Prior to the EU vote, fears of Brexit undermined consumer confidence and spending patterns, and sterling weakened against the US$ and the €. Wider fears for employment, consumer spending and economic slow-down had hit Retail stocks significantly (-10% rel. YTD). Friday’s surprise Brexit vote has impacted Sterling again and will further knock confidence and spending too. The sector came under material further pressure as a result, falling 10% on the day vs the Allshare’s 3%. As noted on Friday, t ....
27 Jun 2016
N+1 Singer - Retail - Matthew - Brexit driven forecasts and valuation update
boohoo group Plc (BOO:LON), 34.4 | Debenhams (DEB:LON), 0 | Halfords Group Plc (HFD:LON), 155 | Howden Joinery Group PLC (HWDN:LON), 877 | N Brown Group plc (BWNG:LON), 14.4 | Brand Architekts Group plc (BAR:LON), 28.5 | Sanderson Design Group PLC (SDG:LON), 103 | BCA Marketplace (BCA:LON), 0
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N+1 Singer - Retail - Matthew - Brexit driven forecasts and valuation update
boohoo group Plc (BOO:LON), 34.4 | Debenhams (DEB:LON), 0 | Halfords Group Plc (HFD:LON), 155 | Howden Joinery Group PLC (HWDN:LON), 877 | N Brown Group plc (BWNG:LON), 14.4 | Brand Architekts Group plc (BAR:LON), 28.5 | Sanderson Design Group PLC (SDG:LON), 103 | BCA Marketplace (BCA:LON), 0
- Published:
27 Jun 2016 -
Author:
Matthew McEachran -
Pages:
6
Prior to the EU vote, fears of Brexit undermined consumer confidence and spending patterns, and sterling weakened against the US$ and the €. Wider fears for employment, consumer spending and economic slow-down had hit Retail stocks significantly (-10% rel. YTD). Friday’s surprise Brexit vote has impacted Sterling again and will further knock confidence and spending too. The sector came under material further pressure as a result, falling 10% on the day vs the Allshare’s 3%. As noted on Friday, t ....