UK market

Gokaldas Exports, KPR Mill, other textile stocks rally up to 19% on optimism of zero-tariff access to UK market

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Gokaldas Exports, KPR Mill, other textile stocks rally up to 19% on optimism of zero-tariff access to UK market

Shares of Indian textile exporters surged up to 19% on Wednesday after India and the United Kingdom concluded negotiations for a landmark free trade agreement (FTA) that eliminates import duties on textiles and garments. Gokaldas Exports led the rally, climbing as much as 18.8% to Rs 1,013 on the BSE. Shares of KPR Mill rose … Read more

Brexit trade deal sparks relief but UK market will bear scars

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Brexit trade deal sparks relief but UK market will bear scars

By Tommy Wilkes LONDON: Britain’s trade agreement with the European Union removes a 4-1/2-year old fear of crashing out of the bloc without trading arrangements in place, but it will take UK financial markets years to lose their Brexit-inflicted scars. The “no-deal Brexit” risk has weighed on Britain’s growth and investment prospects since June 2016, … Read more