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Babcock warns of potential hit to balance sheet after contract review

Shares in Babcock International shed nearly a fifth of their value after the UK defence contractor signalled that it could be forced to write off part of its balance sheet. The company on Friday said that early indications of a review of its contract profitability suggest “negative impacts on the balance sheet and/or income statement… Continue reading Babcock warns of potential hit to balance sheet after contract review

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Barnier warns post-Brexit border friction is the new normal

Michel Barnier has warned that many of the new regulatory frictions hampering cross-Channel trade will be impossible to smooth over, as the inevitable consequences of Brexit begin to manifest themselves for businesses across Europe.  The EU’s Brexit negotiator said that some things have “changed for good” as a result of the UK’s policy choices, noting… Continue reading Barnier warns post-Brexit border friction is the new normal

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EU warns banks against dodging post-Brexit trading rules

Europe’s markets regulator has warned EU banks and fund managers not to bypass new post-Brexit rules on cross-border dealing after it found “some questionable practices” used by the industry to trade with London. The statement from the European Securities and Markets Authority on Wednesday underscored authorities’ efforts to create a hard split between EU and… Continue reading EU warns banks against dodging post-Brexit trading rules

Business news

Lagarde warns against early tightening of stimulus efforts

Christine Lagarde has warned governments and central banks not to respond to the first signs of an economic recovery from the coronavirus crisis in the coming months by cutting stimulus too quickly, even if inflation begins to rise. The president of the European Central Bank said on Wednesday that there would likely be a rebound… Continue reading Lagarde warns against early tightening of stimulus efforts

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Pharma lobby warns against extending Covid jabs times

The pharmaceutical industry has warned against straying from tried-and-tested dosing intervals for Covid-19 vaccines, saying doing so risks public confidence in the shots.  The main pharmaceutical lobby groups in the US and Europe on Wednesday said they supported “adhering to the dosing that has been assessed in clinical trials” and that “emerging discussions regarding dosing… Continue reading Pharma lobby warns against extending Covid jabs times

Business news

Donald Trump warns impeachment effort is causing ‘tremendous anger’

Donald Trump warned Democrats’ efforts to impeach him a second time “sparked tremendous anger” in the United States and said he was not responsible for a violent attack on the U.S. Capitol by his supporters this week last. In his first spontaneous remarks since the rampage in the nation’s capital, Mr. Trump described the decision… Continue reading Donald Trump warns impeachment effort is causing ‘tremendous anger’

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London police will move faster to impose Covid fines, warns chief

London’s Metropolitan Police will move more quickly to enforce coronavirus lockdown rules via fines, the force’s commissioner has warned, as the UK capital battles surging numbers of virus cases. Cressida Dick indicated that her officers would not hesitate to take a tougher line after engaging with members of the public who are breaking rules, as… Continue reading London police will move faster to impose Covid fines, warns chief

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England at risk of health emergency, chief medical officer warns

Chris Whitty, England’s chief medical officer, has warned that the nation is facing a health emergency unless people obey the new lockdown rules, as seven mass vaccination centres prepare to open this week to tackle Covid-19. Prof Whitty said that the NHS risked being overwhelmed unless rules were strictly observed, as Boris Johnson, the prime… Continue reading England at risk of health emergency, chief medical officer warns

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Key Words: Party like it’s 1999? ‘Blue wave’ should keep ‘the bull market in everything’ alive for a while, but that could change in a hurry, strategist warns

“ ‘The Nasdaq from late 1998 to early 2000 went up over 200%. Now, we’re up almost 100%, and we may very well be on that same track. Everything I’m looking at points to a melt-up.’ ” That’s Edward Yardeni, president of Yardeni Research, taking a cautious view in a recent CNBC interview of where… Continue reading Key Words: Party like it’s 1999? ‘Blue wave’ should keep ‘the bull market in everything’ alive for a while, but that could change in a hurry, strategist warns

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NewsWatch: Bigger stimulus? Here’s why now may be seen as the ‘peak of this bubble,’ warns strategist

MARKETWATCH FRONT PAGE Animal spirits are being fueled by fresh stimulus talk, and that may be the last hurrah for this stock market, says strategist Mike O’Rourke. See full story. Bitcoin’s parabolic price surge near $42,000 may be the ‘mother of all bubbles’ BofA Global Research in their weekly “The Flow Show” report dated Jan.… Continue reading NewsWatch: Bigger stimulus? Here’s why now may be seen as the ‘peak of this bubble,’ warns strategist