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Sales at its 2,100 shops have been higher over the past four weeks than in the same period of 2019. In a trading update, it said the reopening of the High Street led to a significant pick-up in business.
Tue, 11th May 2021 12:10
(Alliance News) -Â London stocks were suffering on Tuesday at midday after inflation fears caused a shaky session in New York overnight, giving growth stocks a particularly rough ride.
Technology investors were amongst the losers in London on Tuesday, while futures pointed towards another session in the red for Wall Street.
The FTSE 100 dived 168.07 points, or 2.4%, to 6,955.61 midday Tuesday - taking the blue-chip index below the 7,000 mark for the first time in a week.
The mid-cap FTSE 250 index dropped 469.63 points, or 2.1%, to 22,227.56. The AIM All-Share index slid 1.7% to 1,236.62.
The Cboe UK 100 index was down 2.4% at 693.71. The Cboe 250 was down 2.0% at 20,019.37 and the Cboe Small Companies down 0.7% at 15,039.22.
Mobeen Tahir, associate director of research at WisdomTree, says the EV theme is beginning to make its way into portfolios through different avenues. Equity investors are not only looking at automakers, but they are also exploring the entire battery value chain that sustains the EV application, he explains. This includes miners of raw materials and battery manufacturers, but also those developing new charging technologies as well as alternatives to batteries like hydrogen fuel cells.
He adds: Commodity investors can also participate in this theme through their exposure to the raw materials integral to the manufacture of electric vehicles. Some of these metals include copper, silver, nickel, aluminium, and potentially platinum.