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Shopping around for Retail bargains

As every trader knows, after the holiday season comes earnings season. And while every trader will have their favourite sector to trade, there’s always one that falls under the spotlight ahead the others. This year has been no exception, with the Retail sector stealing the headlines, some companies for good reasons, and a lot more…

Another bad day for the UK High street

It’s another bad day for the UK high street with more profits warnings, this time from Bonmarche, Carpetright and Dignity. Trading updates from the trio only add to a stream of negative new year messages from management about poor footfall, cost conscious consumers and growing preference for online versus in-store. Share price drops of 28%…

AB Foods: Primark sugar-coating fails to impress

Shares in Associated British Foods are offside this morning after the release of its key Christmas trading update, despite flagship Primark stores bucking a wider retail slowdown on the UK high street. Sales at the budget clothing chain improved 9% YoY, a record for the Christmas period, however accounting for constant FX the numbers were…

What do Wall Street results mean for UK banks?

During the bitter January months, traders on both sides of the pond have become acclimatised to the frantic beginning of earnings season. And in the midst of the deluge of results, one sector that is watched closer than any other are the Banks. Its our stateside cousins that take the lead, with major names having…

Burberry: Another disappointing update

When the highlights of a Q3 trading statement reiterate the multi-year turnaround plan you presented in November alongside an ugly profits warning (“margins won’t grow until 2021”), there’s a good chance that the growth figures and outlook will disappoint. And so we find Burberry shares 7% offside this morning, breaching multi-month lows to trade levels…

Accendo’s Foreign Exchange Forecasts, Tuesday 16 January 2018

Macro observations Ahead of next week’s key European Central Bank monetary policy update, and the closely watched Davos summit in Switzerland, Euro traders will be keeping their eyes peeled and their ears open for any policy snapshots divulged by policymakers. So far this week, however, it has not been good news for the Bulls. Already, ECB…

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