Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
(Adds shares, reaction)
LONDON, Sept 5 (Reuters) - Britain's Boohoo raised its full-year revenue forecast on Thursday on strong demand from its young customers for brands like PrettyLittleThing and Nasty Gal, sending the online fashion firm's shares to an all-time high.
Shares in Boohoo, founded 14 years ago in Manchester, northern England, rose as much as 17% to an all-time high of 285.3 pence, as it said it expected its full-year revenue to rise between 33% and 38%, ahead of its previous 25% to 30% guidance, which would deliver a corresponding rise in earnings.
Online retailers like Boohoo are growing fast, often at the expense of traditional shopping outlets such as Marks and Spencer, whose share price fall has seen the 135-year-old retailer evicted from the blue-chip FTSE 100 index on Wednesday.
Boohoo had defied weak consumer confidence to deliver "another stellar performance over a warm summer", analysts at Jefferies said, forecasting a 3-4% rise in consensus for sales and core earnings in the year to February 2020.
Boohoo, which reports first-half results on Sept.25, said it expected margins to remain at around 10%, reflecting investments in the three brands - MissPap, Karen Millen and Coast - it acquired in the first half. (Reporting by Paul Sandle, editing by James Davey and Alexander Smith)