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TOP NEWS SUMMARY: Virus cases surge in India and Japan tightens curbs


TOP NEWS SUMMARY: Virus cases surge in India and Japan tightens curbs
Mon, 26th Apr 2021 10:46
(Alliance News) - The following is a summary of top news stories Monday.
COMPANIES
Nestle confirmed it is in talks to buy all or part of Bountiful Co from KKR & Co, following press reports. An acquisition could pre-empt a proposed initial public offering of Bountiful, Bloomberg reported on Friday, citing a person familiar with the matter. KKR had been planning to value Bountiful at more than USD6 billion, according to a Bloomberg report in January which cited a person with knowledge of the matter. Bountiful, the owner of the Nature s Bounty vitamins and other health brands, sells products through retailers such as Walmart and CVS, Bloomberg said. Demand for vitamin supplements and other health products has been increased by the pandemic. ....

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London open: Stocks dip despite tentative moves to reopen international travel


London open: Stocks dip despite tentative moves to reopen international travel
Mon, 26th Apr 2021 08:38
(Sharecast News) - Stocks are coming under a little bit of selling pressure at the start of trading on Monday as investors monitor the headlines out of Asia concerning the epidemic and its possible impact on economies.
The slow, but steady increase in Covid-19 cases across Asia, ex-India, is weighing on sentiment in early Asian trading. India s situation dominated the weekend press, but across Japan, South Korea and Thailand and others in between, Covid-19 is undermining confidence in cyclical recovery that many, including the author, has priced into their H2 2021 outlooks, said Jeffrey Halley, Senior Market Analyst, Asia Pacific, OANDA. ....

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London midday: Travel stocks in the lead ahead of busy week for data, earnings


London midday: Travel stocks in the lead ahead of busy week for data, earnings
Mon, 26th Apr 2021 11:49
(Sharecast News) - Stocks have turned around to trade higher after the head of the European Commission signaled that the European Union may open its borders to non-essential travel from the US by summer.
Continuing growth in Covid-19 case numbers in India however were still dragging on sentiment.
The number of new Covid-19 infections in India hit a fifth consecutive daily record on Monday of 352,991.
Meanwhile, the EU decision to allow US vaccinated travellers does highlight a gradual willingness to wake international air travel from its drawn-out slumber, said IG Senior Market Analyst, Joshua Mahony. ....

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