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US stock futures, bonds rally as markets flirt with Fed pause
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Over a dozen Chinese-based firms say they have minimal exposure to SVB
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S&P Global acquires firm to bolster capability to track commodity shipments
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Crypto stocks slide after Silvergate decides to shut down
Britain delays major rail project HS2 as costs soar again
Date: March 9, 2023
LONDON (Reuters) -Britain said on Thursday it would delay building parts of a new high-speed railway linking London and northern England after the cost of the massive project, known as HS2, soared yet again. In the latest blow to a project designed to modernise Britain’s rail network and add capacity on busy tracks, the government...
Markets start signalling Fed may be going too far – Amundi
Date: March 9, 2023
By Yoruk Bahceli (Reuters) – Recent moves in bond and equity markets show that investors are starting to worry that the Federal Reserve may hike rates too far, a senior fund manager at Europe’s largest investor told Reuters on Thursday. Cosimo Marasciulo, head of fixed income absolute return at Amundi, said falling market gauges of...
Aviva boosts investor payouts after profit beat
Date: March 9, 2023
By Iain Withers LONDON (Reuters) -Aviva hiked its payouts to investors on Thursday, including a pledged 300 million pound ($355 million) share buyback, after navigating a volatile year in its key markets amid pressure from activist investor Cevian to boost returns. The British insurer and asset manager said it had paid more than 5 billion...
GSK expects US launch of RSV vaccine with no supply issues
Date: March 9, 2023
By Maggie Fick LONDON (Reuters) -GSK expects to launch its respiratory syncytial virus (RSV) vaccine in the U.S. this year without supply constraints and sees China as a major future market for the shot, a senior executive told Reuters. The drugmaker is racing rival Pfizer Inc to introduce the first approved RSV vaccine in the...
UK’s Domino’s expects tech investments to hit 2023 profit
Date: March 9, 2023
(Reuters) -Britain’s Domino’s Pizza Group Plc said on Thursday its profit this year would be impacted by investments in cloud-based technology platforms, sending its shares down more than 8%. The company said it expects underlying core profit this year to be within market expectations, excluding about 9 million pounds ($10.69 million) to be incurred in...
Deutsche Post raises annual dividend; warns of challenging 2023
Date: March 9, 2023
BERLIN (Reuters) – Deutsche Post increased its dividend for 2022 to 1.85 euros per share after a record year on Thursday, up from 1.80 euros a year earlier, and was expanding its share buyback programme, but flagged a challenging year ahead. The buyback programme will be increased by 1 billion euros ($1.05 billion) to a...