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22 January 2021 | 07:51am StockMarketWire.com - Toy company Character said it would meet current market expectations after buoyant Christmas trading period boosted sales. Sales increased over 30% against the comparable period in 2019, with UK sales for the four months to 31 December 2020 up 25% over the same period in 2019. All its major brands and hero lines had sold exceptionally well, the company said. Profit in the first half of the year ended 28 February, would be significantly higher than a year ago, while the second half year was expected to be challenging due to the continuance of the lockdowns, restrictions and the continuing effect that the logistical difficulties are having on freight rates from the Far East, the company said. ....
22 January 2021 | 08:35am StockMarketWire.com - News that UK borrowing hit £34.1 billion in December 2020, the third-highest borrowing in any month since monthly records began in 1993, weighed heavily on UK markets, which opened lower. Meanwhile, the latest figures showed mixed retail sales figures, with a 0.3% increase in retail sales volumes in December when compared with the previous month, helped by a rebound in sales at clothing stores, but a record annual decline in sales volumes of 25% for clothing stores in 2020 when compared with 2019. The FTSE 100 was down 0.3%, or 17.99 points, to 6,697.43, while the FTSE 250 was also 0.3% lower to 20,740.21. Pharmaceutical giant GlaxoSmithKline was buoyed 0.2% to £13.66 on the announcement that ViiV Healthcare, which it majority owns, has received US regulatory approval for its HIV treatment regime Cabenuva. ....