RE: So who is selling ?18 Mar 2026 11:18
Because in the UK the government policies have added so much on cost to the business, and GDP is flatlining, so very little opportunity to raise prices to counter the on cost = margins squeezed, then add on the further on cost for the middle east turmoil with still little hope to capture that in the selling price, plus the real big fear that discretionary spending in UK and US drops materially due to the ME, means a material risk that sales keep dropping, whilst costs go up. All this is the Bears view, and hence why at the moment the overriding momentum is more sellers than buyers. Proof via TU that the future isn't as bad as the bears think will quickly turn this with the support of the 2m buybacks and this could recover as quickly as it fell