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On Monday, China’s central bank unexpectedly cut rates, with the short term 7-day reverse repurchase rate lowered to 1.7% from 1.8%. The one-year and five-year loan prime rates were also trimmed by 10 basis points each to 3.35% and 3.85% respectively,

https://www.cnbc.com/2024/07/22/asia-stock-markets-biden-drops-out-china-lpr.html

I think its the notion of low interest rates, good for growth stocks approach.

It seems all of the institutions abide by the same framework.

On Monday, China’s central bank unexpectedly cut rates, with the short term 7-day reverse repurchase rate lowered to 1.7% from 1.8%. The one-year and five-year loan prime rates were also trimmed by 10 basis points each to 3.35% and 3.85% respectively,

https://www.cnbc.com/2024/07/22/asia-stock-markets-biden-drops-out-china-lpr.html

Keysight takeover mention in Friday's TU

https://www.lse.co.uk/rns/SPT/spirent-communications-trading-update-730jm83azdhem3z.html

Another 245,000 for Alexander Milne at 8.799p increasing his holding to 7,239,686 or 2.12%

That's slim pickings for an arb trade but I suppose if you have 2% its worthwhile.

Burberry brand increasing in value ..

https://www.cityam.com/even-as-sales-slump-jonathan-akeroyd-leaves-burberry-a-stronger-brand/

Impossible to tell, no one knows which makes the old shocks and scares that bit more interesting, if it was easy ..

Don't forget the shorts are most likely not actually net short, most will have swaps in place or corresponding long positions in the US. The media revel in portraying 'shorts' as baddies but they forget these are hedge funds which, err..hedge ..that's the whole idea

The last time I checked, the top hedge funds under-performed the overall market by some margin, vary rare for media to publicise this.

There's no doubt Burberry is an attractive target at this level hence my interest.

Quite a few sites still down including brokers..

https://downdetector.co.uk/

Going to be a backlog of RNS's for Monday, none issued today (not THG specific)

Big tech giants have convinced everyone to rent software and store everything on their servers (the cloud), when the wheels come off you have nothing.

That was good timing, switching over to Linux..

Microsoft down LIVE: Outage sparks chaos across the globe as TV channels, airports and banks are knocked offline

Zara pt of LF campaign

https://i.dailymail.co.uk/1s/2024/07/18/15/87498099-13647973-image-m-58_1721314153707.jpg

According to the NASDAQ, volume after an hour stands at 13,283 with 4, yes, 4 shares on the offer..

Nice one Crafty !

CPI, yes, but this is more about sentiment which right now is absent ..especially in the London markets.

...slowly does it..

Wage growth eases as Bank of England considers interest rate cut

https://www.cityam.com/wage-growth-eases-as-bank-of-england-considers-interest-rate-cut/

We are at the round number juncture yet again, although this time macros have improved somewhat in our favour, namely interest rates ..

UK - 300p

US - 20 bucks

HK - 30 HK bucks, passed today !

This side of the pond ..

...slowly does it..

Wage growth eases as Bank of England considers interest rate cut

https://www.cityam.com/wage-growth-eases-as-bank-of-england-considers-interest-rate-cut/

...slowly does it..

Wage growth eases as Bank of England considers interest rate cut

https://www.cityam.com/wage-growth-eases-as-bank-of-england-considers-interest-rate-cut/

Big-ticket ad campaigns are back as UK economy brightens

https://www.cityam.com/big-ticket-ad-campaigns-are-back-as-uk-economy-brightens/

Maybe one of Nick Trains funds adding, also another small PDMR notification too.

ADR's closed at $9.73, slight improvement on London's close.

One of the highlights from yesterdays half year figures states:

● Improving mid-term cash trajectory: underlying cash outflows in FY24 now expected to be around £150m lower (improvement) vs. FY23. Clear roadmap for Group to turn cash flow positive during FY26.

How does that tally with CFO comments at 1.10 during investor presentation, may have misheard but pretty sure he says '4-5 yeas EBITA positive'

At a guess I would say Nick Trains quoted interest of c 6% is spread across both funds, neither fact sheet has the number of shares held but one could work out from each fund market cap if so inclined.

In one of his interviews he mentions adding at some point, being split across the two may give him more scope.

BRBY feels like a proper sitting duck for PE..