The treasury bills for sale have the following stock exchange codes:
Name | Stock exchange code | Maturity |
DGTB 01/09/21 21 / III | 98-18262 | 1 September 2021 |
DGTB 01/12/21 21 / IV | 98-18346 | 1 December 2021 |
DGTB 01/03/22 22 / I | 98-18429 | 1 March 2022 |
The sale will settle on 12 May 2021 at the stop-rate for each serie. In case of bid on stop-rate a pro-rata ratio may occur.
The deadline for bidding is 10.15 on the day of the auction.
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Financial technology firm FIS has announced that it is launching a solution that enables banks to offer their customers the ability to buy, sell and hold Bitcoin via their bank accounts.
(Bloomberg) -- GlaxoSmithKline Plc’s management defended the company’s strategy as the pharmaceutical giant comes under growing pressure to revive its fortunes after activist investor Elliott Management Corp. took a stake.Speaking at Glaxo’s annual general meeting Wednesday, Chairman Jonathan Symonds said he understood investor skepticism, but said the company was now “doing the right things” and asked shareholders to judge it on the results. Glaxo is preparing to split in two next year, spinning off its consumer unit and leaving the remaining company focused on biopharma and vaccines.“We recognize there is much still to do,” Symonds said at the virtual AGM. We “understand skepticism given promises made in the past. But be in no doubt that we -- this board and this management team -- are determined to deliver.”Glaxo is in the middle of a turnaround effort led by Chief Executive Officer Emma Walmsley, who has been in post since 2017. The company has lagged behind competitors, notably fellow British drugmaker AstraZeneca Plc, after it moved away from lucrative areas like oncology, which Walmsley has been trying to rebuild. Pressure on Glaxo to demonstrate successful change stepped up in recent weeks because of Elliott’s move to build a stake.While the activist hedge fund’s plans are unknown, investors and analysts have speculated it may push Glaxo to execute its split and strategy faster. The company is planning to set out the blueprint for the new business in June. Symonds reiterated Thursday that the dividend for the two new companies will be lower than the longstanding annual payout of 80 pence a share.The company has also come under fire for its absence on the Covid-19 vaccine effort. Glaxo decided early on to use its adjuvant technology -- substances used to enhance the immune response to vaccines -- to partner with other drugmakers in developing a shot, rather than creating its own. Symonds acknowledged at the meeting that it was “disappointing” its main partnership with Sanofi hasn’t moved as quickly as planned.Glaxo is still working with a number of companies to develop coronavirus shots that could be available later this year. The company is also awaiting emergency approval from U.S. regulators for its Covid-19 antibody treatment with Vir Biotechnology Inc.It was “disappointing that the largest of those partnerships -- Sanofi -- was delayed,” Symonds said. “We intend to be competitive across a range of vaccine technologies, including mRNA, and we are well-placed to do this.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Peloton (NASDAQ:PTON) dropped almost 7% after its treadmills were recalled following the death of a child at the hands of the equipment. The U.S. Consumer Product Safety Commission (CPSC) and Peloton announced two separate voluntary recalls of Peloton’s Tread+ and Tread treadmills, and said consumers should immediately stop using them and contact Peloton for a full refund or other qualified remedy. Peloton has also stopped the sale and distribution of the Tread+.
Volkswagen raised its operating margin target for this year after strong demand for profitable Audis and Porsches in the first quarter, but warned it remained in "crisis mode" over a global shortage of semiconductor chips. Europe's biggest carmaker said on Thursday it now expected an operating profit margin of 5.5-7% this year, versus a previous forecast of 5.0-6.5%, with vehicle deliveries and sales both up by more than a fifth. The better guidance is mainly driven by improved demand for high-margin premium cars, a trend also seen at General Motors, Daimler, Ford and Stellantis.
Prices are on the rise, but there are ways you can lessen the impact on your wallet.
Archegos has hired restructuring advisers to assess the potential legal claims from banks and to plan for a possible winding down of its operations, the report said, citing two people familiar with the matter. The family office's meltdown was triggered after ViacomCBS, a company Archegos was heavily exposed to, announced a stock offering in March. Global banks lost nearly $10 billion from the Archegos fallout.
(Bloomberg) -- Jeff Bezos sold about $2.5 billion of Amazon.com Inc. stock, his first big disposal this year after offloading more than $10 billion worth of shares in 2020.Bezos sold around 739,000 shares this week under a pre-arranged trading plan, according to U.S. Securities and Exchange Commission filings. He plans to sell as many as 2 million shares, according to a separate filing.The world’s richest person continues to hold more than 10% of Amazon.com, the primary source of his $191.3 billion fortune, according to the Bloomberg Billionaires Index. In the 15 years after Amazon.com went public in 1997, Bezos sold about a fifth of the online retailer for roughly $2 billion. The value of his stake has ballooned in recent years to such an extent that he can now sell relatively small amounts for billions of dollars.Amazon stock is little changed this year after rallying 76% in 2020 as the Covid-19 pandemic kept people away from physical stores and encouraged online shopping.The Amazon founder has used stock sales to fund rocket company Blue Origin, while he’s committed $10 billion to the “Bezos Earth Fund” to help counter the effects of climate change.The rocket maker said Wednesday it has set July 20 for its first mission carrying people to space and plans to auction off one seat on its New Shepard rocket.Bezos would be far richer if it weren’t for his divorce from MacKenzie Scott. She received a 4% stake in Amazon as part of the split and quickly became one of the world’s most important philanthropists.(Updates with Blue Origin plans in seventh paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
(Bloomberg) -- Bombardier Inc. is selling its stake in Alstom SA in a deal that would generate proceeds of more than $630 million at current market prices.The offering has gathered enough investor demand to cover the sale, according to terms seen Tuesday by Bloomberg. Price guidance will follow and such accelerated offerings typically come at a discount. After completion of the sale, Bombardier said it expects to have exited its 3.1% stake in Alstom’s common stock.The deal comes on the heels of Bombardier’s sale of its train-making business to Alstom for about $3.6 billion. That transaction included the stake in the French company that Bombardier is selling. Separately, Bombardier has exited its regional-jet business and now focuses on making private planes.The Montreal-based company asked creditors Monday to approve changes to terms on eight bond issues after an unidentified noteholder argued that asset sales including the rail and commercial-aircraft deals violated covenants on debt maturing in 2034.Bombardier fell 2.1% to 93 Canadian cents at 12:42 p.m. in Toronto amid a broad market decline. Alstom was little changed at 45.83 euros at the close in Paris.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
NEW YORK/CHICAGO (Reuters) -General Electric Co shareholders rejected top executives' compensation packages, including a payout of as much as $230 million to CEO Larry Culp, at the industrial conglomerate's annual shareholder meeting on Tuesday. While the shareholder vote was non-binding, the move was a rare rebuke of a major corporation's handling of its executive pay. As part of an extension of Culp's employment contract to 2024, GE last August canceled old shares given to him and granted him new shares tied to lower financial targets.
The rapidly improving economy and stocks at record highs may be fueling a flurry of stock buyback activity in 2021.
It appears that Shark Tank investor Kevin O’Leary no longer thinks bitcoin is “garbage.” The chairman of O’Shares ETF told Yahoo Finance Live that he’s allocated 3% of his portfolio to the world’s largest cryptocurrency after his native Canada, and a handful of other countries, eased restrictions on institutional buying of the asset.
MILAN (Reuters) -Ferrari pushed back its profit target for next year after delaying investments and some deliveries in the pandemic, but stuck to its timetable for a first electric car by 2025. The luxury carmaker famed for its 'Cavallino Rampante', or 'Prancing Horse', badge had predicted adjusted core earnings of 1.8-2.0 billion euros ($2.2-$2.4 billion) in 2022. "We expect the prudent steps we took in 2020 and are continuing in 2021 to adjust our expenditure in response to the COVID-19 emergency will postpone by one year the achievement of our year-end 2022 guidance," Chairman John Elkann said.
Meme-based virtual currency Dogecoin soared on Wednesday to an all-time high, extending its 2021 rally to become the fourth-biggest digital coin. Dogecoin, launched as a satirical critique of 2013's cryptocurrency frenzy, has climbed 41% in the last 24 hours to a record $0.68, according to CoinMarketCap. This year alone it has soared over 14,000%, from $0.00468 on Dec. 31, taking it past more widely used cryptocurrencies such as the Tether stablecoin and XRP to become the fourth-largest by market capitalisation.
With the economic recovery well under way and the stock market hovering just below all-time highs, Wall Street firms are building a case for stocks to keep climbing into the end of 2021.
Inflation is picking up in a major way, C-suites across the country warn.
HOUSTON (Reuters) -Climate activists are prodding Exxon Mobil Corp's top shareholders to vote against the reelection of two directors, a move that could boost a hedge fund's proxy fight to seat four candidates on the oil giant's board. Environmental group Sierra Club and other activists have bombarded BlackRock Inc and Vanguard Group with calls and emails urging them to vote against Exxon Chief Executive Darren Woods and lead independent director Kenneth Frazier at this month's shareholder meeting.
Australian shares closed higher on Tuesday as the RBA raised its economic growth forecast and kept interest rates on hold.
The biggest U.S. oil producer has slashed costs, delayed projects and said it could trim an estimated 14,000 employees globally, or 15%, including contractors. Exxon reported its first annual loss last year as the COVID-19 pandemic battered energy demand. Exxon had set aside some money last year toward the costs.
The S&P Dow Jones Indices launched new cryptocurrency indexes, it said on Tuesday, further mainstreaming digital currencies including bitcoin and ethereum by bringing them to the trading floors of Wall Street. The new indexes, S&P Bitcoin Index, S&P Ethereum Index and S&P Crypto Mega Cap Index, will measure the performance of digital assets tied to them. The list will expand to include additional coins later this year, the division of financial data provider S&P Global said.
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