Nichols has issued a reassuring AGM trading update covering Q1-19. The UK has sustained the positive momentum of recent years and International has got off to a strong start, albeit vs soft comps. Whilst the UK consumer / grocery sector backdrop remains uncertain, we feel Nichols is well placed to build on the good start to the year as it enters the busier trading periods. We make no forecast changes at this juncture. Nichols is one of our key N+1S 2019 stock picks and to date the recommendation ....
