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Added on the 25/07/2016 17:01:31 - Copyright : Reuters EN
New York, Jan 27 (EFE/EPA).- Gaming retailer GameStop's shares continued to skyrocket on Wednesday in New York, as an army of amateur traders are beating Wall Street's sophisticated investors at their own game. The electronic game retailer has seen its stock price soar from $3.25 in April 2020 to close at $347.51 on Wednesday.The company has drawn interest from investors in online chat groups and created as much as $3 billion in value losses for short sellers. (Camera: ALBA VIGARAY). B-ROLL OF GAMESTOP STORES AND WALL STREET IN NEW YORK, US.
Telecoms gear maker Ericsson has picked Swedish businessman and board member Borje Ekholm to take over as chief executive as the firm grapples with cost cuts and an industry downturn. Hayley Platt reports.
Tesco, Britain's biggest retailer, has said it will increase investment in its stores and distribution network to boost profitability over the next three years after reporting strong first-half results that sent its shares soaring. Hayley Platt reports
Britain's pound slumps to a three-decade low largely thanks to more home-grown Brexit worries. As David Pollard reports, it sent stocks up, with the FTSE 100 topping 7,000 for the first time in more than a year.