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FTSE 100 ends back below 7,200 as GDP boost offset by mixed US data and weakness on Wall Street

FTSE 100 ends back below 7,200 as GDP boost offset by mixed US data and weakness on Wall Street
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

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Gyms Are the Unlikely Winners of U.K. Post-Covid Reopening Trade

Gyms Are the Unlikely Winners of U.K. Post-Covid Reopening Trade
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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Gyms Are the Unlikely Winners of U.K. Post-Covid Reopening

Gyms Are the Unlikely Winners of U.K. Post-Covid Reopening
bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.

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Boohoo profits soar as Covid turns customer focus to loungewear

Boohoo’s adjusted pre-tax profit climbed by 37% in the 12 months to 28 February to a better-than-expected £174m as the group’s customers shrugged off concerns about the group’s supply chain, following last summer’s allegations that linked it to factories with poor working conditions in Leicester and abroad. Manchester-based Boohoo, which also owns the brands PrettyLittleThing and Nasty Gal, was able to take advantage of the declining fortunes of more traditional retailers during the pandemic. It acquired high street brands including Oasis, Warehouse and Karen Millen, as well as Dorothy Perkins, Wallis and Burton from Sir Philip Green’s collapsed Arcadia group.

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Shop closures weigh down Ladbrokes owner Entain despite online surge : CityAM

Shop closures weigh down Ladbrokes owner Entain despite online surge The FTSE 100 firm has seen its whole estate closed due to the latest round of coronavirus restrictions. Ladbrokes owner Entain saw net gaming revenue shrink in the first quarter as the closure of its bookies due to Covid-19 restrictions offset rising online revenues. Although online net gaming revenue grew 33 per cent for the three month period – the segment’s 21st straight quarter of double digit growth – overall revenue fell 13 per cent. Shares in the firm rose 1.1 per cent as markets opened this morning. Entain’s betting shops, which also include brands such as Coral, have been shut for the whole of the first quarter due to the UK’s latest lockdown.

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