FTSE 100 continues its run; Superdry says bye bye to LSE - Market Report 

The FTSE 100 has continued its recent rally with the index up 36 points in early trading at 8,259.
Sterling is also going well with the pound hitting a twelve-month high against the dollar after yesterday’s GDP data. Britain’s economy grew by 1.4% year-on-year in May, outstripping the expected growth rate of 1.2% and doubling April’s 0.7% gain.
Privately-owned UK-based chipmaker Graphcore has been acquired by SoftBank, the owner of Nasdaq-listed British chipmaking giant Arm.
The deal's value is estimated at over $600 million, below the $700 million previously raised in venture capital, and significantly less than Graphcore's $2.5 billion valuation in 2020.
Emerging markets-focused fund manager Ashmore saw net outflows swell to US$2 billion in its latest quarter, although it stated that market returns had been positive.
Finally, distressed fashion chain Superdry PLC will have its last day of trading on the London Stock Exchange today, bringing its listing to an end after 14 years.
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