banks — Britain's Barclays and Germany's Deutsche Bank — are set to announce their first-quarter earnings later on Thursday. In such a scenario, CNBC Pro's analysis found that shares, on average, outperformed the FTSE 100 index by 2.7 percentage points on the day. The stock also beat the benchmark by 2.5 percentage points over a week since the results, and 13.9 percentage points a month out. BARC-GB 1Y line Meanwhile, Deutsche Bank shares have more often than not performed poorly compared to the DAX index , according to CNBC Pro's analysis. Deutsche Bank shares were trading at 9.52 euros per share ($11.87) on Wednesday afternoon.
An Activision Blizzard's Call of Duty: Modern Warfare video game is inserted into the Microsoft's Xbox One video game console arranged in Denver, Colorado, on Wednesday, Jan. 19, 2022. LONDON — Britain's top competition regulator on Wednesday moved to block Microsoft 's acquisition of video game publisher Activision Blizzard . Microsoft announced its intention to acquire Activision Blizzard in January 2022 for $69 billion, in one of the biggest deals the video game industry has seen to date. Sony , in particular, has voiced concern with Microsoft's Activision purchase. The Japanese gaming giant fears that Microsoft could make Call of Duty exclusive to its Xbox consoles in the long run.
LONDON — Britain's biggest supermarkets are limiting purchases of certain fruit and vegetables as supply shortages lead to empty shelves. It said the move was due to poor weather conditions overseas and was working with suppliers to "get things back to normal." The U.K. government has not stated Brexit as a factor, blaming weather conditions. EU member Ireland is also experiencing fruit and vegetable shortages. U.K. Food Minister Mark Spencer said Monday he had spoken to retailers about how they are responding to shortages and asked them to build preparedness for future incidents.
An employee views a FTSE share index board in the atrium of the London Stock Exchange Group Plc's offices in London, U.K., on Thursday, Jan. 2, 2020. LONDON — Britain's FTSE 100 index closed above 8,000 points for the first time on Thursday, with one analyst suggesting the reason behind demand for U.K. stocks is that "boring is the new sexy." Despite the U.K. facing the weakest economic growth outlook among all of the world's major economies, including Russia, the country's blue chip index hit record highs this week and closed at 8,012.53 on Thursday. The U.K.'s annual headline inflation dipped for a third straight month in January to 10.1%, though it remains well above the Bank of England's 2% target while the labor market remains unusually tight. Euro zone headline inflation also fell for a third consecutive month to 8.5% in January, coming back to earth at a slightly faster rate than in the U.K.
"We prefer companies generating cash rather than those that need capital to grow. The higher the free cash flow yield, the better a company's position to meet its debt obligations. A company with a high free cash flow is also able to access cash more quickly in the event of an emergency or opportunity. Using FactSet data, CNBC Pro screened for stocks that boast lots of cash and could be well positioned for a rocky year. U.S.-listed Chesapeake Energy Corporation was the only energy stock to appear on the screen, with its free cash flow yield at nearly 14%.
LONDON — Britain's Prime Minister Rishi Sunak was fined by police Friday, for failing to wear a seatbelt whilst filming a clip for social media in a moving vehicle. It is also the second fixed penalty notice Sunak has received in less a year. His lack of seatbelt was quickly spotted by eagle-eyed viewers and Lancashire Constabulary said Friday it was fining Sunak. A spokesperson for Sunak described this as a “a brief error of judgment,” according to Reuters. “Of course it shouldn’t have happened,” Deputy Prime Minister Dominic Raab told British broadcaster Sky News Saturday.
A shooting lodge in the Lake District has been listed as the "most remote" property in England. Skiddaw House and its 3,000 acres of land are now on sale for $11.9 million, The Guardian reported. The property is not accessible by car, and the nearest village is around four miles away by foot. Skiddaw House is located in the middle of the Lake District National Park in northwest England. Mitchell's Land Agency does not list an exact price for the house on their website, but The Guardian said the price tag is in the region of £10 million ($11.9 million).
Rishi Sunak and his wife Akshata Murty have an estimated combined wealth of £730 million ($800 million). Dan Kitwood | Getty Images News | Getty ImagesLONDON — Britain's new Prime Minister Rishi Sunak made history as the country's first leader of color and its youngest in recent centuries, taking office aged just 42. He also breaks the record for being the wealthiest-ever occupant of Downing Street — with a fortune estimated to exceed that of King Charles III. A net worth of $844 millionTogether, the couple has an estimated fortune of £730 million ($844 million), according to the Sunday Times Rich List. King Charles III welcomes Rishi Sunak during an audience at Buckingham Palace, London, where he invited the newly elected leader of the Conservative Party to become Prime Minister and form a new government.
Japanese yen and U.S. dollar banknotes are arranged for a photograph in Tokyo, Japan. The U.S. dollar pushed to a fresh two-decade high versus major peers on Thursday, propelled by the Federal Reserve's hawkish outlook for interest rates. The euro fell 0.15% to $0.97725, after tracking the move in sterling to an overnight high of $0.98455. Meanwhile, the yen last bought 150.20 per dollar, after hitting a fresh 32-year low of 150.29 overnight. U.S. Treasury yields extended their climb overnight, with the two-year Treasury yield hitting a 15-year high of 4.623%, while the benchmark 10-year Treasury yield peaked at 4.243%, its highest level since June 2008.
LONDON — Britain's Queen Elizabeth II died of old age, according to her death certificate released Thursday. The certificate says that Elizabeth Alexandra Mary Windsor died at 3.10 p.m. (10.10 a.m. The queen's death certificate released by the National Records office of Scotland. The queen's death wasn't announced until 6.30 p.m. (1.30 p.m. Queen Elizabeth was succeeded upon her death by her eldest son Charles, 73, the former Prince of Wales who now reigns as King Charles III.
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