Boohoo Shares Jump as All Brands Return to Profit, Earnings Seen Higher

Gold prices have edged higher amid growing expectations of a potential interest rate cut by the Federal Reserve in December. This optimism has been fueled by recent comments from Fed officials, including John Williams, which have positively influenced market sentiment towards gold as a safe-haven asset.

Defense startup Anduril has encountered significant setbacks with its weapons technology, as evidenced by documents revealing product breakdowns and safety issues. The company's challenges highlight ongoing concerns regarding the reliability and effectiveness of its defense solutions.

British retailers, including Primark, Currys, and Boohoo, have expressed frustration over the UK government's decision to delay the end of a tax break on low-value imported goods until 2029, which they argue undermines their competitiveness against foreign rivals like Shein and Temu.

The CEO of Debenhams and Boohoo, Dan Finley, stands to gain nearly £150 million in shares if he successfully revitalizes the struggling fashion group, which has recently reported a 23% decline in sales. This incentive scheme is part of a broader £200 million package aimed at top executives.

Yields on gilts have risen moderately amid concerns regarding backloaded budget measures, although overall market reactions have remained relatively calm, according to XTB. The U.S. bond markets were closed on Thursday, limiting immediate impacts on global trading.

Citi's recent rollout of its premium card was disrupted by unauthorized approvals after a special sign-up link, meant exclusively for branch customers, was inadvertently shared online. This led to the bank freezing accounts to address the situation.

Gilt yields in the U.K. have risen while the pound has fallen, driven by renewed concerns over government spending and the delayed implementation of tax increases. This shift in market sentiment reflects growing unease ahead of the upcoming budget announcement.

Gilt yields in the U.K. have risen while the pound has fallen, driven by renewed concerns over government spending and the delayed implementation of tax increases. This shift in market sentiment reflects growing unease ahead of the upcoming budget announcement, which is expected to outline the government's fiscal strategy.