Page 21 - Big Caps News Today

JP Morgan had arranged debt financing for the competition including underwriting loans of £4.3bn Most teams pulled out after fan protests US investment bank JP Morgan Inc (NYSE:JPM) has apologised for its role as the financier of the proposed European Super League (ESL) and said it clearly misjudged the mood of the European football public. The Wall Street giant had arranged a £4bn finance package to bankroll the project, but it collapsed within days of being announced due to a fu...

COVID-19 infections fall significantly after single dose vaccines are rolled out, study shows The first dose of a COVID-19 vaccine was enough to push infections down by 65% The first dose of a COVID-19 vaccine was enough to push infections down by 65%, a new study has shown. The analysis, conducted by the COVID-19 Infection Survey, a partnership between the University of Oxford, the Office of National Statistics and the Department for Health and Social Care, examined people who had received a j...

FTSE 100 pares losses; JP Morgan apologises for European Super League kerfuffle Londons leading index was down 14 points to 6,923 FTSE 100 down 14 points JP Morgan apologises 3.30pm: JP Morgan apologises for European Super League kerfuffle FTSE 100 pared its losses before close and was down 14 points to 6,923. US investment bank JP Morgan Inc (NYSE:JPM) has apologised for its role as the financier of the proposed European Super League (ESL) and said it misjudged the mood of the European footb...

Londons leading index ended Friday at 6,939, more or less right where it ended Thursday

Overall, first-quarter production was at 95% of normal capacity partly due to COVID-19 constraints at some operations Anglo American PLC (LON:AAL) said its coal production fell in the first quarter and reduced its full-year output guidance for both metallurgical and thermal coal. Thermal coal production dropped 20% from the year-earlier quarter to 4.9 million tonnes (Mt), with guidance for the year cut to about 14 Mt, from about 24 Mt, reflecting the diversified miner’s plans to spin off its...

Polymetals revenue rises 20% in first quarter on higher gold and silver prices It confirmed its 2021 production guidance of 1.5 million gold equivalent ounces and its cost guidance of US$700-750 an ounce The smelter at Varvara. Photo Credit: Polymetal International PLC Polymetal International PLC (LON:POLY) said revenue in the first quarter increased 20% year-on-year to US$593mln (£426mln) as a result of higher gold and silver prices and improved production.  The Russia and Kaza...

Renault said the chip troubles for the industry could disrupt production all through the summer

While the streaming giant let down investors with its first-quarter numbers, one analyst says the firm still has the capability and the cash to stay...

Netflix subscriber growth slams on the brakes as COVID-19 pandemic boom ends The streaming giant reported that 3.98mln people signed up to the platform in the first three months of 2021, well below forecasts of 6mln Netflix Inc (NASDAQ:NFLX) reported a sharp slowdown in subscriber numbers as a boom in demand for streaming services during the Coronavirus (COVID-19) pandemic began to wear off. In its first-quarter results, released after the close on Tuesday, the platform reported 3.98mln people ...

Tesco, Sainsbury and Ocado all at risk from on-demand grocery startups, warns Credit Suisse Tesco’s has the highest exposure to the convenience format of the UK supermarkets, which is seen as being most at risk from the new startups Gorillas Grocery started in Berlin but is now in London and Amsterdam With the pandemic driving growth in online grocery, a “new disruptive channel has emerged”, the Swiss investment bank, with on-demand or ‘i-grocery’ services characterized by...