Shareholders in mining company Petra Diamonds on Wednesday approved a rights issue to raise about $170 million (127.4 million pounds) to help cut its debt burden, driving the share price around 5 percent higher.
Shares of Urban Outfitters Inc rose nearly 4 percent on Tuesday after at least four brokerages raised their price targets following the company’s upbeat quarterly same-store sales forecast at its retail business.
Mulberry had plenty of news on Wednesday with the luxury firm announcing its full-year results and also a new business deal for South Korea. It's improving internationally although the UK remains a tough market.
Inditex sales may have risen only 2% in Q1 but it was still a record quarter and without currency exchange effects it would have powered ahead by 7% as both online and stores expansion again proved a winning formula.