Daily Archives: September 3, 2020

Big battalion investors back Hut Group flotation

A roster of big-name investors has backed The Hut Group as it plans to list on the stock market for £4.5billion.  The Manchester-based online retailer, which owns websites such as Look Fantastic and nutrition brand Myprotein, confirmed that it will go ahead with its blockbuster listing in what could easily …

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Jet2 prices must remain ‘enticing’ to holidaymakers

Prices must remain ‘enticing’ to attract cautious holidaymakers as more countries are added to the UK’s coronavirus quarantine list, Jet2’s owner said.  Dart Group said winter 2020-21 bookings have yet to match capacity cuts, although bookings for summer 2021 are ‘encouraging’.  Suffering: Travel firms have been affected by the number of …

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Shares in troubled Capita jump as suitors eye firm

Shares in troubled Capita jumped after the Daily Mail revealed that private equity suitors were eyeing the firm.  City sources told this newspaper that CVC was weighing up a bid for the outsourcer, which collects the TV licence fee for the BBC and runs the charging system behind London’s congestion …

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GlaxoSmithKline begins coronavirus vaccine trials

GlaxoSmithKline has stepped up its battle against Covid-19 with clinical trials of a potential vaccine it is developing with French drug maker Sanofi.  The early-stage study will evaluate how safe the vaccine is and what kind of immune response it triggers in 440 healthy adults tested at 11 sites across …

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MARKET REPORT: UK investors hit by US tech stock sell-off

British investors were caught in the crosshairs of a sharp sell-off in technology stocks that rocked US markets.  On Wall Street shares in tech giants including Tesla, Apple, Amazon and star newcomer Zoom fell by between 5 per cent and 10 per cent last night as traders decided to take …

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