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Share Price: 9,042.00
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Ask: 9,092.00
Change: -78.00 (-0.86%)
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UK retail sector bounces back, shows BRC-KPMG data

Tue, 13th Oct 2015 08:26

(ShareCast News) - Retail sales in the UK in September grew 2.6% compared to the same month last year on a like-for-like basis, as strong non-food performance was boosted by strong a weak comparative period for clothing last year and a later bank holiday this time.In total, retail sales rose 3.9%, the fastest growth since January 2014, or 5.8% adjusted for deflation.Looking at the broader three-month sales figure from July to September, total retail sales grew by 2.2% with a continued large disparity between non-food and food categories.Non-food surged 3.7%, ahead of the category's 12-month average of 3.3%, while food crawled only 0.2% higher, which was in line with the 12-month average.On a LFL basis over the three-month period total sales were 1.1% higher, with non-food up 3.1% and food down 1.4%.?Non-food was driven by strong growth in furniture, clothing and footwear, which was put down to the shift to more autumnal weather at the start of the month - in contrast to the mild conditions in September last year that hit fasion sales."Despite the start of the Rugby World Cup encouraging people to get the beers and burgers in, food and drink sales showed no signs of accelerating in the three months July to September," said David McCorquodale, head of retail at KPMG."Grocers will be hoping that consumers will continue to revel in the atmosphere in spite of England's early exit from the tournament."Moving into the final quarter of 2015, retailers will be keeping a watchful eye on Christmas with the launch of festive campaigns starting to wet consumers' appetites and Black Friday expected to be big again."Online sales of non-food products also picked up after a lacklustre August, growing by 14.2% in September versus last year.Broker Shore Capital's analysis of the numbers implied positive read-across for the likes of Carpetright, Marks & Spencer and Next.Analyst Clive Black said he hoped to see "more experience, maturity and rationality this year" from the UK's approach to the Black Friday phenomenon.
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21 Nov 2023 13:04

Deutsche Bank starts coverage of 6 retail stocks; prefers Asos, B&M and M&S

(Sharecast News) - Deutsche Bank initiated coverage on six UK retail stocks on Tuesday, with a preference for Asos, B&M European Value Retail and Marks & Spencer.

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21 Nov 2023 09:54

LONDON BROKER RATINGS: Deutsche says 'buy' B&M and Marks & Spencer

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8 Nov 2023 14:59

London close: Retail stocks rise on mixed day for markets

(Sharecast News) - London's stock markets experienced a mixed day of trading on Wednesday after a robust performance from the retail sector, led by gains from Marks and Spencer.

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London close: Stocks mixed, Ryanair leads low-cost airlines higher

(Sharecast News) - London's stock markets finished mixed on Monday, with low-cost airlines in focus as investors cheered Ryanair's latest figures.

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6 Nov 2023 09:34

LONDON BROKER RATINGS: RBC cuts Next but lifts Dunelm; Citi likes JD

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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LONDON BRIEFING: Melrose wins GE Aerospace deal; Prudential optimistic

(Alliance News) - London's FTSE 100 is set for an underwhelming start to the week, ahead of a slew of purchasing managers index readings from the continent to come.

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6 Nov 2023 07:24

RBC Capital upgrades Dunelm, downgrades Next

(Sharecast News) - RBC Capital Markets upgraded Dunelm on Monday, but downgraded Next.

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3 Nov 2023 09:31

LONDON BROKER RATINGS: JPMorgan lifts Smith & Nephew

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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LONDON MARKET CLOSE: Stocks prosper ahead of central bank rate calls

(Alliance News) - Stocks in London took their lead from a positive start on Wall Street to close higher as investors prepare for interest rate decisions in the UK and US.

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1 Nov 2023 16:35

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(Sharecast News) - London's stock market finished in positive territory on Wednesday, with investors keeping a keen eye on the upcoming policy announcement from the US Federal Reserve.

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LONDON MARKET MIDDAY: Stocks lower in cautious trade before Fed rate

(Alliance News) - Stock prices in London were lower at midday Wednesday, as investors eye two key interest rates from the US Federal Reserve and the Bank of England.

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TOP NEWS: Next ups full year profit guidance as quarterly sales grow

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LONDON MARKET OPEN: FTSE 100 up, FTSE 250 down as Aston Martin tumbles

(Alliance News) - Stock prices in London opened mixed on Wednesday, ahead of key central bank decisions, as investors were cheered by some strong updates from large-cap listings.

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