Sales at its 2,100 shops have been higher over the past four weeks than in the same period of 2019. In a trading update, it said the reopening of the High Street led to a significant pick-up in business.
Rising inflation concerns sparked a tech sell-off in New York last night
That spilled over in Europe, with the FTSE 100 down 2.3% to 6,961 by midday
Germany s DAX and France s CAC 40 were also down more than 2%
Commodity prices like copper and iron ore have hit new highs recently
Traders await US inflation figures due to be published tomorrow
Tesla holdings reduced by 40% by Baillie Gifford in the first quarter, filing shows
Baillie Gifford, the Scottish fund manager that manages funds including the Edinburgh Worldwide Investment Trust and the Baillie Gifford US Growth Trust , reduced its position in electric vehicle maker Tesla by 40% during the first quarter, according to an analysis of its 13-F filing made Thursday from Whale Wisdom. Tesla still accounts for 6.06% of its portfolio, its top holding but down from 10.72% at the end of the fourth quarter. Baillie Gifford also reduced its holding in its second-highest position, Amazon , by 7% to 5.1% of its portfolio. Of its top holdings, the biggest gain was for biotech Moderna , where its position rose to 3.32% from 1.41%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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