The journey of online clothing retailer ASOS (ASC) on the stock market has been a pretty extraordinary one. It started life as a penny stock on AIM ? when Shares first covered the story in 2003 it traded at 4.5p.Within a little less than five years the share price had reached more than £4, by 2014 it had hit £70 and, after another retreat, at its 2018 height it traded close to £80. Even its pan

The FTSE 100 achieved a solid gain and almost hit its best-ever level on Friday, with its mining and oil producing contingent sparing it from declines seen in equities elsewhere.Shares in Frankfurt and New York failed to find their feet as investors fretted over rising tensions and US interest rate worries.The FTSE 100 index ended up 71.78 points, 0.9%, at 7,995.58, closing below the 8,000 point m

Kitwave shares up 41% year-to-dateCash and banking facilities funded purchaseTotal Foodservice has around 4,000 product linesShares in Kitwave (KITW:AIM) were up 4.5% to a new all-time high of 372p in morning trading as the food and drink wholesaler announced it was buying Total Foodservice, a leading independent food wholesaler in the North of England for £21 million.The purchase has been made i

Equities in London underwhelmed heading into Wednesday afternoon, with the mood tempered by another robust UK consumer price index reading, which may force the Bank of England to dig deeper to contain inflation.A hike on Thursday by Threadneedle Street is a foregone conclusion. Wednesday data means a half-point rate lift may be on the table. The BoE had been expected to enact another 25 basis poin

Can embattled retailer ASOS bounce back into fashion with investors?The online fast-fashion retailer is wrestling with weak consumer demand and cash flow pressuresHalf-year results on 10 May from ASOS (ASC) will give investors a read into how 20-something fashionistas are coping with the cost-of-living crisis, as well as an update on progress against new CEO Jose Antonio Ramos Calamonte's 'Driving

London shares prices were trading firm at midday on Monday and the FTSE 100 was inching back up toward its recent record high, as investors cautiously awaited fresh UK economic data in the week ahead.'Back above the 7,900 mark and within striking distance of its recent all-time highs the index continues to build on its gains of recent months, but the confidence that remains is about as fragile as

Share prices started the new week mostly higher, as investors looked past a dismal UK economic reading on Friday to fresh data due for release in the days ahead.Wage and price inflation readings will be particularly influential on the thinking of the Bank of England, as interest rate hikes remain on the agenda for central banks globally.'The general state of the British economy is not a concern fo

Share prices in Europe were rising early Tuesday, following strong sessions in the US and Asia overnight, while in London, the reversal of most of the mini-budget measures was continuing to improve sentiment.The gilt market remained in focus. The Financial Times reported that the start of the bond sales by the Bank of England, part of the central bank's quantitative tightening programme, may be de

New UK Chancellor Jeremy Hunt reversed the majority of his predecessor's mini-budget on Monday, in an attempt to calm investors nerves in London, which was showing signs of working as the FTSE 100 and pound both moved higher.Hunt issued an emergency statement as he sought to restore stability following weeks of turmoil. He confirmed he is ditching many of the measures in the mini-budget, including

Covid cast a pall on many businesses but there were winners and food delivery drivers were among the lockdown heroes. I remember the unholy glee felt by the entire family when that insulated bag stuffed with cardboard cartons walked through the garden gate after what seemed like months of home cooked meals.Everyone seemed to get in on the action and the number of options available to order through

Lately-unloved fashion brand Ted Baker (TED) is being looked over by Sycamore Partners regarding a possible buyout of the UK company. The US private equity firm confirmed on Friday (18 March 2022) that it is in the 'early stages' of a possible cash offer for the London-headquartered clothing retailer.Shares in Ted Baker jumped more than 20% to 119.5p after the confirmation, having rallied 10% duri

The dramatic tightening of sanctions against Russia for its invasion of Ukraine hurt stock prices on Monday and sent oil prices back above $100 a barrel, but the shares of arms makers were rising after Germany said it will step up its military spending.The US and EU said they would exclude some Russian banks from the international bank payments system Swift and personally targeted Russian Presiden

THIS IS AN ADVERTISING PROMOTIONTrackwise Designs (TWD:AIM) is a UK manufacturer of innovative, specialist printed circuit products. The company was founded in 1989 and listed on the Alternative Investment Market in July 2018.Over the past 30 years, Trackwise has developed a strong track record of manufacturing high-quality printed circuit technology, serving customers across Europe, North America

Trackwise Designs (TWD:AIM) is a UK manufacturer of innovative, specialist printed circuit products. The company was founded in 1989 and listed on the Alternative Investment Market in July 2018.Over the past 30 years, Trackwise has developed a strong track record of manufacturing high-quality printed circuit technology, serving customers across Europe, North America, Asia and Australia. The compan

The UK's FTSE 100 gained strength through the afternoon session on Friday to end up on the day and finish the week around 1.7% higher.At the close, the UK benchmark index was 26.10 points, or 0.4% higher at 7,136.07, just below the day's peak of 7,139.08 and well above the session low of 7,109.79.On Wall Street around London's close, the Dow Jones Industrials Average was 234 points, or 0.7% higher

The UK's FTSE 100 managed to keep its head just above water in early afternoon trade on a typically dead Friday for corporate news. At 12.30pm, the benchmark index had clung on to single-digit gains - about 0.12% - to trade at 7,118.84, putting the blue-chips firmly on track to end the week around 1.5% ahead.Tantalising investors more is the expectation of an active session on Wall Street when the

London's FTSE 100 firmed 0.15% to 7,120.45 early on Friday, with energy stocks leading the way, following the announcement of US President Joe Biden's $952 billion bipartisan infrastructure agreement.Large government spending plans once again came to the rescue of the markets, with US stocks racing ahead last night, which drove gains across Asia on Friday.US banks also passed their stress tests, a

It might not seem like it in the depths of a gloomy lockdown winter, but brighter days are ahead of us. By mid-February the UK hopes to have vaccinated most over-70s, with a large chunk of over-50s potentially covered by the end of March.This cohort should then be much better protected against Covid-19 and that could result in a new spending spree.Getting the vaccine should allow for the gradual r

UK stocks ended the last full day of trading of 2020 in the red after the Government placed large swathes of the country under the tightest restrictions with three-quarters of England in tier four and almost all the rest in tier three from tomorrow.Parliament passed the necessary legislation to ratify the Brexit deal announced on Christmas Eve.The FTSE 100 index of leading stocks closed 0.71% lowe

UK stocks dipped into negative territory at midday Wednesday in quiet trading ahead of the last session of the year. Parliament was recalled for an emergency session to approve the Brexit deal ahead of the deadline.The pound gained almost 1% against the US dollar to trade at $1.36 and Brent crude prices were also 1% ahead at $51.6 a barrel.At 12pm the FTSE 100 index of leading stocks was 0.1% lowe