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Burberry Group Confirms Full-Year Outlook

Burberry Group Confirms Full-Year Outlook

Shares of Burberry Group (BRBY.L), the British fashion house, jumped early on Tuesday after the group confirmed its outlook for the fiscal full year 2020, saying that new products from its Chief Creative Designer Riccardo Tisci — formerly with Givenchy — elicited an “excellent” response from Asian customers. The London-based […]

Nemaura Medical Secures CE Mark for SugarBEAT

Nemaura Medical Secures CE Mark for SugarBEAT

Nemaura Medical (NMRD) has received CE Mark approval for its SugarBEAT product, allowing it to begin sales in the EU. SugarBEAT is a daily disposable skin patch that works as a continuous glucose monitor, with the accompanying smartphone app displaying glucose readings every five minutes. The company plans to launch […]

Bed Bath & Beyond Appoints Interim CEO, Seeks Permanent Successor

Bed Bath & Beyond Appoints Interim CEO, Seeks Permanent Successor

Bed Bath & Beyond (BBBY) on Monday said 27-year company veteran Steven Tamares has stepped down from his chief executive position and left the company’s board, and that Mary Winston, a public-company executive who recently joined the board, has been appointed interim CEO. The retailer, with 1,500 locations in North […]

Investors Drive $60 Billion From Retail-Focused Equity Mutual Funds But Goldman Sees Sentiment Shift

Investors Drive $60 Billion From Retail-Focused Equity Mutual Funds But Goldman Sees Sentiment Shift

Individual investors have driven $60 billion out of retail-focused equity mutual funds so far this year but they also have the most potential to buy stocks in the second half of the year as sentiment among the group begins to shift, Goldman Sachs said. Equity funds have had net outflows […]

Novan Surges 71% – Secures Non-Dilutive Financing from Largest Shareholder That Allows It to Advance Studies

Novan Surges 71% – Secures Non-Dilutive Financing from Largest Shareholder That Allows It to Advance Studies

Novan (NOVN) soared more than 71% after the company said it secured up to $35 million in non-dilutive capital from Reedy Creek Investments LLC to advance Novan’s late-stage dermatology assets. Of that total, it said $25 million is available immediately and $10 million is contingent upon achieving positive Phase 3 […]

7-Year Auction Awarded at 2.426% Tailing with Decent, But Sub-Par, Results

7-Year Auction Awarded at 2.426% Tailing with Decent, But Sub-Par, Results

The Treasury auctioned $32 billion 7-year notes, with the results decent but below average and expectations for a strong showing. The note stopped at 2.426%, tailing from the 2.421% when-issued reported at the deadline as buyers required a higher yield versus 2.281% at the March 28 sale. The sale caps […]