UK GDP Growth Accelerates In November

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James Hoffmann is one of the most followed men in caffeine. Here’s an illustrated look at how he became an expert.

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Xeris Biopharma Reaffirms 2021 Pro Forma Net Sales Guidance – Quick Facts

Xeris Biopharma Holdings, Inc. (XERS) has reaffirmed its 2021 pro forma net sales and year-end cash balance guidance. The company said it has ended 2021 on a strong note with continued growth of Gvoke and Keveyis, delivering net sales at the upper end of its guidance range, and over $100 million of cash, cash equivalents.

“2022 is off to a good start with an additional $30 million from the recent capital raise on our balance sheet and the near-term launch of Recorlev,” said Paul Edick, Chairman and CEO of Xeris Biopharma.

888 Holdings FY21 Revenue Up 14% – Quick Facts

888 Holdings Plc (888.L) issued a post-close trading update for the 12 months ended 31 December 2021. Total revenue was $972 million, up 14% from last year. The Group said its revenue growth was driven by continued success of its product-leadership strategy and continued expansion in regulated markets. B2C revenue increased 15% to $934 million, led by casino.

Fourth quarter revenue was $214 million, down 16% from a year ago. The Group noted that the decline was in-line with Board expectations.

Opinion | Why Are Progressives Hating on Antitrust?

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Nuggets’ Bol Bol undergoing foot surgery following voided trade, source says

Nuggets forward Bol Bol is undergoing foot surgery following his voided trade to Detroit last week, a league source told The Denver Post.

Bol, who was largely injury-free since being drafted by the Nuggets in 2019, had left foot surgery during his lone season at Oregon.

The Nuggets agreed to trade Bol to the Pistons for Rodney McGruder and a second-round pick, but the deal was voided after Bol failed a physical.

When asked about the voided trade, Nuggets coach Michael Malone said last week, “We feel he’s healthy.”

The Athletic first reported the news.

Fathom Digital Manufacturing Shares Up 11%

Shares of Fathom Digital Manufacturing Corp. (FATH) gained over 11% on Tuesday morning despite no stock-related statement from the company to drive the shares.

FATH is currently trading at $8.79, up $0.90 or 11.41%, on the Nasdaq.

Fathom Digital Manufacturing, a digital manufacturing platform, provides product development and manufacturing services in North America. It provides plastic and metal additive, CNC machining, injection molding and tooling, sheet metal fabrication, and design and engineering services for the technology, defense, aerospace, medical, automotive, and IOT sectors. The company was founded in 2008 and is based in Hartland, Wisconsin.

Charles Schwab Q4 Profit Rises, But Results Miss Estimates – Quick Facts

Charles Schwab Corp. (SCHW) reported Tuesday that net income available to common shareholders for the fourth quarter grew to $1.58 billion or $0.76 per share from $1.14 billion or $0.57 per share in the year-ago quarter.

Excluding items, adjusted earnings for the quarter were $0.86 per share, compared to $0.74 per share in the prior-year quarter.

Net revenues for the quarter grew 13 percent to $4.71 billion from $4.18 billion in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.88 per share on revenues of $4.79 billion for the quarter. Analysts’ estimates typically exclude special items.

UK GDP Growth Accelerates In November

The UK economy expanded at a faster pace in November underpinned by services activity, data from the Office for National Statistics showed on Friday.

Gross domestic product grew 0.9 percent month-on-month in November, faster than the revised 0.2 percent expansion registered in October and the economists’ forecast of 0.4 percent.

GDP was estimated to be above its pre-coronavirus pandemic level for the first time, by 0.7 percent.

In November, there was an increase in output in all sectors, with services output the main driver of GDP growth. Services output grew by 0.7 percent.

Production output increased 1.0 percent from last month. This followed two consecutive months of negative growth, with a fall of 0.5 percent in October and a decrease of 0.7 percent in September.

Manufacturing was the largest contributor to production growth in November, increasing by 1.1 percent. At the same time, construction output grew 3.5 percent, following a fall of 1.7 percent in October.

In a separate communiqué, the ONS said the visible trade deficit declined to GBP 11.34 billion in November from GBP 11.81 billion in October. In November, exports grew 8.5 percent and imports climbed 4.9 percent.

The surplus on services trade totaled GBP 11.96 billion, largely unchanged from the previous month. Consequently, the total trade surplus increased moderately to GBP 626 million from GBP 151 million a month ago.