Market wrap: London stays open and sees shares and pound rise September 9, 2022 Markets in London traded as usual on Friday, and saw shares and the pound trade higher. The London Stock Exchange confirmed that it planned to maintain normal opening hours after the death of the Queen, but would close during any public holidays. The FTSE 100 joined an international rally, which saw global markets break out [...]
Cricket, golf, horse racing and rugby union suspended following Queen’s passing September 9, 2022 Friday’s second day of play in the deciding Test between England and South Africa at the Oval has been postponed following the death of Queen Elizabeth II. It is among several sporting fixtures to be called off following the monarch’s passing, including in golf, horse racing and rugby union. Other sports could follow suit. The [...]
London’s FTSE 100 kicks higher ahead of Truss energy package September 8, 2022 London’s FTSE 100 kicked higher today after new prime minister Liz Truss launched an around £130bn cost of living support package. The capital’s premier index climbed 0.33 per cent to 7,262.06 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added 0.36 per cent to [...]
Paul Stephens Porsche 993R review: past master August 30, 2022 The 993R from Paul Stephens is a restomod Porsche 911 that combines old-school charisma with ferocious modern performance. We drive it.
London’s FTSE 100 struggles for direction ahead of Jackson Hole August 25, 2022 London’s FTSE 100 struggled for direction today driven by investors seemingly holding positions until central bankers signal at Jackson Hole how firm they will be with taming inflation. The capital’s premier index added 0.11 per cent to reach 7,479.74 per cent, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health [...]
Sharpening inflation concerns weigh on FTSE 100 retailers August 23, 2022 Sharpening concerns over high inflation triggering a slowdown in consumer spending weighed on London markets today. The capital’s premier FTSE 100 index dropped 0.61 per cent to 7,488.11 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.99 per cent to 19,306.89 points. Retailers [...]
JD Sports appoints former B&Q exec as CEO August 2, 2022 JD Sports has named former B&Q executive Régis Schultz as new CEO, as the sportswear retailer hopes to put a slew of negative headlines behind it. Schultz is anticipated to join the London-listed retailer in September, with interim boss Kath Smith to resume her former role as a senior independent director on the board. He [...]
JD Sports sells Footasylum to private equity firm after watchdog crackdown August 1, 2022 Trainer seller JD Sports has inked a deal to hand over Footasylum to Aurelius Group for £37.5m, following competition concerns. In recent weeks, JD Sports had been rumoured to be in talks with the German private equity group about selling the high street brand, which it attempted to takeover in 2019. JD said the sale [...]
Kit hits the fan: Retailers running out of England Women’s shirts ahead of Euros final July 28, 2022 Retailers are running out of England Women’s football shirts ahead of the Lionesses’ Euro final against Germany on Sunday. The official England online store, kit maker Nike’s website and a host of high street retailers had sold out of all but extra-small women’s home shirts, which are priced at £75, on Thursday. “We have seen [...]
JD Sports set to announce former B&Q executive as new CEO July 26, 2022 A former boss at B&Q is being touted to take the reins at JD Sports Fashion to replace the brand’s long-term CEO who stepped down over board disagreements. Frenchman Regis Schultz is set to take over at the sportswear fashion giant according to Sky News’ Mark Kleinman. City sources said the agreement could be signed [...]