Nike shares lead Dow Jones higher

Shares in Nike jumped at the start of trade after it said it would start selling some goods though Amazon. The sportswear maker confirmed on Thursday that it would begin a “small pilot” selling goods directly through the online retail giant. Nike’s shares soared 8% as the company also reported better-than-expected fourth-quarter results. Profits rose […]

FTSE 100 rebounds as pound loses ground

The UK’s stock market recovered from early losses while the pound dropped back below the $1.30 level. After spending much of the morning in negative territory, the benchmark FTSE 100 share index was up 23.26 points at 7,373.58 shortly after midday. Meanwhile the pound slipped back below $1.30 after figures showed a drop in UK households’ disposable […]

HSBC ends up but FTSE ends lower

HSBC helped to lift the UK stock market for most of the day after the bank’s shares were upgraded by analysts at Morgan Stanley. HSBC shares climbed 4.2%, making it the biggest riser on the FTSE 100, after Morgan Stanley raised its rating on the bank to “overweight”. The FTSE 100 index though shed its earlier gains […]