We explore the Brexit scenario to focus the mind and address 3 key issues which will become pertinent for our Consumer / Leisure research coverage if the Leave vote prevails. Namely, lower consumer demand, sterling weakness and labour cost pressure. We identify winners and losers and provide individual stock assessments from both a risk and upside perspective. Clearly if the outcome is Remain, then “sold off” UK consumer discretionary stocks are expected to bounce.

16 Jun 2016
Brexit firmly takes centre stage
A.G. BARR p.l.c. (BAG:LON), 710 | Churchill China plc (CHH:LON), 430 | Conviviality (CVR:LON), 0 | Cranswick plc (CWK:LON), 5,060 | CVS Group plc (CVSG:LON), 1,232 | Goals Soccer Centres (GOAL:LON), 0 | Greene King (GNK:LON), 0 | Nichols plc (NICL:LON), 1,185 | Greggs plc (GRG:LON), 1,648 | Marston's PLC (MARS:LON), 36.8 | Domino's Pizza Group plc (DOM:LON), 208

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Brexit firmly takes centre stage
A.G. BARR p.l.c. (BAG:LON), 710 | Churchill China plc (CHH:LON), 430 | Conviviality (CVR:LON), 0 | Cranswick plc (CWK:LON), 5,060 | CVS Group plc (CVSG:LON), 1,232 | Goals Soccer Centres (GOAL:LON), 0 | Greene King (GNK:LON), 0 | Nichols plc (NICL:LON), 1,185 | Greggs plc (GRG:LON), 1,648 | Marston's PLC (MARS:LON), 36.8 | Domino's Pizza Group plc (DOM:LON), 208
- Published:
16 Jun 2016 -
Author:
Singer CM Team -
Pages:
12 -
We explore the Brexit scenario to focus the mind and address 3 key issues which will become pertinent for our Consumer / Leisure research coverage if the Leave vote prevails. Namely, lower consumer demand, sterling weakness and labour cost pressure. We identify winners and losers and provide individual stock assessments from both a risk and upside perspective. Clearly if the outcome is Remain, then “sold off” UK consumer discretionary stocks are expected to bounce.