Another mixed bag from the UK retail sector this morning as Q3 updates help Pets at Home shares climb 8% while N Brown falls by 12%. Both reported positive revenue growth, with strength in online, and both reiterated full year guidance. All good so far. Pets at Home has been able to reassure shareholders with…
Macro observations In a heavyweight bout between Senate Democrats and Republicans over spending and immigration, no outright winner was crowned. Disagreements over the so-called ‘Dreamers’ programme ended with both sides walking away from a temporary government funding bill. As a result, the US Government has been shutdown for the first time since 2013, leaving hundreds…
Shares in Dixons Carphone are higher this morning as stellar Christmas trading figures and the announcement of a new CEO offset a narrowing of FY guidance. The statement, coming a day ahead of schedule after current CEO James’ notice of departure on Friday, echo the polarising Christmas period seen by UK retailers: Those with strong…
19 Jan City AM (Link) Mike van Dulken and Henry Croft, analysts at Accendo Markets, said the concerns of weak demand and rising supply were putting a dent in recent bullishness. “As a result, global benchmark Brent fell to a 10-day low of $68.50 overnight before finding support, while US crude briefly dipped below $63 before…
Big M&A is back! The last week has given us two multi-billion pound deals, one friendly and one which began as an informal approach but has since turned hostile. Both resulted in huge share price moves. The targets’ shares jumped on the offer of healthy premiums. The reaction in the acquirers’, however, suggests indecision about…
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…