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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Fashion & brands

FIVE at FIVE: THG ‘comfortably below expectations,’ Adidas boots Kanye, HSBC kicks off banking season and Rishi Sunak’s crypto vision

Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news

1. THG Q3 slump

The company's main revenue contributors of Beauty and Nutrition both grew less than forecast

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2. Adidas takes €250mln hit for giving Ye the boot

Adidas has terminated its partnership with American rapper Kanye West, also called Ye, with immediate effect after he made antisemitic comments on social media.

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3. HSBC sinks despite upgrading guidance

Bad loan provisions were bigger than expected due to UK economic uncertainty and the deteriorating situation in China, not helped by an additional announcement that finance chief Ewen Stephenson is stepping down at the end of this year.

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4. How will the PM handle crypto?

But now that the poisoned chalice is his, it’s worth noting that one of the UK political classes leading proponents of cryptocurrency and blockchain technology now has his moment at the top.

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5. FTSE 100 closes near flat

Britain's top share market finished on Tuesday a shade down at around 0.51 points lower at 7,013.

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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK