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Asos (LON: ASC) In Talks to Buy Arcadia’s Famous Brand Topshop
Retail Stocks

Asos (LON: ASC) In Talks to Buy Arcadia’s Famous Brand Topshop

Summary British online fashion giant Asos is in talks with administrators of Arcadia retail. The trend of acquiring the high-street brands has been picking up steam in the aftermath of the Covid-19. Boohoo is said to be in talks to acquire Deb...

BP’s (LON: BP.) CEO Bernard Looney and his restructuring plans
Oil and Gas Stocks

BP’s (LON: BP.) CEO Bernard Looney and his restructuring plans

Summary BP is aiming to cut down on fossil fuels and switch to renewable sources of energy by 2030. The oil and gas company had announced 10,000 jobs last year as a part of its restricting plan. A wind of change has been blowing in BP PLC ...

FTSE 100 likely to open higher as GBP recoups 1.37 vs USD 
Market updates

FTSE 100 likely to open higher as GBP recoups 1.37 vs USD 

UK stock markets are likely to open a tad higher on Monday, 25 January, tracking the largely upbeat Asian cues with Japan’s Nikkei 225 trading up. The futures linked to the benchmark FTSE 100 inched higher in the wee hours indicating a positive...

TikTok rival Kuaishou Launches IPO in Hong Kong
IPO

TikTok rival Kuaishou Launches IPO in Hong Kong

Summary Kuaishou Technology, which specialises in video editing and live-streaming software, is seeking a stock market floatation worth $5.4 billion through an IPO. The tech company is eyeing a market capitalisation of around $60.9 billion. Bi...