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Extremely rare pink rainbow forms over East Yorkshire
Did you spot it?
A pink rainbow formed over Hornsea (Image: Jo Kirk)
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An extremely rare pink rainbow appeared in the sky above Hornsea on Saturday.
The pink appearance of the rainbow, as opposed to its typical full spectrum, comes as a result of an optical illusion and is described as a very rare phenomenon.
India s Tata Motors posts $1 billion loss
(AFP) - India s Tata Motors announced a $1 billion loss Tuesday despite a strong performance in the first quarter of 2021 as restructuring costs related to its British luxury car brand Jaguar Land Rover (JLR) hit the automaker s bottom line.
The Mumbai-headquartered firm posted a consolidated net loss of 76 billion rupees during the January-March period, narrowing its losses from 98.9 billion rupees a year earlier.
The auto giant s revenues jumped 42 percent, but exceptional costs worth £1.5 billion ($2.13 billion, 1.74 billion euros) related to its restructuring of JLR hurt its profitability. It was a strong and resilient all-round performance for us, despite the pandemic, P.B. Balaji, chief financial officer of Tata Motors, told reporters in a post-earnings conference call.
Diageo is recommencing its share buyback and dividend programme
AJ Bell investment director Russ Mould comments on Diageo s announcement it is restarting its £4.5bn share buyback and special dividend programme:
Diageo is getting a big round in for shareholders. The alcoholic drinks group’s recovery from Covid-19 means it is set to dole out billions in share buybacks and special dividends.
Like several businesses, Diageo hoarded cash during the pandemic to help get it through, now profit is expected to bounce back quicker than expected it can afford to be more generous.
With its on-trade sales in bars, clubs and restaurants virtually disappearing for large parts of 2020 and the beginning of 2021 the company did a good realignment job – focusing its marketing on the off-trade as people enjoyed their Guinness or Johnnie Walker at home instead.
FTSE 100 up 0.12% or 8.43 points to 7,047.73
And the FTSE 250 index is up 0.39 per cent or 86.78 points to 22,472.68.
12:33
Ambrose Crofton, Global Market Strategist at J.P. Morgan Asset Management, said:
Today’s MPC decision to keep policy unchanged comes as no surprise as the economic recovery is still in its early days and monetary policy has already been somewhat prescribed for the coming months. The Bank did acknowledge that the economic outlook had improved markedly since its February forecast round, raising its forecasts for growth. Indeed, the punchy cocktail of a reopening economy and excess consumer savings means that the UK economy should be set for a party for the remainder of the year.