Shein was once valued at close to $100 billion. By the time it reached the Hong Kong public market, that valuation had fallen dramatically.
AstraZeneca Beats Second-Quarter Earnings Forecast
AstraZeneca PLC (LON: AZN, NASDAQ: AZN) reported better-than-expected second-quarter earnings as strong growth in oncology and rare diseases helped offset weaker sales in other parts of the business.
Shein Wins Chinese Regulatory Approval for Hong Kong IPO Plans
Online fashion retailer Shein has received approval from China’s securities regulator to proceed with plans for a potential initial public offering in Hong Kong.
AstraZeneca Slides 9.2% After Wainua Misses Primary Goal in Phase Three Trial
AstraZeneca has seen around £20 billion wiped from its market value following the disappointing late-stage trial results for Wainua, pushing its market capitalisation below £200 billion.
FTSE 100 set to open higher as investors push UK blue-chips toward new high
Good morning. UK markets are flirting with rarefied territory as blue-chip stocks set their sights on another record-breaking session.
Historic moment as FTSE 100 closes above 10,000
Britain’s blue-chip stock market has crossed a historic threshold, with the FTSE 100 closing above 10,000 points for the first time ever.
FTSE 100 set to roars back above 10,000 on global tech surge
Good morning. The tone at the open looks decisively upbeat, with early spread-betting signals pointing to a 61-point lift for the Footsie on Monday—enough to haul the index back above
BYD knocks Tesla off top spot in global EV race
China’s BYD has overtaken Tesla to become the world’s largest seller of electric vehicles.
FTSE 100 smashes 10,000 to kick off 2026
The FTSE 100 has kicked off the new year on a positive note, though markets are still firmly in holiday mode.
Strong year for UK stocks as FTSE 100 jumps 21.6% and FTSE 250 adds 9%
Britain’s stock market has chalked up its strongest annual performance since the aftermath of the financial crisis.
FTSE 100 notches new 2025 high as clock ticks down
The London stock market is closing out its strongest year since the aftermath of the global financial crisis at record levels.
London stocks edge higher but Santa rally remains elusive
London’s stock market has opened slightly higher, though there is still little sign of the traditional “Santa rally” in the City.