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Superdry losses deepen as pandemic mars turnaround efforts

19 January 2021 | 11:58am StockMarketWire.com - Having made a strong start amid optimism over the US stimulus plan the FTSE 100 lost its way a little by midday to trade up 0.2% at 6,736.23. With trading due to resume in the US later after yesterday's pause for Martin Luther King Jr Day, futures markets pointed to gains. The changing of the guard at the White House is now within touching distance with president-elect Joe Biden's inauguration set to take place amid tight security tomorrow. Mining company Rio Tinto dipped 0.5% to £59.43 after it boosted fourth-quarter production and shipments o...

19 January 2021 | 08:43am StockMarketWire.com - UK stocks opened higher on Tuesday, in line with European and Asian exchanges, as sentiment was buoyed by heightened anticipation of a bumper US stimulus package and Covid-19 vaccine hopes. At 0826, the benchmark FTSE 100 index was up 39.41 points, or 0.6%, at 6,760.06. Mining company Rio Tinto added 1.0% to £60.31 after it boosted fourth-quarter production and shipments of iron ore from Australia's Pilbara region. Fashion retailer Superdry slumped 5.3% to 227.2p, having reported a deeper first-half loss and scrapped its interim dividend, as th...

FTSE slips into negative territory as MGM walks away from Entain bid