Family-run Leicester clothes store Wellgosh bought by national retailer JD Sports
The independent business was launched more than 30 years ago
Wellgosh in Leicester (Image: Google)
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Wellgosh comments on sale of independent store to JD Sports
The shop has been a fixture in the city for more than 30 years
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European Stocks Decline as Cyclical Shares Trim Stimulus Rally
This content was published on January 11, 2021 - 17:10
January 11, 2021 - 17:10
(Bloomberg) European stocks retreated as traders assessed valuations following a rally that pushed shares near a 10-month high, with cyclical sectors leading the drop.
The Stoxx Europe 600 Index slid 0.7% by the close in London, led by industries most sensitive to the economy, including travel and construction, while miners slumped after posting their best week since 2016. Cyclical sectors have benefited from forecasts for an economic rebound fueled by stimulus bets and Covid-19 vaccinations.
Meanwhile, health-care stocks outperformed on Monday as a stronger dollar boosted exporters. Bank of America Corp. strategists warned of signs of a bubble in renewable shares, and utilities retreated.
11 January 2021 | 12:07pm
StockMarketWire.com - The FTSE 100 was firmly lower by lunchtime as investors paused for breath after the index enjoyed a heady first week of 2021, rising more than 6%.
By midday the FTSE was down 0.5% at 6,842.11, as concerns build over mounting Covid-19 infections and the possibility of even tighter restrictions.
Profits were also being taken in Bitcoin after an even more impressive start to the New Year. US futures pointed to modest losses on Wall Street too.
Shoe and sports apparel retailer JD Sports Fashion climbed 4.4% to 888.4p as it upgraded its profit outlook amid robust second-half demand, including during the key months of November and December.