BUSINESS LIVE: Shop price inflation eases; Sainsbury’s sales grow; Shoe Zone cuts profit guidance
By Harry Wise
Updated:
Among the companies with reports and trading updates today are Sainsbury’s, Shoe Zone, Capita, Craneware and Checkit.
Meme-stock trader Roaring Kitty sued over GameStop shares mania
The notorious meme-stock investor known as Roaring Kitty has been sued for allegedly orchestrating a ‘pump and dump’ scheme involving an American video game retailer.
In a proposed class action filed late last week, GameStop shareholder Martin Radev claimed Keith Gill was seeking to manipulate the stock for his own gain.
Boeing buys back supplier Spirit in £3.7bn deal amid safety fears
Boeing has agreed to buy an aerospace supplier in a £3.7billion deal as it tries to contain its ongoing safety crisis.
The scandal-hit airline said the acquisition of Spirit AeroSystems was in the ‘best interests’ of its passengers.
French borrowing costs surge on Marine Le Pen’s election victory
Borrowing costs surged across Europe yesterday after Marine Le Pen crushed Emmanuel Macron in the first round of parliamentary elections in France.
The yield on French ten-year government bonds – a key measure of how much it costs the state to borrow – hit 3.35 per cent for the first time since November last year.
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BUSINESS LIVE: Shop price inflation eases; Sainsbury’s sales grow; Shoe Zone cuts profit guidance
