Sports Direct takes 26% stake in Game Digital

Sports Direct has bought 44m shares in video game retailer Game Digital, equivalent to a stake of 25.8%, just weeks after a profit warning sent the stock tumbling more than 30%. 

Morgan Stanley double-upgrades Kingfisher on expected strategy flop

Kingfisher's attempt to implement joint-buying across the group will fail again (for a third time in fact) but at their current price the shares were implicitly assigning almost zero value to almost all its units, leading Morgan Stanley to double-upgrade the stock from 'underweight' to 'overweight'. 

Cards overtake cash as Brits get more comfortable swiping

The Bank of England might be in the middle of upgrading our cash from paper to plastic, but it appears consumers are well ahead of the curve, with new data suggesting Britons are using cards more than the folding stuff for the first time ever.