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Tuesday 22 December 2015
Blue-chips started brightly taking their cue from Wall Street's strong finish after an up-and-down day while Asian markets remained fairly flat.
“Online fashion group Koovs (LSE:KOOV) saw strong sales growth in the first half with traffic up 128% and the number of active customers increasing by 220%,” says AJ Bell Investment Director Russ Mould.
“Koovs is targeting young, fashion-conscious Indians and its interim losses increased from £3.6m to £5.7m as it continues to build scale and develop the brand.
“On the FTSE 100, the South African bounce continued with Mondi (LSE:MNDI) and Old Mutual (LSE:OML) both up in early trading
“The biggest faller was high street shopping giant Marks & Spencer (LSE:MKS) after a broker downgrade. It was closely followed by ITV (LSE:ITV) after US giant Comcast (NASDAQ:CMCSA) media dismissed speculation about a possible takeover bid.”
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