Murky future for UK companies despite bumper profits
The picture for UK companies looks “murkier” despite them posting bumper profits in the last financial year, according to the latest data from The Share Centre.
The picture for UK companies looks “murkier” despite them posting bumper profits in the last financial year, according to the latest data from The Share Centre.
A warm June propelled UK retail sales for the second quarter of the year, with strong clothing sales compensating for a decline in food and fuel sales.
Funds investing mainly in equities saw a buying spree in April as investors ploughed in £2bn into the products, according to the latest industry sales figures.
Retail sales in the United Kingdom slipped in January to undershoot forecasts, according to the Office for National Statistics.
As bargain-hungry consumers trail around the shops on both sides of the Atlantic elbowing each other out of the way to grab a heavily discounted television set on what is dubbed Black Friday, the data being generated by the combination of all these purchases is decidedly robust.
Next’s share price rose as much as 6% during trade on Wednesday despite predicting a challenging year ahead.
Evidence suggests investors used Q4 dips to buy into markets, with retail equity fund sales rebounding in November, according to the Investment Association.