AB Foods sits firmly at the bottom of the UK 100 this morning, its shares down 4.1%, back around June lows, following a disappointing Q3 trading update. Revenues +3% was only really +2% once the flattery of currency movements was stripped out. This might be no worse than what was reported at the half-year stage,…
It may be a mixed trading update from Sainsbury this morning but traders like it nonetheless. The result is the shares +1.2%, in silver medal position on the UK 100 . Q1 like-for-like retail sales (ex-fuel) of 0.2% was in-line with Bloomberg consensus, however, groceries +0.5% was well down on Q4’s +2.1% and missed +0.7%…
Shares in household and personal care products supplier McBride slumped up to 18% this morning after the company said full year 2017/18 adjusted pre-tax profits would be “marginally below the lower end of analyst expectations”. The trouble is that “marginally below” is still worse than even the most pessimistic of number crunchers. And traders don’t…
Not even two months after Sainsbury and Asda proposed a merger that could further consolidate an already concentrated UK grocery market, #1 Tesco today announces its intention to form a strategic alliance with France’s Carrefour, France’s #3 behind System A (Auchan/System U partnership) and Leclerc. The aforementioned merger has understandably generated concern about how promised…
A beat of a butterfly’s wings in China can cause a hurricane over the Pacific and the opening of one man’s Twitter account can cause a massive UK Index rally or sell-off. Especially when that man is Donald Trump. I don’t need to explain to you who Trump is and why his words have immense…
This week the UK 100 looks set to close a shade lower. However this masks an impressive sell-off and rebound that could yet turn into a bullish breakout that takes the index back towards June highs, perhaps even May’s record peak. Having kicked off the week on the back foot, amid fresh fears of a…