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Dunelm has recorded a 101.7% rise in sales during the 13 weeks to 26 June to £380.1m, compared with last year when its stores were shut, as the crisis-fuelled homewares boom is showing little sign of slowing down.
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https://www.thetimes.co.uk/article/dunelm-furnishes-sales-rise-ld27ml2jr

After a strong pandemic performance, homeware retailer Dunelm (DNLM) looks set out to pay out bumper dividends, says broker Peel Hunt.

Analyst John Stevenson reiterated his ‘buy’ recommendation and target price of £17.50 on the stock, which closed down 6.3%, or 90p, at £13.49 on Wednesday after a quarterly update that showed revenues up 43.9% against 2019. Profit for the full year is expected to be £158m, or £9m ahead of Stevenson’s previous forecast.

The analyst said the cash balance of £129m is also ahead of expectations and ‘management is committed to a return to published capital policies’.

‘Historically, this would mean gearing up to…and paying out surplus cash as a special. In reality, we would expect some caution given uncertainty as to whether any Covid-19 restrictions might return over winter,’ he said.

However, by the company’s 2022 financial year, Stevenson expects the retailer to hold cash of over £350m, and has ‘pencilled in combined financial year 2021 and 2022 dividend payments of £270m’ by September 2022. Dunelm could end up paying out even more ‘given the current strength of the balance sheet’, he added.

Equities on major European stock exchanges were lower in premarket trade on Wednesday as traders digested the economic data report on inflation in the United Kingdom and awaited the industrial production data for the Eurozone. Later in the day, ECB Executive Board member Isabel Schnabel is set to deliver a speech.

The DAX lost 0.21%, London's FTSE 100 decreased by 0.12% and the CAC 40 declined 0.22% at 8:00 am CET.

The euro was up 0.10% compared to the dollar at 8:01 am CET, trading at 1.17883. The British pound rose by 0.19% against the American currency, going for 1.38380 concurrently.

Breaking the News / MS

Equities on major European stock exchanges were lower in premarket trade on Wednesday as traders digested the economic data report on inflation in the United Kingdom and awaited the industrial production data for the Eurozone. Later in the day, ECB Executive Board member Isabel Schnabel is set to deliver a speech.

The DAX lost 0.21%, London's FTSE 100 decreased by 0.12% and the CAC 40 declined 0.22% at 8:00 am CET.

The euro was up 0.10% compared to the dollar at 8:01 am CET, trading at 1.17883. The British pound rose by 0.19% against the American currency, going for 1.38380 concurrently.

Breaking the News / MS

?Superdry co-founder and CEO Julian Dunkerton has been given Organic Ambassador status at the BOOM (Best of the Organic Market) Awards 2021.

It cited Dunkerton’s “passion for organic” playing a major role in his vision for the fashion retailer’s future, noting Superdry is currently supporting over 1,800 farmers to transition to organic farming methods, cultivating land across India.

Superdry aims to make all of its 100% pure cotton garments in organic, or organic-in-transition, cotton by 2025 and aims to convert 20,000 farmers to sustainable organic farming practices over the next four years

Announcing its organic cotton programme earlier this year, Dunkerton said: “We are embedding sustainability in every part of the business, which I believe is important to our customers and is critical to lowering our impact on the planet. While we continue to challenge ourselves and the industry, this is an exciting milestone for Superdry on its journey to become one of the leading global sustainable fashion brands.”

Also earlier this year, Superdry introduced a partnership with global football star Neymar Jr to champion sustainability with a 100% organic underwear and sleepwear collection.

The UK-based BOOM awards event is organised by organic certifier Soil Association Certification in partnership with online retailer Ocado

Strange the link didn’t work in the original post, here it is again… who knows!

https://uk.fashionnetwork.com/news/Superdry-chief-wins-organic-ambassador-award,1318940.html

https://uk.fashionnetwork.com/news/Superdry-chief-wins-organic-ambassador-award,1318940.html

https://www.theguardian.com/business/2021/jul/13/uk-retail-sector-records-fastest-quarterly-growth-on-record

Equities in Europe traded in the flat territory in the premarket on Tuesday amid concerns the rise in infections from the Delta variant of COVID-19 could endanger the continent's recovery from the still ongoing pandemic. French President Emmanuel Macron warned his country is facing a new crisis linked to the new strain and announced new measures to contain its spread. British Prime Minister Boris Johnson also urged caution with the public despite England's plans to reopen on July 19.

Traders will also focus on the reports on Germany's consumer prices and Britain's financial stability, which will be released later this morning.

The DAX, the FTSE 100, and the CAC 40 all stood flat at 8:00 am CET. At the same time, the euro and the pound both traded evenly against the dollar, selling for $1.18598 and $1.38862, respectively.

Breaking the News / JR

Equities in Europe traded in the flat territory in the premarket on Tuesday amid concerns the rise in infections from the Delta variant of COVID-19 could endanger the continent's recovery from the still ongoing pandemic. French President Emmanuel Macron warned his country is facing a new crisis linked to the new strain and announced new measures to contain its spread. British Prime Minister Boris Johnson also urged caution with the public despite England's plans to reopen on July 19.

Traders will also focus on the reports on Germany's consumer prices and Britain's financial stability, which will be released later this morning.

The DAX, the FTSE 100, and the CAC 40 all stood flat at 8:00 am CET. At the same time, the euro and the pound both traded evenly against the dollar, selling for $1.18598 and $1.38862, respectively.

Breaking the News / JR

https://www.egypttoday.com/Article/3/105963/Egypt-signs-4-new-contracts-for-gold-minerals-exploration-with

Unusual Mrtibbles I have recent experience of signing and counter signing where one solicitor obtained a signature from his client and the other solicitor obtained a signature from his client on a copy of the same contract.
Both solicitors confirmed to each other that both clients had signed a copy of the contract and then through the passage of time one main contract was signed by both clients.
Michael Horgan was on a zoom screen so although he was holding what looked like the same document as the Egyptian government officials were signing I could well see how a week or two could lapse before official confirmation is released by Centamin.
Then again they might confirm tomorrow at 7 AM

I don’t believe we will see an individual RNS prior to the the Q2 numbers due on July 22nd.

Of course I could be wrong.

I think Boo’s current fair value should be about £3.70

ASOS have reported a teaming up this morning

https://www.lse.co.uk/rns/ASC/asos-and-nordstrom-announce-topshop-joint-venture-icummfbod9gpxh0.html

And are expected to report strong trading this week which I believe will be mirrored by Boo

https://www.dailymail.co.uk/money/markets/article-9778129/Topshop-takeover-fuels-sales-boom-Asos.html

Major stocks in Europe were in the red premarket on Monday with the recently announced agreement on the global minimum corporate tax in focus. European Council President Charles Michel praised the deal as a "further step towards a fairer world." In business, TSMC reported it was in negotiations to purchase the BioNTech SE COVID-19 vaccine.

The FTSE 100 lost 0.38% at 7:47 am CET, while the DAX decreased 0.21%. The CAC 40 surrendered just 0.06% at the same time.

The euro and the pound were down 0.09% and 0.14% against the dollar at 7:48 am CET, changing hands for $1.18670 and $1.38846 respectively.

Breaking the News / MD

Major stocks in Europe were in the red premarket on Monday with the recently announced agreement on the global minimum corporate tax in focus. European Council President Charles Michel praised the deal as a "further step towards a fairer world." In business, TSMC reported it was in negotiations to purchase the BioNTech SE COVID-19 vaccine.

The FTSE 100 lost 0.38% at 7:47 am CET, while the DAX decreased 0.21%. The CAC 40 surrendered just 0.06% at the same time.

The euro and the pound were down 0.09% and 0.14% against the dollar at 7:48 am CET, changing hands for $1.18670 and $1.38846 respectively.

Breaking the News / MD

Equities in Europe traded higher in the premarket on Friday ahead of the United Kingdom's latest reports on the gross domestic product (GDP) in May, industrial production, and trade balance. The European Central Bank (ECB) will also have another Monetary Policy Meeting, preceded by its President Christine Lagarde's speech.

Previously this week, the ECB announced it has changed its inflation target from "below, but close to 2%" to 2% amid a possibility of a "transitory period" due to the still ongoing COVID-19 pandemic. Meanwhile, Lagarde said the bank is ready to react in case there are significant deviations from that goal.

The DAX traded 0.27% higher at 7:44 am CET. At the same time, both the FTSE 100 and the CAC 40 went up by 0.19%. The euro lost 0.09% to the dollar at 7:47 am CET, selling for $1.18345. A minute later, the pound sterling stood flat against the greenback, changing hands for $1.37818.

Breaking the News / JR

Happy Friday y’al

Equities in Europe traded higher in the premarket on Friday ahead of the United Kingdom's latest reports on the gross domestic product (GDP) in May, industrial production, and trade balance. The European Central Bank (ECB) will also have another Monetary Policy Meeting, preceded by its President Christine Lagarde's speech.

Previously this week, the ECB announced it has changed its inflation target from "below, but close to 2%" to 2% amid a possibility of a "transitory period" due to the still ongoing COVID-19 pandemic. Meanwhile, Lagarde said the bank is ready to react in case there are significant deviations from that goal.

The DAX traded 0.27% higher at 7:44 am CET. At the same time, both the FTSE 100 and the CAC 40 went up by 0.19%. The euro lost 0.09% to the dollar at 7:47 am CET, selling for $1.18345. A minute later, the pound sterling stood flat against the greenback, changing hands for $1.37818.

Breaking the News / JR

Happy Friday y’al

A headline will probably follow.

https://www.soilassociation.org/certification/events/boom-awards/

Wow Rebess you could nearly pass for a shorter… serves no purpose posting negative comments.
I suggest you read Mrtibbles post of yesterday entitled
“RE: Come the day for more MandA”
posted at 10:25 it has 6 likes and gives a pretty accurate account of the current state of play.

The ftse is off by 1.37%, if England win on Sunday expect the market to go into the ground like a dart on Monday.