IWG shares took a tumble as the group reported a higher than expected half-year loss and Barclays, its house broker, slashed its expectations for the full year.
Washington – JetBlue has said the coronavirus (COVID-19) pandemic will not stop the airline from launching its long-awaited New York to London service on Wednesday. Chief executive Robin Hayes told the BBC there was
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(Reuters) - European shares ended lower on Tuesday as high sovereign bond yields pressured heavyweight sectors such as technology, while a batch of mixed corporate earnings cast doubt over the pace of a post-COVID-19 recovery.
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 17, 2021. REUTERS/Staff
The benchmark euro zone stock index was down 0.4%, with tech stocks leading declines for a second straight session as they retreated further from 20-year highs.
A recent spike in sovereign bond yields also weighed on stocks, as higher returns in fixed income offered investors a safer alternative to relatively riskier equities.
European shares reversed early gains to trade lower on Tuesday as mixed corporate earnings updates overshadowed a boost from strong commodity prices, while British bank HSBC fell after abandoning its long-term profitability targets. HSBC Holdings dropped 1.5% after its annual profits fell sharply due to the COVID-19 pandemic, while it unveiled a revised strategy focused .