A rebound in corporate profits is expected to send European stocks to record highs by the end of 2021, a year during which massive fiscal and monetary stimulus and COVID-19 vaccines will back the recovery of the continent's economy. A Reuters poll of 24 fund managers, strategists and brokers surveyed over the past two weeks foresaw the pan-European STOXX 600 index reclaiming levels last seen before the 2020 pandemic market crash and climbing to 440 points by year's end. Based on Tuesday's close of 411.32 points, that would represent a 7% gain for the benchmark which, unlike its Wall Street peers, has struggled to keep up with the rally in global equity markets.
Which? believes Qualcomm has breached UK competition law by taking advantage of its dominance in the patent-licensing and chipset markets.
Think tank the Resolution Foundation said the government should extend COVID support measures to the end of lockdown and announce new programmes to drive growth once the economy is unlocked.