Market Report

Market Report by Email

If you would like to receive the daily Market Report by email please fill out your name and email address in the sign-up form below and you will be added to our mailing list.

* indicates required

Please select all the ways you would like to hear from Ramsey Crookall:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our email marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing.

Learn more about Mailchimp's privacy practices here.

Thursday,23 June 2022 at 16:08

Frasers Group has raised its stake in Hugo Boss to about €900mn in the latest move by the UK retailer to boost its exposure to the German fashion brand.
 
The UK-listed retail company, known for its Sports Direct, Flannels and House of Fraser brands, said on Wednesday that it had increased its direct holdings of Frankfurt-listed Hugo Boss shares to 4.9 per cent, up from a previous level of 2.1 per cent.
 
It has also increased its indirect exposure by granting put options, which give the holder the right but not the obligation to sell Boss shares to Frasers at a set price in the future.

UK & European stocks closed lower as mounting fears of an impending recession weighed on investor sentiment.

U.S. stocks climbed as investors weighed fresh unemployment data and braced for Federal Reserve Chair Jerome Powell’s second day of testimony on Capitol Hill.

Oil prices fell as investors weighed the risks of recession.

Gold prices edged up.

Markets
At the close
FTSE 100 7,020 (-0.97%)
FTSE 250 18,692 (-1.05%)
DAX 12,912 (-1.76%)
At 17:00
Dow Jones 30,483 +0.01%
S&P 500 3,775 +0.41%
NASDAQ 11,172 +1.10%
Fixed Income
UK 10-YR YIELD 2.317
Exchange Rates
GBP/USD 1.222
GBP/EUR 1.164
Commodities
Gold $1,833 (-0.25%)
Brent $110.38 +0.32%
Important - No news or research item should be construed as a recommendation to trade. The inclusion of securities within this report does not necessarily imply their suitability for individual portfolios or situations in respect of which further advice should be sought. Information contained in this report has been compiled from sources believed to be reliable but is not warranted to be accurate or complete.

We use cookies to improve your experience on our website.
By continuing to browse, you agree to our use of cookies. Cookie Policy

Accept
Members of the London Stock Exchange and PIMFA | Licensed by the Isle of Man Financial Services Authority (IoMFSA) Registered Office: Ramsey Crookall and Co. Ltd., 38/42 Athol Street, Douglas, Isle of Man, IM1 1QH
Copyright © 2022 - Ramsey Crookall & Co. Ltd
Building Personal Finance Futures London Stock Exchange