JD Sports buys Shoe Palace in $325 million deal

European markets have edged up this morning, with commodities pushing up the FTSE 100, which is currently gaining 0.4% on the day. The biggest riser is JD Sports which is up over 6% as they announce a deal to buy US sportswear brand Shoe Palace for $325 million in an all cash deal. The dealContinue reading “JD Sports buys Shoe Palace in $325 million deal”

Oil gains on OPEC+ cut talks

OPEC+ will resume talks today with a view to planning for 2021 and the continuation of output cuts to support the oil price in a time when demand is lower as the world recovers from the pandemic. A deal is expected to be reached for cuts of 7.7 million barrels per day which has seenContinue reading “Oil gains on OPEC+ cut talks”

Stocks swing to loss as Covid-19 surge hits optimism

European shares have followed Wall Street into the red this morning as a worrying rise in Covid cases sees jittery investors sell off stocks. Hot off the heels of the positive news that Pfizer’s vaccine was up to 95% efficacy, the US death count hitting the milestone 250,000 mark caused markets to slide. This showsContinue reading “Stocks swing to loss as Covid-19 surge hits optimism”

Second effective vaccine fuels rally, Tesla joins S&P

Dominating headlines yesterday was the news that Moderna’s Covid-19 vaccine has proven 94.5% effective in a late-stage trial, a week after Pfizer reported similar results in its own trial. More data is expected from the study later this month, and Moderna said that it plans to ask health authorities to clear the vaccine by earlyContinue reading “Second effective vaccine fuels rally, Tesla joins S&P”

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