SSE (SSE)

 
 

Market report: Record Primark sales keep AB Foods growing, Costa sales slow, GKN fights back

Record sales at discount fashion chain Primark will bolster a firm full year of profits at patent Associated British Foods (ABF). The FTSE 100 company, controlled by the Weston family, maintains its full year earnings guidance in a trading update issued on Thursday. The update shows quarterly revenue growth across all of its businesses apart from sugar. Sales at Primark rose 7% in the three ...

Market report: Sports Direct profits slump 60%, shares rally on revenues beat

Mike Ashley’s Sports Direct (SPD) is well supported by investors in early trading on Thursday as better than expected sales offset a big fall in profits. The shares rise more than 5% to 316.1p in spite of underlying pre-tax profit diving to £113.7m in the year to 30 April, a performance blamed on the slump in sterling and soaring depreciation charges. That’s down from £275.2m in 2016. Yet ...

Election countdown: what each political party manifesto might mean for investors

The UK is now a week away from voting in the general election. At the time of writing, the Conservative Party held the lead in the polls although the gap against Labour has narrowed. The current market rally, as represented by the domestically-focused FTSE 250 index, implies a Tory victory. There wouldn’t be any radical changes to how the country is run and Theresa May could concentrate on ...
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