PLUS: JD Sports is benefitting from a shift to casual attire, Purplebricks sold itself for £1 and China tech giant Tencent returned to growth during Q1.
PLUS: the BoE had mixed UK labour market data to chew on, Boohoo shares surged despite swinging to a loss and both sides are hopeful an agreement can be reached to stop the US defaulting on its $31tn in debt.
PLUS: Centre Parcs was put up for sale by its private equity owner, and electrical retailer Currys raised its profit outlook after strong UK demand.
PLUS: The UK economy unexpectedly declined in March and AngloGold looked past London for its primary stock listing
PLUS: Rolls Royce is making progress (but not enough progress), ITV suffered from an advertising slowdown, and banking fears are back in focus in the US after PacWest sheds 10% of deposits.
The eCommerce retailer saw shares slump 23% as losses widened, Wetherspoons posted bumper bank holiday-fuelled quarterly results and TUI shares sunk, despite nearing pre-pandemic summer bookings.
The sports retailer made a €325m offer for France-based Groupe Courir, Pearson attempted to soothe investor fears over ChatGPT and UK retail sales held firm for April.
The UK fintech launched a scathing attack on the UK regulatory environment, HSBC defeated its largest shareholder in a proxy battle to split up the bank and British Airways’ owner IAG returned to profitability.
Vodafone and Three are on the verge of creating the UK’s biggest telecoms business, Shell plans to dish out £4bn more to investors following bumper Q1 profits and the UK service sector showed continued strength in April.
The UK’s financial regulator proposed measures to help stem an exodus from London’s markets, Lloyds suffered despite better than expected Q1 profits, Flutter gained more market share in the US and GSK spinout Haleon’s profit missed the mark.
Education stocks slumped on Tuesday after Chegg’s AI warning, HSBC continued a strong quarter of bank earnings, BP’s shares nosedived after slowing share buybacks and Morgan Stanley announced more job cuts.
The German powerhouse acquired leading UK mid-market adviser Numis, Natwest shares dived after deposit outflows spooked investors, Moneybox are cooling on crypto and JP Morgan scooped up First Republic following the bank’s collapse.
