Matt Britzman, senior equity analyst, Hargreaves Lansdown: “There is a ‘wait and see mood’ on the markets as uncertainty weighs about the outcome of what appears to be a deadlocked…
Primark
Market report: Pulse of positive sentiment, bargain hunters target Primark, Crest Nicholson profits fall
Susannah Streeter, head of money and markets, Hargreaves Lansdown: ‘’Positive sentiment appears to be clinging on, following continued optimism emanating from Wall Street about the prospects for a softer landing…
Associated British Foods – strong sugar performance sweetens results Aarin Chiekrie, equity analyst at Hargreaves Lansdown: “The key Primark business has benefitted from a changing retail landscape over the past…
Sophie Lund-Yates, lead equity analyst at Hargreaves Lansdown: “Not all retailers are made equal. Primark expects to report a 15% increase in sales for the full year, largely driven by…
Full year revenue rose 22% to £17.0bn, ignoring the effect of exchange rates, largely driven by a 40% increase at Primark to £7.7bn. The group benefitted from increased traffic as…
Market report: Energy shock still a European nightmare while optimism returns to Wall Street
Optimism returns to Wall Street amid hopes inflationary pressures are easing. The energy shock remains The Nightmare on Downing Street with echoes of 1985 in the pound’s fall Recession warnings…
Investor confidence in UK economic growth drops as Primark warns of price rises and oil inches up
HL index shows confidence in UK economic growth has fallen 9%. Pound hovers around 18 month lows amid worries about UK growth. The HL monthly index shows 21% rise in…