moneymarkets

Selfridges cashes in on vegan trend to book healthy sales over the festive spell

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Selfridges cashes in on vegan trend and new toy section to book healthy sales over the festive spell Selfridges’ sales of vegan confectionery almost doubled in the run-up to Xmas Men’s clothing was another strong area with an increase of 11 per cent Retailer recently opened a new 22,000 square foot toy section in London By This … Read more

Liquidity injection from China’s Central Bank turns the trading screens green on New Year’s

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MARKET REPORT: New Year Beijing bounce for stock markets as China central bank pumps an extra £87bn into the economy  Chinese Central Bank gives the market a whooping £87billion kick-start  Move comes off the back of the US-China trade war and a weak year for the SSE  FTSE, DAX, and the DOW were nudged up … Read more

Former Goldman Sachs banker pleads guilty to insider trading 

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Former Goldman Sachs investment banker pleads guilty to insider trading By Daily Mail City & Finance Reporter Published: 21:54 BST, 7 January 2020 | Updated: 22:37 BST, 7 January 2020 A former Goldman Sachs investment banker linked to an insider trading ring has admitted fraud. US prosecutors say Bryan Cohen, 33, passed confidential information about … Read more

Morrisons on track to hit its profit target despite a sales slip in the crucial Christmas run-up

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Morrisons sales slipped in the crucial Christmas run-up but stays on track to hit profit target as it eyes more store conversions Morrisons revealed 1.7% fall in sales excluding fuel for 22 weeks to 5 January Despite this full-year profits remain on track to match forecasts Shares in the supermarket rose 2.9% to 198p following the update … Read more

Fraud claims against tech tycoon Mike Lynch ‘plucked from the air’

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Fraud claims made against UK tech tycoon Mike Lynch’s were ‘plucked from the air’, court told By Daily Mail City & Finance Reporter Published: 21:51 BST, 6 January 2020 | Updated: 21:51 BST, 6 January 2020 A judge has been urged to dismiss ‘manufactured’ fraud claims against Mike Lynch as the British tech tycoon’s trial … Read more

MARKET REPORT: American vaping retreat lights up tobacco stocks

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London’s leading tobacco firms lit up the stock market after US authorities announced a less extreme crackdown on e-cigarettes than they had been expecting. Footsie stalwarts British American Tobacco and Imperial Brands had been bracing for a blanket ban on e-cigarette flavours. The US government will eliminate fruit, dessert and mint flavours to curb what … Read more