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Battered UK retail stocks begin New Year with unexpected rally

Bloomberg UK retail stocks appear to be turning the corner in the New Year after a dismal 2022. JD Sports Fashion plc and J Sainsbury plc on Wednesday joined UK online shopping bellwether Next plc and small retailer Card Factory plc in providing a more upbeat outlook, potentially extending a surprise rally in consumer stocks. JD Sports shares jumped as ...

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Risks rise for India stocks as investors turn wary before budget

Bloomberg Stock investors in India are bracing for challenging weeks before the unveiling next month of the government’s federal budget as economic growth retreats from a peak and a resumption of selling by foreigners weighs on local shares. After beating most Asian and emerging market peers last year, India’s $3.4 trillion stock market is already overshadowed in 2023 as China’s ...

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Meta named favourite internet stock for 2023

  Bloomberg Meta Platforms Inc. is expected to be the top-performing mega-cap internet stock this year, according to a JPMorgan survey of investors, suggesting a rebound for the Facebook parent after its worst year on record. According to the survey, 41% of respondents named Meta as the company they expect will perform the best this year, followed by Amazon.com Inc. ...

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