Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Following a phone call between UK Prime Minister Johnson and European Commission President von der Leyen, both parties have released statements…
Von der Leyen stated that they “welcomed substantial progress on many issues. However, big differences remain to be bridged, in particular on fisheries.”
A Downing Street spokesperson said “negotiations were now in a serious situation. Time was very short and it now looked very likely that an agreement would not be reached unless the EU changed its position substantially.”
The main topic in the Downing Street statement was fisheries, saying that if there was to be an agreement then the EU needed to shift its position on fisheries significantly.
Coca-Cola (NYSE: KO) will cut around 2,200 jobs globally including 1,200 in the United States as part of its restructuring efforts.
The cuts represent approximately 12% of Coca-Cola’s workforce.
Coca-Cola shares are up 0.55% so far today at $53.35.
Shares of health and wellness company XpresSpa Group (NASDAQ: XSPA) are rallying on Thursday after the company announced its XpresCheck subsidiary has entered into an agreement with United Airlines (NASDAQ: UAL) to offer COVID-19 testing services.
Shares of Signature Aviation PLC (LON: SIG) surged 41.7% after the company confirmed that it is in talks with US private equity firm Blackstone Group about a potential cash offer of $5.17 (£3.80)a share for the company.
The Google-Fitbit deal receives conditional approval in EU after antitrust concessions.
The EU conditionally approves Google’s $2.1B acquisition of Fitbit (NYSE: FIT).
Google will have to silo off user data and not use it for targeted advertising and ensure that Android phones will continue to work with other fitness wearables and smartwatches.
Fitbit shares are up 0.42% at $7.22.
According to reports, an EU official says that a UK trade deal is “fairly close” and a deal is possible by the end of the week.
Manfred Weber, a German politician who has served as leader of the European People’s Party in European Parliament has tweeted to say that Europe should only approve a Brexit agreement if it is agreed before Sunday so that they have time to scrutinise any potential deal.
Shares of Bidstack Group PLC (LON: BIDS) surged 25.8% today after the in-game advertising group announced that it expects its full-year revenues to exceed analysts expectations driven by huge demand from advertisers.
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