It’s not surprising that in the aftermath of Thomas Cook’s collapse this week, share prices for rival Tui have risen. The holidaymaker’s share price was 903.20p at the time of writing, down slightly after an initial ten per cent gain on Monday. Thomas Cook crashed spectacularly into liquidation under a £1.7 billion mountain of debt,…
Challenger bank, Metro, has been in free fall this week after starting its trading as an investor’s dream in 2016. The latest catastrophe to hit Metro is its decision to pull out of a £200m bond sale, which it needed to comply with EU MREL regulations. Metro’s share price fell by 30%, taking it to…
The UK market action for the week has been dominated by Brexit-related headlines. The UK Supreme Court nullified the prorogation order and paved the way for the UK Parliament to resume sitting. The week started with the troubling news of the collapse of Thomas Cook, the world’s oldest travelling agency. This news, coupled with a…
Luxury fashion brand Burberry earned kudos in the style stakes and on the stock market after its carbon-neutral London Fashion Week show attracted wide-spread accolades. Shares shot up by 37p, now standing at 2137p at the time of writing. The fashion house has seen a long period of uncertainty recently, as it implements a revised…
Shareholders in BP and Shell have struck gold as well as oil, as prices saw their sharpest rise since the first Gulf War, after a drone attack on Abquiq Saudi Arabia processing centre. The attack, which was claimed by Yemen-based Houdi rebels led to a spike in global energy prices and widespread fears for the…
It’s been a stellar year for clothing retailer Next, but its share price still slumped on Thursday when it released its sales figures for the last six months. At Thursday’s close, its share price stood at 5820p, a fall of 5.4%, after it highlighted a slow start to Autumn sales thanks to unseasonable weather. The…