October 10, 2017 in
Pegler’s market report – 10.10.17: A bumpy ride
As published in the Brighton Argus (10.10.17) Business section under the title Pegler’s Market Report: A bumpy ride The pound has had a...
August 16, 2016
As published in the Brighton Argus (16.08.16) Business on page 23 under the title Pegler’s Market Report:
Markets remain relatively upbeat
US retail sales came in unexpectedly flat in July, with slightly disappointing data for gasoline and food components. The numbers mean that the argument for a US rate rise in September is a little bit less likely.
Some commentators are concerned that builders will put the brakes on during the uncertain times we currently live in. The National Housing Federation have come out with a statement helping to restore confidence and saying that with the right flexibility from Government, and at no extra cost to the taxpayer, housing associations can keep the nation building. With many mortgage providers vowing to pass on the recent UK rate cut to borrowers despite pressure on margins, industry experts still believe there is only minimal chance of a housing slump.
The Restaurant Group that owns Frankie & Benny’s in addition to Chiquito has a new leader, which they believe is needed to turn around the company and implement the next phase of development for the business.
Trading in TalkTalk was halted for a period during the week on increased volatility after it surged as traders cited speculation of a possible approach from Vodafone.
Tour operator Tui enjoyed a robust trading session after its second quarter earnings came in ahead of expectations at €180m. It also shrugged off concerns Brexit would materially impact its performance.
On the mid-cap index, furniture retailer DFS enjoyed one of its best days ever, soaring high, after it said it sees full-year results at the upper end of market expectations. The mid-cap group said its Sofa Workshop and Dwell businesses lifted revenue for the financial year by 7pc.
The insurance group Hastings has kept pace with its ambitious growth plans so far this year, taking on more customers and boosting its profits by a fifth to £70.8m. Hastings, which targets motorists through price comparison websites, reported a 28pc rise in gross written premiums, helped by an 11pc rise in prices as the insurance market emerges from a three-year price war. A jump in drivers trying out telematics or “black box” insurance, which tracks their driving style and prices the risk of a crash accordingly, has brought 39,000 mostly younger motorists onto the books at Hastings, up 73pc over the past year.
By David Pegler, Brighton Capital Management
October 10, 2017 in
As published in the Brighton Argus (10.10.17) Business section under the title Pegler’s Market Report: A bumpy ride The pound has had a...
August 15, 2017 in
As published in the Brighton Argus (15.08.17) Business section under the title Pegler’s Market Report: North Korea tension dominates the...