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 holds near 12-week high, with energy stocks soaring

The price of oil held at over $43 a barrel in overnight trading on Sunday and into this morning’s European open, its highest level since early September. That follows the third straight week of gains for oil prices, as progress towards a widely available Covid-19 vaccine has raised hopes of an improvement in energy demand.Continue reading “Oil holds near 12-week high, with energy stocks soaring”

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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