Reckitt, Imperial Brands among broker's UK recession stock picks
Household staples such as Dettol and Strepsils producer Reckitt could be good defensive stocks in a downturn
Sector
Retail & consumer
1694 stories · page 67 of 85
AB Foods: Primark margins could be in danger of further cut on Monday
Major retailers including Asos and Halfords issued profit warnings this week as consumer purses continue to tighten
THG bid deadline ends with all offers deemed unacceptable
Today represents the put-up-or-shut-up deadline set last month
H&M gets mixed reviews even with 12% sales jump
JPM pointed to warnings from Nordic online sports retailer XXL and online clothing group Boozt
DP Poland shares jump as pizza operator set to buy Domino's Croatia for £2.4mln
Nils Gornall, chief executive of AAP, will become CEO of DP Poland when the deal completes
Former McDonald's restaurants in Russia reopen under new ownership
Russia may have lost the golden arches and the Big Mac, but 15 McDonald's restaurants reopened on Sunday under new ownership
BAT reiterates full year guidance as hopes hinge on vape profitability
The tobacco company reiterated its revenue guidance of £5 billion for 2022, expecting profitability in its new products line
Cazoo downgraded after cutting guidance and hiring
The company said overnight that it will cut 15% of its workforce and reduce it marketing spend
Airbnb pulls out of China as Covid-19 outbreak cripples tourism
Airbnb will no longer book China stays or visitor "experiences", which is good news for rival Tujia, which has set up a green channel to help the US firm's 150,000 China hosts transfer to the Tujia platform
Frasers Group, B&M and Accol tipped among ‘best’ consumer stocks for the downturn
Liberum analysts reckon "there is serious upside to be had given how bombed out valuations have become.”
Moonpig to acquire Red Letter Days for £124mln cash
Over 20% adjusted EPS growth is expected in the first year
Nick Candy interested in THG takeover
Candy was also interested in taking over Chelsea Football Club, but did not make the final shortlist
EasyJet losses cut to better end of expectations
The airline expects to fly 90% of its 2019 capacity in the third quarter and 97% of its pre-pandemic schedule in the fourth
Victorian Plumbing expecting modest revenue growth after profits go down the toilet in the first half
Adjusted underlying earnings (EBITDA) plunged by two-thirds to £6.7mln from £20.1mln the year before
Chelsea FC deal is rare window on US hedge fund movers and shakers
Todd Boehly led the group, which includes private equity investment firm Clearlake Capital, Swiss billionaire Hansjörg Wyss and Guggenheim Partners chief executive Mark Walter
ASX 200, small caps all down as tech takes another beating
Tech stocks are in a bear market, with prices close to where they were back in 2000, however, earnings are far more robust in 2022 and while they have declined, they are still roughly 60% above 2000 levels.
THG cut its losses for 2021 as it promises to 'shield consumers' from macro conditions
London-listed THG experienced growth across all its divisions
Whitbread resumes dividend as it returns to profit but warns of cost inflation
The Premier Inn owner warned cost pressure in the hospitality sector is rising with cost inflation set to reach 8%-9% this financial year, 1% higher than previously anticipated
Totally sees profits beating market forecasts as Covid drives rise in demand
The company won new contracts worth £59mln and contract extensions worth £72mln in the 12-month period to end-March
Poundland owner Pepco names Trevor Masters as CEO
Pepco listed on the Warsaw stock market last May with a valuation of US$5.4bn