Bike and auto giant, Halfords, saw its share price jump 28 per cent this week, despite suspending its dividend to save cash. The chain, which has 446 stores and 369 garages, has been deemed ‘essential services’ by the Government and it is entitled to remain open throughout the current pandemic. While that is good news,…
The decline on the UK 100 continued for the 4th week in a row, officially sending the index into a bear market correction. This week saw some key moves by central banks across the world, with the Bank of England delivering yet another 15bps rate cut to send interest rates in the UK to a…
Supermarket giant, Morrisons has seen a share price surge after it announced a hiring spree to cope with the demands of coronavirus. Its shares jumped ten per cent, now down slightly to 190.55p at the time of writing, as it revealed that sales were now five per cent higher than this time a year ago….
British Airways owner, IAG, has threatened it could go out of business because of the coronavirus crisis as its shares have plummeted more than 60 per cent in the past month, now standing at 195p at the time of writing. Grounded flights and travel bans have hit the airline industry hard – the International Air…
High street stalwart Next saw its share price rise nine per cent in the wake of strong full-year results and confident pragmatism about the outcome of the current pandemic. The retailer revealed that its full price sales for the year ending Jan 2020 had increased four per cent, and online shopping was going strong with…
The price activity on the UK 100 this week marks the steepest one-week decline in more than a decade after two events created a global market shock. The world woke up to the news of the collapse of the Saudi-Russia alliance, effectively marking the end of OOEC + as a group after the core OPEC…