RE: Why is SP tanking?26 Aug 2025 09:25
50 Million market cap gone now...
BUZZ – UK retailers fall; Deutsche Bank downgrades stocks on weak consumer outlook
26 August 2025 08:50
* Deutsche Bank cuts PTs, downgrades some British retailers
* Says taking more cautious view on UK's consumer sector
* Adds 2024 end, early 2025 likely to have been sweet spots, with real wage growth set to slow, unemployment fears set to build
* Downgrades AB Foods to "sell" from "hold", cuts PT to 2,130p from 2,220p; stock bottoms FTSE 100 index , falling 4.3%
* Cuts Wickes Group to "sell" from "hold", lowers PT to 195p from 205p; stock top loser among all London stocks, slipping 8.2%
* Reduces Kingfisher's PT to 280p from 320p; downgrades to "hold" from "buy"; stock down 3.8%
* Lowers Marks & Spencer's PT to 435p from 450p; stock falls 1%