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Adidas warns of weakness ahead as lockdowns return

Shares in German sportswear giant Adidas (ADS) fell 6.5% to €279.40 after it said it expected sales to decline in the fourth quarter of this year as coronavirus-related lockdowns return.In its third quarter results,...

10 November 2020
Vaccine boost continues to drive FTSE momentum

UK stocks carried on climbing on Tuesday as investor sentiment continued to be buoyed by yesterday's positive vaccine news.The benchmark FTSE 100 index was up 1.27% to 6,260, following on from yesterday's 5% gain with the market...

10 November 2020
Coronavirus vaccine hopes drive further gains for FTSE on Tuesday

UK markets added to their strong Monday gains in opening trading on Tuesday as the initial shot in the arm from the Pfizer coronavirus vaccine news continued to work its magic on the mood of investors.The huge US pharma firm saw its...

10 November 2020
The story behind an 11% surge in Taylor Wimpey shares

Housebuilder Taylor Wimpey (TW.) shot to the top of the FTSE 100 leaderboard with an 11.3% gain to 137.27p on Monday. The jump came after a company update that not only pointed to full year results to December 2020 edging towards...

09 November 2020
UK stocks finish the week on the front foot

UK stocks closed in positive territory on Friday, capping a strong 5% rebound from the previous week. The monthly jobs report from the US showed a strengthened labour market with jobs increasing by 638,000 in October, above the...

06 November 2020
Premier Foods cashes in with £37 million Hovis stake sale

Cake, gravy and cooking sauces maker Premier Foods (PFD) has sold its stake in bread brand Hovis to private equity firm Endless in a deal which will strengthen the food producer's balance sheet.Shares nudged up 1.5% to a five-year...

06 November 2020
Director deals: JD Sports boss sells £19m stake, Glaxo chief buys in

Amid all the wild swings in the stock market over the past week, it has emerged that a number of bosses at big firms used the opportunity to either buy or sell shares.The biggest deal to note comes from FTSE 100...

05 November 2020
UK's biggest listed software firm AVEVA plunges into the red

Engineering software supplier AVEVA (AVV) maintained its dividend despite swinging to a surprise first-half loss as revenues fell on delays in closing new business.The UK's largest listed software company saw operating profit slump...

05 November 2020
Sainsbury's slides on restructuring and Covid costs

Shares in Sainsbury's (SBRY), the UK's second-largest supermarket group by market share, fell 2.9% to 203p after it revealed a sharp increase in costs in the first half and a major shake-up of its Argos business.Total retail sales...

05 November 2020
Alibaba left with bloody nose as Ant IPO shelved at the 11th hour

China's online shopping giant Alibaba saw more than $75 billion wiped off its market value after the shock late postponement of Ant Group's initial public offering (IPO).Ant had been set to go public on the Hong Kong and Shanghai...

05 November 2020

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