What Led to the Surge in Fashion Retailers Superdry And Next Stocks?
Summary Superdry’s channel revenue from the ecommerce stream was up 33.8 per cent for FY 21. Next Plc raised its profit-before-tax central guidance for FY 21 to £720 million. UK’s fashion brands got a fresh lease of life ...
- May 06, 2021 02:27 PM BST
- Suhita Poddar
BDEV And PSN Stocks in Focus Amid Rush in Housing Transactions by Hong Kong Buyers
Summary Hong Kong citizens have been buying London homes after the UK government announced the BNO visa scheme. Since the announcement of the visa, over 50,000 homes got sold across London. Hong Kong nationals during the period of July 2020 an...
- May 06, 2021 11:07 AM BST
- Suhita Poddar
5 Diversified Retail Stocks to Look for in May
In the past twelve months, there has been a thrilling and permanent shift to online shopping around the globe. Online retailer companies have also seen a spike in their profits during the various locally imposed lockdowns. Millions of customers hav...
- May 06, 2021 09:58 AM BST
- Suhita Poddar
Mining Shares Lifted FTSE 100 Above 7,000 Level; CAC 40 up 1.40%
US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 19.96 points or 0.48 per cent higher at 4,184.62, Dow Jones Industrial Average Index surged by 156.94 points or 0.46 per cent higher at 34,2...
- May 05, 2021 07:23 PM BST
- Team Kalkine Media
FTSE 100 Holds Above 7,000 as Investors Regather Optimism
UK shares recorded a meaningful rise on Wednesday, 5 May, with the benchmark FTSE 100 rallying more than 1 per cent to reclaim the psychological level of 7,000. The index breached the level within the opening hours of trade as investors rushed in a...
- May 05, 2021 05:59 PM BST
- Abhijeet
FTSE 250 listed Virgin Money UK returned to profit as benefitted by reduced impairment charges
Summary VMUK had reported an underlying profit of £245 million during H1 FY21. The RoTE (“Return on Tangible Equity”) stood around 10.1% during H1 FY21. VMUK had maintained an underlying cost to income ratio of approximately ...
- May 05, 2021 05:07 PM BST
- Team Kalkine Media
Spotlight On 3 FTSE 250 Real Estate Stocks as March Sees Strongest Mortgage Borrowing
Summary Net mortgage borrowing in the month of March was the strongest since 1993, at £11.8 billion. Mortgage approvals for buying a house was at 82,700, up from 73,000 in February. The housing market was primarily driven by homebuyers f...
- May 05, 2021 05:01 PM BST
- Suhita Poddar
Lens On 3 Oil & Gas Stocks as Shell Divests US Refinery
Summary Royal Dutch Shell Plc to divest its Puget Sound Refinery in Washington to HollyFrontier Corp. The agreement has been finalised at $350 million in cash. The company would also additionally pay $150 million to $180 million for the invent...
- May 05, 2021 03:17 PM BST
- Suhita Poddar