Full List Of Stories
Repsol cuts dividend for 2021 as it plans boost for renewables
Repsol is set to reduce its dividend in 2021 as it plans to wind down its search for oil in a shift to expand its renewable capacity during the next 10 years.
Disney to lay off 32,000 workers in first half of 2021
Disney has upped the number of layoffs it will make in the first half of next year to 32,000 from 28,000.
Tesla to recall more than 9,000 Model X cars
Tesla filed to recall about 9,136 Model X cars, the National Highway Traffic Safety Administration said on Wednesday.
FCC rejects ZTE petition to lift 'national security threat' designation
The Federal Communications Commission rejected Chinese company ZTE’s petition to remove its designation as a “national security threat. ”.
Shell UK narrows gender pay gap in 2020
Royal Dutch Shell’s female employees in Britain earned 18% less on average than their male colleagues in 2020, a pay gap that has narrowed since 2019.
Wednesday broker round-up
Codemasters Group: Berenberg downgrades to hold with a target price of 485p.
Netflix to spend $1bn on production in UK in 2020
Netflix is set to raise its spending on production of TV shows and films in the UK to $1bn this year despite the break in filming due to the coronavirus pandemic.
Airlines could lose $157bn in 2020-21 - IATA
Airlines could lose a total $157bn this year and next, the International Air Transport Association warned on Tuesday.
UK startup Caura to start offering insurance
UK car startup Caura will now offer vehicle insurance to make ownership less problematic.
UK government to double subsidies for renewable energy in 2021
The UK government plans to double the amount of green energy it will subsidise in 2021 as it agrees to include onshore power projects.
Airbnb finally files for end-2020 IPO
Airbnb finally filed for its long-awaited initial public offering on Monday and is reportedly aiming to raise $3bn in a transaction that would give it a valuation of $30bn.
CMA mulling opening investigation into Google 'privacy sandbox' adtech
The UK’s Competitive Markets Authority is mulling whether to open an investigation into Google after receiving a complaint against what a group of companies alleged was an anticompetitive new advertising technology which the search giant was set to roll-out early in 2020.
Friday broker round-up
Quilter: Barclays initiates at equal weight with a target price of 140p.
EU chief urges gradual easing of Covid-19 restrictions for holiday period
The president of the European Commission, Ursula von der Leyen, warned of a third wave of Covid-19 cases and urged governments to gradually lift the restrictions for the holiday period.
WHO advises against prescribing remdesivir for Covid-19
WHO advises doctors against treating Covid-19 patients with Gilead Science’s remdesivir drug (under the name Veklury) that has “no meaningful effect” on survival or need for ventilation.
Unions call for frontline workers to have priority access to Covid-19 vaccine
UK unions called for key frontline workers to be given priority access for a Covid-19 vaccine once its rolled out after they were omitted from the list.
$427bn lost annually to tax evasion, reveals report
Tax Justice Network reported that $427bn is stolen annually by companies and individuals who avoid paying taxes and called for the G20 to tighten rules.