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Fund managers say inflation 'transitory', banks biggest 'overweight' - BofA
Most fund managers around the world continued to believe that the recent acceleration in price pressures in the States would prove transitory, placing their trust in the Federal Reserve's ability to "peacefully" draw back on its policy easing, the results of a closely-followed survey revealed.
Competition watchdog to probe Apple and Google mobile ecosystems
The Competition and Markets Authority is to investigate Apple and Google’s dominance in mobile ecosystems, the watchdog announced on Tuesday.
Washington and Brussels to bury the hatchet on Boeing-Airbus dispute for five years
Brussels and Washington have decided to shelve their often acrimonious spat over the subsidies granted to their aircraft manufacturers for five years.
US pre-open: Futures point to slight gains, Boeing and Exxon in focus
Wall Street futures are pointing slightly higher ahead of the start of trading in the US as investors bide their time ahead of the Federal Reserve's policy meeting scheduled for the next day.
US close: Retail sales, producer prices push equities lower
A weaker-than-expected reading on the key monthly retail sales report alongside faster growth in producer prices knocked stocks lower by the close on Wall Street on Tuesday.
Wednesday preview: US Federal Reserve, China data in focus
All eyes on Wednesday will be on the US Federal Reserve as policymakers meet to decide on interest rates.
Europe close: Stocks little changed ahead of Fed meeting
European shares finished higher but off their morning highs, as hopes of a swift economic recovery from the Covid-19 pandemic offset a higher-than-expected reading on inflation in the States.
Kia, Uber partner to offer European drivers discounts on EVs
Uber and Kia Europe have partnered to offer drivers in 20 European markets deals when buying, leasing, financing or renting Kia’s EVs.
Director dealings: Asos boss trims stake
Asos boss Nick Beighton reduced his stake in the online fashion retailer at the start of the week.
US open: Stocks dip after stronger-than-expected producer price data
The combination of a weaker-than-expected reading on the key monthly retail sales report alongside faster growth in producer prices knocked stocks off their perch in early trading in New York.
Broker tips: Anglo American, ITM Power, Rolls Royce
RBC Capital Markets downgraded its recommendation on shares of miner Anglo American to ‘sector perform’ from ‘outperform’ on Tuesday, slashing the price target to 3,400p from 4,100p as it pointed to rising headwinds.
London close: Stocks mixed as unemployment falls in April
London stocks ended up mixed at the close on Tuesday, as investors digested the latest UK jobs data, while stocks stateside began their session weaker after a bumper Monday.
Cruise secures $5bn credit line to launch self-driving robotaxis project
Cruise, a majority-owned subsidiary of General Motors, has secured a new $5bn line of credit as it prepares to commercialization its autonomous ride-hailing business.
IKEA fined $1.2m for spying on French workers
A French court on Tuesday fined IKEA $1. 2m after it found that it had been spying on its French staff by improperly gathering and storing their data.
Berenberg names Rolls Royce 'top pick', operating margins set to grow substantially
Analysts at Berenberg selected Airbus and Rolls Royce as their 'key picks' within civilian aerospace, arguing that the deep restructuring such companies had withstood would drive bigger operating margins within three to five years in comparison to pre-pandemic levels.
US final demand prices jump in May, paced by gains for food and energy
Wholesale prices in the US rose twice as quickly as anticipated last month amid sharp increased in food and energy prices.
Condor Gold begins infill drilling at La India open pit
Condor Gold has started a 1,700 metre infill geotechnical drilling programme within the permitted La India open pit, it announced on Tuesday.
FTSE 250 movers: Hochschild loses its shine; leisure shares recover
London’s FTSE 250 was down 0. 2% at 22,694. 77 in afternoon trade on Tuesday.
Angus Energy buys Alba's interest in Brockham Field
Angus Energy announced the acquisition of Alba Mineral Resources’ 5% interest in the Brockham Field on Tuesday.
FTSE 100 movers: AB Foods rallies; Anglo hit by downgrade
London’s FTSE 100 was up 0. 5% at 7,179. 70 in afternoon trade on Tuesday.