Pub devastated after new £25,000 outdoor area burns down day before reopening

Queen orders no military uniforms at funeral 'to spare Harry embarrassment'





Rugby: All Blacks star TJ Perenara in talks with Sydney Roosters for shock NRL switch – report

All Blacks star TJ Perenara is reportedly considering a shock code switch to the NRL.

1 News are reporting that Perenara is “seriously considering” the switch after the Sydney Roosters reached out to his agent Warren Alcock.

“We are talking to NZR and other parties that have approached us,” Alcock told 1 NEWS.

It is reported that the Roosters would wish to play Perenara at hooker.

– More to come

One dead and three injured in stabbing frenzy in residential area


TSMC Q1 Net Income Rises – Quick Facts

TSMC (TSM) reported first quarter net income of NT$139.69 billion, and earnings per share of NT$5.39 or $0.96 per ADR unit, up 19.4% from prior year. Consolidated revenue was NT$362.41 billion, an increase of 16.7%. In US dollars, revenue was $12.92 billion, an increase of 25.4% year-over-year.

“Our first quarter business was supported by HPC-related demand, balanced by a milder smartphone seasonality than in recent years,” said Wendell Huang, Chief Financial Officer of TSMC.

For the second quarter, the company expects revenue to be between $12.9 billion and $13.2 billion.

Treasury yields drift lower ahead of jobless claims and retail sales data

  • The Labor Department is set to report on the number of unemployment insurance claims filed last week at 8:30 a.m. ET Thursday.
  • March retail sales are also set to come out at 8:30 a.m. ET.

U.S. Treasury yields drifted lower on Thursday morning, ahead of the release of weekly jobless claims and monthly retail sales data.

The yield on the benchmark 10-year Treasury note fell to 1.617% at 3:40 a.m. ET. The yield on the 30-year Treasury bond dipped to 2.297%. Yields move inversely to prices.

Treasurys

The Labor Department is set to report on the number of unemployment insurance claims filed last week at 8:30 a.m. ET Thursday. Economists polled by Dow Jones expect to see another 710,000 claims filed for the first time during the week ended April 10.

March retail sales are also set to come out at 8:30 a.m. ET and are expected to have jumped 6.1%, versus a 3% decline in February.

The April National Association of Home Builders housing market index is set to be released at 10 a.m. ET.

Auctions are due to be held Thursday for $40 billion of 4-week bills and $40 billion of 8-week bills.

Passenger collapses at Heathrow 'after waiting seven hours in border queue’




AO World FY Group Revenues Up 62% To £1.66 Bln

AO World Plc (AO.L) issued trading update for the full year ended March 31, 2021, and said it delivered a strong performance across all aspects of the business, stepping up to, and capitalising on, the challenges and opportunities presented by the Covid pandemic.

The company’s group revenues rose by 62% to £1.66 billion, with momentum continuing in the fourth quarter. AO.com, the company’s UK website, increased year-on-year revenue by 88% in the fourth quarter, and AO.de, its German website, increased full year revenue by 77%.

Further, the company noted that it expects group Adjusted EBITDA, despite Covid-related costs, to be in the range £63 million – £72 million versus last year’s £19.6 million, and in line with market consensus.

The Group generated £60 million of cash over the year, with cash of £66.5 million at the year end.

German constitutional court strikes down Berlin rent cap

Germany's Constitutional Court ruled on Thursday that a law putting a rent cap on apartments in Berlin is invalid.

The state of Berlin does not have the authority to enact the law, as the federal government is responsible for such decisions, the court said in its ruling.

"There is no room for the legislative power of the federal states due to the power of federal law to block it," said the court.

The rent cap came into force on Nov. 23, 2020, forcing landlords to cut rents for more than 300,000 tenants and freezing them at that level for five years.

The real estate industry had criticized the measures as unconstitutional, while some experts have said the rent freeze could worsen Germany's housing crisis by scaring off real estate investors eager to build in urban centres.

Shares in property companies with assets in Berlin, including Deutsche Wohnen and Vonovia , rose on the ruling.

Pub devastated after new £25,000 outdoor area burns down day before reopening