Shares in grocer J Sainsbury have failed to emulate smaller peer Morrisons, the former opening a mere 1.8% higher this morning, compared to the latter’s 5% jump yesterday. The more muted response to its Xmas trading statement (15 weeks to Jan 6) can be pinned on a host of reasons that require digging into the results. Only…
The UK high street is under pressure like never before, under attack from rising constraints on consumer credit, an increasing inflationary pinch on pockets as a result of slow wage growth, and the growing threat of online retailers. Facing considerable pressure from short positions amassed by institutional investors, many onlookers have begun to weigh up…
Shares in grocer Morrison top the UK 100 this morning after a Xmas trading statement that easily beat expectations (total like-for like sales ex-fuel +2.8% vs +1.8% est.), challenging even last year’s tough comparables, thanks to strong UK consumer spending during the festive period. Reassuringly, we saw stronger than forecast contributions from both the Retail…
Macro observations Monday’s headlines may be dominated by the UK Cabinet reshuffle, however realistically, the political manoeuvrings within the Conservative Party are unlikely to have a major bearing on the Pound. In fact, there is very little by way of UK news this week that will impact Sterling. Instead, events in Europe, the US and…
Micro Focus shares are almost 10% off-side this morning after its first set of results since completing the HPE Software acquisition. Whilst H1 financials themselves failed to live up to City expectations – both MF and HPE growth undershot – there is good news in the form of a 16% dividend hike and looming US…
It’s been a fantastic start to the new year for Accendo Markets’ equity trade ideas. Market sentiment remains as positive as it did into Christmas and the global equity rally has continued with gusto, supported by solid macro data and geopolitical uncertainty failing to concern, merely extending an already impressive Santa Rally on both sides of…