London Stock Exchange moves ahead with integrating Refinitiv

Calgary Flames fire coach Geoff Ward, hire two-time Stanley Cup winner Darryl Sutter

Right after routing the Ottawa Senators, the underachieving Calgary Flames fired their coach Thursday night and brought back a familiar name.

Geoff Ward is out of a job, and Darryl Sutter was named coach. According to The Athletic, he is signed for two seasons beyond this one.

Sutter, 62, won Stanley Cups with the Los Angeles Kings in 2012 and 2014. He also coached the Flames for three seasons, taking them to Game 7 of the 2004 Stanley Cup Final, which they lost to the Tampa Bay Lightning.

He was the Flames' general manager from April 11, 2003 to Dec. 28, 2010.

China's home-built C919 aircraft on path to be certified by year-end, designer says

BEIJING (Reuters) – China’s home-built C919 aircraft is expected to finish flight testing and win airworthiness certification by the end of this year, the programme’s chief designer, Wu Guanghui, said on Friday on the sidelines of an annual parliament meeting.

State manufacturer the Commercial Aircraft Corporation of China is set to deliver the first aircraft to China Eastern Airlines, which signed a firm order on Monday to buy 5 C919 jets.

U.S. Jobless Claims Inch Up Less Than Expected To 745,000

Ahead of Friday’s more closely watched monthly employment report, the Labor Department released a report on Thursday showing a modest increase in first-time claims for U.S. unemployment benefits in the week ended February 27th.

The report said initial jobless claims inched up to 745,000, an increase of 9,000 from the previous week’s revised level of 736,000.

Economists had expected jobless claims to rise to 750,000 from the 730,000 originally reported for the previous week.

The uptick in jobless claims came after the drop seen in the previous week pulled claims down to their lowest level since the week ended November 28th.

Meanwhile, the Labor Department said the less volatile four-week moving average fell to 790,750, a decrease of 16,750 from the previous week’s revised average of 807,500.

The report said continuing claims, a reading on the number of people receiving ongoing unemployment assistance, also slid by 124,000 to 4.295 million in the week ended February 20th.

The four-week moving average of continuing claims dropped to 4.448 million, a decrease of 99,000 from the previous week’s unrevised average of 4.547 million.

On Friday, the Labor Department is scheduled to release its more closely watched report on the employment situation in the month of February.

Economists currently expect employment to increase by 182,000 jobs in February after rising by 49,000 jobs in January. The unemployment rate is expected to hold at 6.3 percent.

Roche: FDA Approves Actemra/RoActemra For Systemic Sclerosis-associated Interstitial Lung Disease

Roche (RHHBY) said FDA has approved Actemra/RoActemra subcutaneous injection for slowing the rate of decline in pulmonary function in adult patients with systemic sclerosis-associated interstitial lung disease. Actemra/RoActemra is the first biologic therapy approved for the treatment of the disease. The FDA approval is based on data from the focuSSced trial, a phase III randomised, double-blind, placebo-controlled clinical trial.

The company noted that this is the sixth FDA approved indication for Actemra/RoActemra since the medicine was launched in the U.S. in 2010.

Meghan 'blamed Kate and Camilla for leaking stories to the press about her'

'At least 10' of Meghan's ex-aides 'queuing up' to help with bullying probe

Mystery secret tunnel unused for centuries is discovered in back garden

London Stock Exchange moves ahead with integrating Refinitiv

  • Revenue at the company grew 3% in 2020 to hit 2.1 billion pounds ($2.92 billion), driven by growth in its FTSE Russell and clearing businesses.
  • Adjusted operating profit was up 5% at 1.1 billion pounds.

London Stock Exchange Group posted steady full year results for 2020 on Friday, announcing a 7% dividend increase as integration of its $27 billion acquisition of data and analytics company Refinitiv stepped up a gear.

The exchange said that its FTSE Russell stock indexes business in Britain and most of its other information services will be slotted into a newly formed data and analytics division, as data eclipses the group's trading operations.

"While early days, the work we have done so far confirms the quality of the business and the extent of the opportunities across the group as we focus on integration and delivering the strategic and financial benefits of the transaction," LSE chief executive David Schwimmer said in a statement.

Revenue at the company grew 3% in 2020 to hit 2.1 billion pounds ($2.92 billion), driven by growth in its FTSE Russell and clearing businesses. Adjusted operating profit was up 5% at 1.1 billion pounds.

LSE said it would pay a final dividend of 51.7 pence a share as a reflection of the "good performance and confident outlook" for the new group".

Thomson Reuters, the parent company of Reuters News, now holds a 15% stake in the exchange following the Refinitiv deal.