It’s a stock picker’s market: The post-Christmas trading update season has kicked off much as expected, with 58% of the announcements guiding to no change in expectations and the ratio of the upgrades to downgrades running at 7:3 for Consumer trading updates to end-Friday 16 January. We have tracked 24 announcements to date and we expect the final total to exceed 40 by end-January. The numbers have dropped from a recent high of +100 announcements in 2023, which reflects the transfer of companies ....
