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Market report: Retail in the wars again as Superdry warns and Dixons profits hit as political unrest drags on pound featured picture

Market report: Retail in the wars again as Superdry warns and Dixons profits hit as political unrest drags on pound

Political events continue to dominate the news agenda even for investors with the pound plunging back below $1.25 as confirmation filters through that Theresa May faces a no confidence vote from her own party. Conservative MPs will vote this evening, either backing the Prime Minister or hoping to shunt her aside for new leadership. Yet UK stock markets take that news in their stride, with ...
WPP’s shares jump after it reveals how the business plans to get back on track featured picture

WPP’s shares jump after it reveals how the business plans to get back on track

Shares in advertising giant WPP (WPP) have risen by 3.5% to 833.4p after it unveiled details of its future strategy under new chief executive Mark Read (pictured below). Read, an internal appointment to replace founder Martin Sorrell after his controversial exit earlier this year, started at the helm in September and has seen the shares steadily slide (against a weak market backdrop) under ...
Market report: Ashtead advances on earnings beat, WPP up on new growth plan featured picture

Market report: Ashtead advances on earnings beat, WPP up on new growth plan

UK markets are starting to bounce back after yesterday’s Brexit calamity. The FTSE 250, which is considered the benchmark index for UK-focused companies, nudges up 0.2 points to 17,493, although that still leaves it trading well below the 21,324 year-to-date high. The FTSE 100 achieves a stronger lift, advancing 24 points to 6,746 off the back of gains in the mining and oil sectors, plus support ...
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