European Shares Inch Higher For Fourth Day
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks extended gains for the fourth day running to hover near 10-month highs on Thursday, as U.S. stimulus hopes and optimism over the rollout of coronavirus vaccines strengthened the case for a global economic recovery.
Investors believe that large amounts of liquidity provided by central banks will continue to remain abundant to support the nascent recovery.
The U.S. Congress is getting close to a $900 billion coronavirus relief deal, while the Federal Reserve vowed to keep pouring cash into financial markets until the economy recovers.
European Union lawmakers approved the bloc s 1.8 trillion-euro ($2.2 trillion) stimulus package on Wednesday, clearing the path for a much-needed injection of funds.
UK TOP NEWS SUMMARY: Stumbling Blocks Remain In Brexit Talks - Barnier
Thu, 17th Dec 2020 11:18
(Alliance News) - The following is a summary of top news stories Thursday.
COMPANIES
WPP set out plans to return to 2019 levels of revenue growth by 2022, after stumbling in 2020, while also unveiling a new dividend policy. The advertising agency said it intends to return the core Communications business to sustainable growth and is targeting annual cost savings of GBP600 million by 2025. Of these savings, WPP plans to invest two-thirds in talent, incentives and technology to drive growth. The FTSE 100 constituent wants to supplement growth with targeted, scalable mergers and acquisitions of GBP200 million to GBP400 million annually. WPP said like-for-like revenue less pass-through costs fell 6.7% in the two months to November, with the result for 2020 expected to be in line with the year-to-date performance of an 8.4% decline. WPP is aiming for a recovery to 2019 revenue less pass
Form 8.3 - The Vanguard Group, Inc.: TalkTalk Telecom Group plc
DJ Form 8.3 - The Vanguard Group, Inc.: TalkTalk Telecom Group plc
The Vanguard Group, Inc. ( )
Form 8.3 - The Vanguard Group, Inc.: TalkTalk Telecom Group plc
14-Dec-2020 / 15:06 GMT/BST
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