Frasers Group lifts stake in Boohoo

by | Jul 31, 2023

(Sharecast News) – Mike Ashley’s Frasers Group has upped its stake in fast-fashion retailer Boohoo.
According to a regulatory filing on Monday, the company – which owns Sports Direct, House of Fraser and Flannels, among others – has lifted its stake to 7.8% from 6.8%

Capita signs two new contracts worth £565m

Sep 21, 2023 | News and Announcements

(Sharecast News) - Outsourcing group Capita said it has signed two new contracts with the UK and Northern Ireland governments worth a combined £565m. Four months after Capita was selected as the preferred bidder, the group has now confirmed it has sealed the deal to...

Halma sticks to full-year targets after solid H1 progress

Sep 21, 2023 | News and Announcements

(Sharecast News) - Safety equipment group Halma said it expects deliver good underlying growth in the first half, as it maintained full-year guidance. The company reported on Thursday that it has made "further progress [...] despite varied market conditions" in the...

JD Sports see FY in line as strong demand boosts lifts H1 profits by 25%

Sep 21, 2023 | News and Announcements

(Sharecast News) - UK sportswear retailer JD Sports Fashion said it was still on track to deliver a 5% rise in annual profit after interim earnings rose by more than a quarter driven by strong sales despite the cost-of-living crisis. It expects to post pre-tax profits...

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Shore Capital hails impressive first half from JD Sports

Sep 21, 2023 | The Broker

(Sharecast News) - Shares in JD Sports Fashion surged on Thursday morning after the sportswear retailer beat forecasts with its interim results, with broker Shore Capital hailing "significant progress" as it reiterated its 'buy' rating on the stock. Pre-tax profit...

Time for Japan to act (II): State Street Global Markets

Sep 21, 2023 | Featured

Written by Michael Metcalfe, Head of Macro Strategy, State Street Global Markets Writing ahead of the September BoJ gathering in 2022, we argued in Time for Japan to act (first edition!) that the authorities should begin monetary tightening both through moving the...

FOMC maintains hawkish stance – Fidelity International comments

Sep 21, 2023 | Featured

Commenting on this yesterday's decision by the FOMC to hold interest rates, Salman Ahmed, Global Head of Macro & Strategic Asset at Fidelity International said: “As expected, the FOMC decided to not raise rates at its September meeting and retained the hawkish...

London open: Retail stocks gain, but markets hit by Fed comments

Sep 21, 2023 | UK Through The Day

(Sharecast News) - UK stocks retreated on Thursday as investors' appetite for risk declined in the aftermath of some hawkish comments from the Federal Reserve, as markets look ahead to an uncertain monetary policy decision from the Bank of England. London's FTSE 100...

Europe open: Shares slide on hawkish Fed as eyes turn to BoE

Sep 21, 2023 | Europe

(Sharecast News) - European stocks opened in the red on Thursday after hawkish comments from the US Federal Reserve on future rate rises dampened sentiment and investors turned their attention to the Bank of England's own policy meeting. The pan-European Stoxx 600...

Capita signs two new contracts worth £565m

Sep 21, 2023 | News and Announcements

Rise in UK borrowing limits Hunt’s scope for tax cuts

Sep 21, 2023 | Economic News

(Sharecast News) - Britain's budget deficit in August was slightly higher than expected, according to official data published on Thursday, meaning Finance Minister Jeremy Hunt will have less scope for tax cuts ahead of the General Election. Public sector net borrowing...

London pre-open: Big falls expected as Fed sets hawkish tone

Sep 21, 2023 | UK Through The Day

(Sharecast News) - UK stocks are expected to retreat from a fresh four-month high on Thursday after comments from the Federal Reserve sunk indices on Wall Street the previous evening. Meanwhile, nerves were starting to show ahead of the Bank of England's policy...