After a lackluster to the week which was a day short due to the Easter weekend holiday, the UK 100 was able to stage further recovery on Thursday, as signs that the US would soon reopen for business lifted the mood of investors across the Atlantic. Today’s price action is also seeing a bullish spurt,…
The hospitality industry has taken a big hit as pubs and restaurants have been forced to close for weeks, with no immediate end to lockdown in sight. Mitchells & Butler, which owns Harvester and Toby Carvery, has been one casualty with share prices sliding 7.5 per cent this week. Last month, the pub chain said…
The wheels are still turning for coach operator National Express, which saw a surge in its share price despite its operations mainly stalling. National Express issued an update on its state of play through the current coronavirus crisis, which has sent its share price soaring from 90.4p in the middle of March to 240.80p at…
Pest control specialist Rentokil saw its shares bounce back five per cent this week after it reported a rise in group revenue and revealed a raft of cost saving measures. In its first quarter results, revenue was up by six per cent to £634 million from £603 million a year previously. Sales had been up…
The UK 100 was able to stage some form of recovery this week on the back of generalized positive sentiment in global stock markets. The only bleep for the week occurred on Tuesday when news of UK PM’s hospitalization hit the markets. However, this was quickly shaken off and positive sentiment continued to lift the…
Fashion favourite, ASOS, saw a share price surge of over 28 per cent after it announced it had raised £247m from shareholders to see it through the current crisis. The online retailer has been significantly affected by the global pandemic as the closure of other brands high street stores have failed to translate to an…