Shares of Boohoo Group rebounced more than 27% | UK Market Update

  • Jul 10, 2020 BST
  • Team Kalkine

Quarantine rules end today for people travelling to the UK from more than 70 countries and British Overseas Territories. People will no longer have to isolate for 14 days or provide an address where they are staying. The rules covered people arriving by air, sea or train, and also included UK nationals. But now travellers arriving into England, Wales and Northern Ireland from 58 countries and 14 British Overseas Territories deemed low risk are exempted. Countries not on the list include the US, Canada, Portugal, Sweden, Mexico, Brazil, Russia, Iran, India, Pakistan, Bangladesh and China amongst others.

Developers have been given permission to rebuild Manston airport as an international cargo and passenger hub after ministers overruled the planning inspectorate’s recommendation to reject the scheme. The airport in Kent could open by 2023, handling up to 10,000 cargo flights a year as well as passenger services, with construction starting as early as next year. The plans have divided local communities, with some welcoming the promise of additional jobs but others dismayed at the noise and pollution airport expansion will bring.

Shares in Boohoo Group rebounded more than 27% on Thursday after analysts and investors were reassured by the online fashion specialist’s plan to clean up its supply chain. The company recovered nearly £770m in value after Boohoo’s City broker held a call with major investors in the UK and US on Wednesday night, after the market had closed, dealing with queries from more than 250 investors about plans to invest £10m to improve conditions in factories in Leicester, where 40% of its clothes are made.

#uknews #Boohoo #stockstowatch #kalkine

 


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