Fashion favourite JD Sports was kicked by the Competition and Markets Authority, which blocked its £90m takeover of competitor Foot Asylum, this week. Shares in the sports retailer fell 1.4 per cent after the news, although they have regained ground now standing at 518.20p at the time of writing. The UK watchdog has ruled that…

High street stalwart Marks and Spencer has relaxed covenants with its lenders until 2021, as it revealed that coronavirus is having a severe impact on its Clothing & Home business. The retailer also admitted it had not managed to cash in on any of the grocery boom that other supermarkets have enjoyed thanks to its…

Supermarket stalwart Sainsbury’s saw its stock hit the reduced section this week after unveiling desultory results and a warning of a possible £500m hit on profits. Shares in the supermarket giant fell almost three per cent in the wake of its full year results, now standing at 198.10p at the time of writing. While the…

Budget pub chain, JD Wetherspoons revealed it expects to be pouring pints again by the end of June, and that it has raised £141m to boost its liquidity. Share prices were up by nine per cent at one point this week, now standing at 974.22 at the time of writing. The funds have been raised…

The UK 100 is slightly lower this week, after the sudden collapse of crude oil prices on the WTI benchmark pressurised stock markets around the world and brought on severe risk aversion. However, the gradual recovery of crude oil prices as well as a Claimant Count change that was actually not as bad as analysts…

Primark owner, Associated British Foods, saw its share price reduced by as much as six per cent this week, as coronavirus continued to hit its budget fashion brand hard. Shares in AB Foods are now standing at 1,879p at the time of writing and the firm has announced it will cancel its interim dividend. In…