Accendo Press Quotes - Week Ending 26 January

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Accendo Press Quotes – Week Ending 26 January

26 Jan

WebFG (Link)

Henry Croft, research analyst at Accendo Markets, said: “Trump has already extended a debated that should have been put to bed with a simple dismissal of sentiment. However, in his haste to correct – read, undermine – his Treasury Secretary, the President has in avertedly done much more. Talking the dollar up or down has now become the key takeaway from Davos. Expect this theme to continue into the close of the event, and perhaps continue the debate into the days and weeks to come.”

25 Jan

The Telegraph (Link)

Mike van Dulken, head of research at Accendo Markets, said: “After being tarred with the same brush as fellow Government outsourcers and project managers lately, sentiment may be on the turn.”

24 Jan

Financial Times (Link)

“The low-cost, no-frills pub chain continues to benefit from a perceived change in UK consumer spending as drinkers move away from higher-cost, higher-end watering holes in order to enjoy creature comforts at much lower expense,” said Henry Croft, research analyst at Accendo Markets, a trading group.

23 Jan

City AM (Link)

Michael Van Dulken, head of research at Accendo Markets, said: “And here-in lies the problem as this new shape means a significant deterioration in the key products gross margin, due to bigger discounting, being offset by improvement financial services margins. And for a retailer, growth should really dominate from the former, not the latter. Especially amid concerns about an already overleveraged UK consumer.”

22 Jan

London South East (Link)

“The announcement replacement CEO Alex Baldock – current CEO of Very.co.uk and Littlewoods.com parent Shop Direct – just days after James’ resignation will also be seen as a positive by shareholders (was the incumbent nudged towards the door?), confident that he can deliver a similar turnaround for Dixons to steady the ship during an overhaul in consumer spending patterns away from shops and towards online,” said Henry Croft of Accendo Markets.

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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research

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