After a stellar sales performance and the success of its vegan sausage roll earlier in the year, Greggs third-quarter update has been slightly disappointing. The high-street bakery reported a slight slowdown in like-for-like sales growth to 7.4% to the end of September. The results are far from catastrophic – in fact they still keep the…
Tesco will release its half year trading figures this week – can it beat the constraints of the increasingly competitive supermarket sector? The supermarket has seen its shares rally 20% already this year, and prices currently stand at 244p at time of writing. Its expected that Tesco will report earnings of 7.5p per share, which…
It’s not surprising that in the aftermath of Thomas Cook’s collapse this week, share prices for rival Tui have risen. The holidaymaker’s share price was 903.20p at the time of writing, down slightly after an initial ten per cent gain on Monday. Thomas Cook crashed spectacularly into liquidation under a £1.7 billion mountain of debt,…
Challenger bank, Metro, has been in free fall this week after starting its trading as an investor’s dream in 2016. The latest catastrophe to hit Metro is its decision to pull out of a £200m bond sale, which it needed to comply with EU MREL regulations. Metro’s share price fell by 30%, taking it to…
The UK market action for the week has been dominated by Brexit-related headlines. The UK Supreme Court nullified the prorogation order and paved the way for the UK Parliament to resume sitting. The week started with the troubling news of the collapse of Thomas Cook, the world’s oldest travelling agency. This news, coupled with a…
Luxury fashion brand Burberry earned kudos in the style stakes and on the stock market after its carbon-neutral London Fashion Week show attracted wide-spread accolades. Shares shot up by 37p, now standing at 2137p at the time of writing. The fashion house has seen a long period of uncertainty recently, as it implements a revised…