Beleaguered fashion and homewares retailer, Laura Ashley, saw its share price slide by 40 per cent this week after it admitted it was looking for an emergency injection of funds. Its stock has shot up again now by just over 18 per cent, now standing at 2.10p, after its majority shareholder Malaysian group MUI, agreed…
Price comparison site Moneysupermarket.com has topped the table for investors after an 11 per cent price share surge following robust full year results. The site, which compares and switches financial products for consumers, posted results in line with market expectations, reporting a nine per cent increase in group revenue from £355.6m to £388.4m. The stock,…
A revival in the UK housing market, and the news that the HS2 railway line, will go ahead is boosting share prices for building companies. Britain’s biggest builder’s merchants, Travis Perkins had its rating upgraded from analysts Citi from ‘neutral’ to ‘buy this week’. Its share price had risen just over one per cent yesterday,…
UK economy and business expectations over the next 12 months The biannual Boardroom Bellwether survey published this week by ICSA, the governance institute, provides insight into the boardroom sentiments of companies about the UK economy over the next 12 months. The survey included 65 companies from more than a dozen sectors, reported that 69%…
Could The Mortgages Be Fooling You? Consumer spending is generally expected to be an outcome of consumer confidence. British Retail Consortium’s July report followed by poor results posted by retail segment were well understood on the back of consumer confidence indices which were low probably due to hard Brexit fears along with global slowdown….
Can housebuilders defy the Brexit blip? Housebuilders have had a turbulent time in recent years, and as fears about Brexit and its impact on the property sector gather pace, you would expect share prices to struggle. However, some housebuilders have shown surprisingly strong performances recently, especially given the current economic turbulence. Barrett PLC, for example,…