The UK 100 has had a bad week leading up to the UK elections on December 12. A lot of this week’s underwhelming performance of the UK 100 could be ascribed to the risk-off sentiment assumed by global stock and commodity markets on Monday and Tuesday. This was after a dampening of the mood around…
Homeware retailer, Dunelm, has defied the Christmas retail gloom, announcing it expects to exceed its full year expectations after a positive customer response to a new website. The news sent share prices soaring by 19 per cent, to 995p at the time of writing, the highest it has been since March 2016. Along with the…
Online supermarket Ocado has surprised shareholders with the news that it’s looking to raise £500m via a convertible bond offering. The supermarket chain, which is best known for online deliveries in the UK, said it would use the proceeds of the bond to fund the build of new robotic warehouses. The news sent shares plummeting…
After a strong Black Friday, online fashion retailer Boohoo’s cofounders made a surprise share sale, offloading a 4.3 per cent stake, worth around £143m. The sale sent Boohoo’s share price down by 4.7 per cent to 279.40p at the time of writing. Despite the sale, co-founder and executive director Carol Kane and co-founder and executive…
This week has been a relatively quiet one on the domestic scene, as far as Brexit and UK politics is concerned. The biggest headline was the release of the YouGOV MRP poll, which projected a Conservative Party majority victory in the elections. This has had a moderate positive impact on the UK 100 , which…
Despite posting a pre-tax loss of £232 million, Virgin Money’s share price has jumped 22 per cent. The banking group blamed PPI pay-outs and the costs associated with its merger with Clydesdale and Yorkshire Bank group for the loss, and its share price hasn’t suffered now standing at 176.3p at the time of writing. Virgin…