Too hot or too cold, UK retailers’ reasons for poor performance is becoming ever more like goldilocks’ adventures with porridge. So how many more excuses can investors weather?
Multi-faceted companies are the best way for investors in UK consumer spending to negotiate the backdrop of falling goods prices, according to Smith & Williamson’s Tineke Frikkee.
The ability to generate strong cash flows are not a sufficient reason to buy a company, says Simon Brazier, co-head of the Investec quality team.
Tesco shares have had a volatile morning as it released dismal full year results.
As Tesco CEO Phil Clarke steps down and is replaced by former Unilever executive Dave Lewis the supermarket sector is more cut-throat than ever, and it is far from clear whether a change at the top will revive the companys fortunes.
