[1] One name cost Gucci owner £2.6bn
Never has a single name destroyed so much value in such a short space of time. Kering SA (EPA:KER) shares slumped 11% in early Friday trading after the luxury group picked Demna, Balenciaga’s creative force, to revive Gucci. Read more …
[2] FTSE 100 ended Friday 1% higher
London's blue-chip benchmark grew in confidence as the trading day progressed, closing close to 90 points or 1.05% higher to reach 8,632. Read more ...
[3] Rachel Reeves axe still aimed at Cash ISA
The Treasury is reportedly planning to cut the annual cash ISA limit, despite concerns from savings providers. The changes were expected in Labour’s Spring Statement on 26 March, but now may be announced later this year. Read more …
[4] UK GDP disappointed
The UK economy shrank by 0.1% in January, with a slowdown in manufacturing, construction, and oil and gas extraction among the key factors. This drop followed 0.4% growth in December, making the performance weaker than expected. Read more …
[5] Helium One reveals Jackson’s first flow rates
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has reported initial flow rates from the Jackson-31 well at the Galactica helium project, in Colorado. Read more …