RE: What wasn't to like?3 Oct 2024 08:31
Whilst the company maintained guidance, it now included earnings from Hibbert which were previously going to be in addition. So effectively, guidance for the year was reduced.
Add in Nikes decline and the currency issues ( which have been slightly reduced since yesterday morning) and there are a few reasons for the drop.
Also, I'm getting the impression people are a bit nervous about putting their miney into UK shares until we know what is going to be said in the budget at the end of october.