Member Info for RazorsEdge

Boohoo (BOO) has seen sales soar 41% during the pandemic and Third Bridge believes it is due another boost as consumers purchase new ‘going out’ clothes as the economy reopens.

The closure of the high street, working from home and consumers’ penchant for athleisurewear fuelled sales at the online fashion group and pushed revenues to £17.7bn in the year to end of February, up from £1.2bn the year before. The shares closed down 2%, or 6.5p, at 320p on Wednesday.

‘Boohoo has been a clear lockdown beneficiary thanks to its ubiquitous online presence and agile supply chain arrangements,’ said analyst Harry Barnick.

After a scandal involving Leicester garment factories last summer, Barnick noted that Boohoo does also have the ‘complex job of cleaning up its global manufacturing practices while ensuring it retains its competitive edge as the fastest and cheapest player in the market’.

‘It will need to be whiter than white in the medium-term if it is to avoid being permanently sullied by questions around its operations,’ he said.

However, as lockdown eases, the analyst added that the group ‘could benefit from a resurgence in “going out” clothing categories, with younger customers flocking to festival wear and summer staples’.

I think Boohoo are undoubtedly the market leader but until their reputation has become squeaky clean they will continue to be targeted with potshot articles.
I’ve been around the stock market for years and have never seen the media attack a company in the fashion Boo have been. Without doubt the worse has past.
I’d love to see the share price rally to way above today’s price, they don’t seem to be able to shake the negative aspect of the market sentiment.

https://citywire.co.uk/funds-insider/news/boohoos-reputation-recovery-hampered-by-fast-fashions-exploitative-model/a1503975?re=84785&ea=1517334&utm_source=BulkEmail_FundsInsider+Afternoon&utm_medium=BulkEmail_FundsInsider+Afternoon&utm_campaign=BulkEmail_FundsInsider+Afternoon

Major stock market indexes in Europe rose in premarket trading on Wednesday as investors awaited a slew of economic data, including PMI and producer prices figures from the Eurozone. On the earnings front, Stellantis is among companies set to report quarterly results.

The FTSE 100 gained 0.36% at 7:24 am CET, the DAX climbed 0.52% at the same time and the CAC 40 increased by 0.56% at 7:22 am CET.

The euro was flat against the dollar, selling for 1.20179 at 7:25 am CET, while the pound added 0.11% against the US currency to go for 1.39024 at the same time.

Breaking the News / NP

Major stock market indexes in Europe rose in premarket trading on Wednesday as investors awaited a slew of economic data, including PMI and producer prices figures from the Eurozone. On the earnings front, Stellantis is among companies set to report quarterly results.

The FTSE 100 gained 0.36% at 7:24 am CET, the DAX climbed 0.52% at the same time and the CAC 40 increased by 0.56% at 7:22 am CET.

The euro was flat against the dollar, selling for 1.20179 at 7:25 am CET, while the pound added 0.11% against the US currency to go for 1.39024 at the same time.

Breaking the News / NP

Shares on the major European stock market indexes were mostly unchanged in the premarket trade on Tuesday, as the investors monitored the diplomatic feud between Russia and the European Union. The turmoil mounted as the European Commission's officials summoned Russia's ambassador to the EU to strongly reject Russia's sanctions against eight of Brussels' representatives.

Meanwhile, the traders also digested Federal Reserve Chairman Jerome Powell's remarks from the day before. Powell described the economic outlook as "brightened," while underlining that certain aspects of it are expected to continue to struggle in the period to come.

The DAX and the CAC 40 stood flat at 8:02 am CET, while the FTSE 100 went up by 0.44% a minute later. The euro decreased by 0.23% compared to the dollar, selling for 1.20354 at 8:04 am CET, while the pound slid 0.19%, to go for $1.38832 at the same time.

Breaking the News / BU

Shares on the major European stock market indexes were mostly unchanged in the premarket trade on Tuesday, as the investors monitored the diplomatic feud between Russia and the European Union. The turmoil mounted as the European Commission's officials summoned Russia's ambassador to the EU to strongly reject Russia's sanctions against eight of Brussels' representatives.

Meanwhile, the traders also digested Federal Reserve Chairman Jerome Powell's remarks from the day before. Powell described the economic outlook as "brightened," while underlining that certain aspects of it are expected to continue to struggle in the period to come.

The DAX and the CAC 40 stood flat at 8:02 am CET, while the FTSE 100 went up by 0.44% a minute later. The euro decreased by 0.23% compared to the dollar, selling for 1.20354 at 8:04 am CET, while the pound slid 0.19%, to go for $1.38832 at the same time.

Breaking the News / BU

Oil and metal prices are poised to surge in coming months as Britain and the US launch an infrastructure spending spree and the global economy reopens.

Subscription only:

https://www.telegraph.co.uk/business/2021/05/02/spending-spree-boost-commodity-prices/

Major German stocks traded in the green ahead of Monday's session as news surrounding the coronavirus pandemic marked the weekend behind us. The World Health Organization recommended the emergency use of Moderna's COVID-19 vaccine, while the United Kingdom confirmed sending medical supplies to India to help the country combat the latest outbreak.

Commenting on the Boeing-Airbus subsidies dispute, European Trade Commissioner Valdis Dombrovskis estimated the European Union and the United States might reach an agreement that would end the dispute by July.

The DAX gained 0.32% at 7:25 am CET. British stock markets were closed for the May Day public holiday. The CAC 40 rose 0.14% at 8:01 am CET. Meanwhile, the euro stood flat against the dollar at 1.20183 and the pound lost 0.09% to sell for $1.38098.

Breaking the News / ND

Price of Gold Fundamental Weekly Forecast – Higher U.S. Real Rates Will Keep the Pressure on Prices
Ongoing strength in domestic data should lead to an incrementally hawkish turn in Fed guidance over the coming months. This would be bearish.

https://www.google.co.uk/amp/s/amp.fxempire.com/en/price-of-gold-fundamental-weekly-forecast-higher-u-s-real-rates-will-keep-the-pressure-on-prices/725459

Perhaps we’ll hear something that’ll reset the share on a more positive course.

The UK will enjoy its strongest year of growth since modern records began in 1948 as the economy surges back to life after a rapid vaccine rollout, the boss of Barclays has predicted.

https://www.telegraph.co.uk/business/2021/04/30/barclays-sees-encouraging-signs-recovery-profits-rebound/

The UK will enjoy its strongest year of growth since modern records began in 1948 as the economy surges back to life after a rapid vaccine rollout, the boss of Barclays has predicted.

https://www.telegraph.co.uk/business/2021/04/30/barclays-sees-encouraging-signs-recovery-profits-rebound/

Major European stock markets registered losses ahead of Friday's session ahead of a number of economic data reports set to be published later today, including figures on GDP, unemployment as well as CPI.

On the pandemic front, French health authorities reported last night the country registered the first imported case of India's coronavirus variant, prompting concerns over possible new outbreak spikes.

The DAX lost 0.11% at 7:19 am CET, while the FTSE 100 fell 0.18%. Both the euro and the pound stood flat against the dollar to sell for 1.21170 and 1.39412, respectively.

Breaking the News / ND

Happy Friday y’al

Major European stock markets registered losses ahead of Friday's session ahead of a number of economic data reports set to be published later today, including figures on GDP, unemployment as well as CPI.

On the pandemic front, French health authorities reported last night the country registered the first imported case of India's coronavirus variant, prompting concerns over possible new outbreak spikes.

The DAX lost 0.11% at 7:19 am CET, while the FTSE 100 fell 0.18%. Both the euro and the pound stood flat against the dollar to sell for 1.21170 and 1.39412, respectively.

Breaking the News / ND

Happy Friday y’al

Shares on major European markets moved higher during premarket trading on Thursday following the Federal Reserve's latest policy update. The Fed kept interest rates near zero at its meeting while also maintaining its current pace of monthly asset purchases.

Meanwhile, earnings seasons continued with oil companies Shell and Total set to report their quarterly results before the open of equity markets in Europe. On the data front, the unemployment rate and consumer price index for Germany were scheduled for a release later in the day.

The DAX rose 0.19% at 8:00 am CET, while the CAC 40 climbed 0.35%. At the same time, the FTSE 100 was up 0.16%.

Breaking the News / JC

Shares on major European markets moved higher during premarket trading on Thursday following the Federal Reserve's latest policy update. The Fed kept interest rates near zero at its meeting while also maintaining its current pace of monthly asset purchases.

Meanwhile, earnings seasons continued with oil companies Shell and Total set to report their quarterly results before the open of equity markets in Europe. On the data front, the unemployment rate and consumer price index for Germany were scheduled for a release later in the day.

The DAX rose 0.19% at 8:00 am CET, while the CAC 40 climbed 0.35%. At the same time, the FTSE 100 was up 0.16%.

Breaking the News / JC

Major stock markets in Europe traded mostly higher in the premarket session on Wednesday, as investors wait for today's batch of quarterly corporate earnings and data reports. Deutsche Bank reported their highest quarterly profit since 2014, with pharmaceutical company Sanofi slated to release its earnings before trading begins. Traders will also be looking at consumer confidence in Germany for April, as the country's leaders were optimistic about the trajectory of the pandemic and economic growth.

The DAX was ahead by 0.16% at 7:59 am CET, while the FTSE 100 traded higher 0.11% at the same time. The CAC 40 was flat at 8:01 am CET.

The euro decreased 0.15% against the dollar trading for 1.20734 at 7:41 am CET, with the pound also declining 0.20% going for 1.38862 concurrently.

Breaking the News / OL

Major stock markets in Europe traded mostly higher in the premarket session on Wednesday, as investors wait for today's batch of quarterly corporate earnings and data reports. Deutsche Bank reported their highest quarterly profit since 2014, with pharmaceutical company Sanofi slated to release its earnings before trading begins. Traders will also be looking at consumer confidence in Germany for April, as the country's leaders were optimistic about the trajectory of the pandemic and economic growth.

The DAX was ahead by 0.16% at 7:59 am CET, while the FTSE 100 traded higher 0.11% at the same time. The CAC 40 was flat at 8:01 am CET.

The euro decreased 0.15% against the dollar trading for 1.20734 at 7:41 am CET, with the pound also declining 0.20% going for 1.38862 concurrently.

Breaking the News / OL

European indexes were mostly flat in premarket trading on Tuesday as investors focused on corporate earnings. UBS, HSBC and Novartis posted their first-quarter results earlier in the day, while BP is also set to report before the bell.

The FTSE 100 added 0.06% at 7:39 am CET, while the DAX and the CAC 40 were flat at the same time.

The euro lost 0.11% against the dollar to sell for 1.20746 at 7:37 am CET while the pound traded flat compared to the US currency, going for 1.38928 at the same time.

Breaking the News / NP