Good morning from London, where the FTSE 100 is up around a quarter of a percent so far, with the typically volatile Ocado Group PLC (LSE:OCDO) the biggest gainer so far.
The luxury grocer’s share price bounces around more than most, but has been generally trending higher since October – could it be a sign that the worst of the country’s cost of living crisis is over?
Well if things are looking easier nobody’s told fashion brand Superdry – their share price is down 20% so far on news that its likely to come in well below guidance after a miserable autumn. They’re blaming the mild and wet weather for delaying on the onset of the autumn clothe-buying season and Shore Capital’s Clive Black says the profit warning “adds a little tension into the air ahead of the forthcoming New Year trading updates from other clothing players.”
And there’s no shortage of tension for London’s big energy players today either, BP is the latest to say its halting oil and gas shipments through the Red Sea – probably a good move since several of the world’s major navies are actively engaged in hostilities there.
That’s all for now but stay tuned for interviews throughout the day with some of the biggest names in the small caps – have a great day.
