European Shares Rally On Recovery Hopes

Mary Trump On Uncle’s Final Hours In Office: ‘Probably The Worst Day Of His Life’

Mary Trump on Tuesday said her uncle, President Donald Trump, is having “probably the worst day of his life” as his administration comes to an ignominious end.

“Because the clock is ticking and he’s running out of time,” Mary Trump, a psychologist who has become one of the outgoing president’s harshest critics, told CNN’s Anderson Cooper.

Mary Trump also explained why she believed her uncle will face a “pretty grim” time once he leaves office.

“No more free golf games, no more adulation, 24-hour media attention, no more social media because there’s no reason for me to see that Facebook and Twitter would reverse their decisions — and a lot of legal trouble,” she predicted.

The president was banned from multiple social media platforms following his encouragement of the U.S. Capitol riot and his unending torrent of lies.

The House impeached Trump for a second time over the violence.

Last week, Mary Trump said her uncle “enjoyed every second” of the insurrection. “He is a physical coward but he’s perfectly happy when other people commit violence on his behalf,” she said.

Watch the full interview here:

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Plexus Q1 Profit Rises

Plexus (PLXS) Wednesday reported first-quarter net income of $36.2 million or $1.23 per share, up from $31.0 million or $1.03 per share last year.

On average, seven analysts polled by Thomson Reuters expected the company to report earnings of $1.09 per share for the quarter. Analysts’ estimates typically exclude special items.

First-quarter revenues dropped to $830.36 million from $852.41 million. Analysts expected revenues of $832.12 million for the quarter.

For the second quarter, the company expects revenues of $860 million to $900 million with earnings of $1.17 to $1.32 per share. Analysts currently estimate earnings of $0.99 per share for the quarter.

Bharti Airtel shares zoom over 6%

Shares of Bharti Airtel on Wednesday zoomed over 6% after the company said it has received approvals for relevant downstream investments post FDI nod from the Department of Telecommunications.

Bharti Airtel further said it is initiating the process to revise its foreign investment limit, as notified to its depositories, to 100% with immediate effect.

The stock jumped 6.37% to ₹ 601.80 on the BSE.

At the NSE, it gained 6.35% to ₹ 601.70.

"Further to our intimation dated January 21, 2020, we wish to inform you that in compliance with the FDI approval dated January 20, 2020, granted to the company by the Department of Telecommunications, the company has received approvals for its relevant downstream investments.

"Accordingly, the company is initiating the process to revise its foreign investment limit, as notified to its depositories, to 100% with immediate effect," Bharti Airtel said in a regulatory filing on Tuesday.

Kainos Projects FY Results To Be Ahead Of Current Market Consensus View – Quick Facts

Kainos Group plc issued a trading update for the period from 16 November 2020 to date. The Group said the continued momentum in its business has driven a strong trading performance. Kainos Group projects its results for the year ending 31 March 2021 to be ahead of current market consensus expectations. Looking forward, the Group said it is confident in its outlook.

Kainos Group plans to announce its results for the full year ending 31 March 2021 on 24 May 2021.

Orange Agrees Sale Of 50% Equity Interest And Co-control Of Orange Concessions

French telecommunications operator Orange (ORAN) announced that it has agreed to sell 50% equity interest and co-control of Orange Concessions to La Banque des Territoires, part of France’s state-owned bank Caisse des Depots, insurer CNP Assurances and EDF Invest consortium.

The deal values Orange Concessions at 2.675 billion euros. The entity covers about 4.5 million fibre-to-the-home (FTTH) plugs in rural France. The transaction is expected to close by end 2021.

In line with its Engage 2025 strategic plan, this partnership gives Orange the flexibility to reinforce its development in fibre, notably in rural areas.

Delta Air Lines Inc Q4 adjusted earnings Miss Estimates

Below are the earnings highlights for Delta Air Lines Inc (DAL):

-Earnings: -$0.76 billion in Q4 vs. $1.10 billion in the same period last year.
-EPS: -$1.19 in Q4 vs. $1.71 in the same period last year.
-Excluding items, Delta Air Lines Inc reported adjusted earnings of -$1.60 billion or -$2.53 per share for the period.
-Analysts projected -$2.51 per share
-Revenue: $3.97 billion in Q4 vs. $11.44 billion in the same period last year.

European Shares Rally On Recovery Hopes

European stocks opened on an upbeat note on Monday as the new EU/UK trade deal regulations came into force over the weekend and the U.K. began the Oxford/AstraZeneca vaccine rollout, making another step in the global battle against the pandemic.

Sentiment was also boosted after a survey showed activity in the euro zone manufacturing sector hit its highest level in December last year since May 2018.

IHS Markit’s final euro zone manufacturing purchasing managers’ index rose to 55.2 from 53.8 in November.

Elsewhere in the U.K., a survey showed growth in British manufacturing activity rose to its highest level in three years last month.

The final manufacturing PMI reading for December came in at 57.5 – the highest since November 2017 and slightly above an initial flash estimate of 57.3.

The Stoxx Europe 600 index jumped 1.6 percent to 405.22, led by mining, energy and travel-related stocks.

The German DAX rose 1.3 percent, France’s CAC 40 index gained 1.8 percent and the U.K.’s FTSE 100 was up 2.8 percent.

Anglo-German travel operator TUI AG surged as much as 7.1 percent, while Air France KLM and IAG both rose about 2 percent.

Ahold Delhaize NV rallied 3 percent after commencing the 1 billion euros share buyback program.

Ladbrokes owner Entain Plc jumped 24 percent after receiving an increased offer from U.S. casino operator MGM Resorts.

Miners and energy firms were gaining ground as commodities rose on a weaker dollar.

Anglo American and Glencore both rallied about 6.5 percent, while BP Plc climbed 4.1 percent and Royal Dutch Shell added 3.4 percent.