Food Production equity research

Explore the most viewed and latest equity research and media content for companies within the Food Production sector. Stocks operating in this sector provide services ranging from agriculture & fishing to general food production.

Food Production equity research

Explore the most viewed and latest equity research and media content for companies within the Food Production sector. Stocks operating in this sector provide services ranging from agriculture & fishing to general food production.

Latest Content

Breakfast Today

  • 21 Mar 17

"The trigger will be pulled on the 29th March – two days before Theresa May’s own self-imposed deadline. Under Article 50 treaty provisions this should theoretically see Britain out of the EU at the end of a two-year negotiating period, although the Prime Minister has already suggested to the House of Commons that the complication of the exercise it see could take longer. In an otherwise quiet day for the London markets, during which financials softened and miners were knocked by falling minerals prices, equities still managed to tick upward curtesy of the Pound slipping against both the US$ and Euro on the news. Just a fractional move by the close, but still enough to push the FTSE-100 to a new record high, as defensives and income stocks including consumer staples found favour. US equities, by comparison, were again struggling to maintain the record pace set during the first 10 weeks of the year, as the US$ fell a further 0.1% having just posted its worst week against the international basket since July. Janet Yellen’s less hawkish than expected tone last week is now reflected by Fed Funds discounting just 1.5 remaining moves for this year followed by two next, compared with her existing guidance of 5 hikes over the duration. Given that equity valuations are heady right now and until President Trump can convincingly demonstrate his ability to ‘walk-the-walk’, negotiating Congress’ arch-conservatives through major tax, policy and budgetary proposals, sceptical investors do not need much convincing to take a little money off the table. U.S. government bond yields, meanwhile, fell to their lowest level in more than two weeks on Monday, extending last week's slide as the Federal Reserve soothed expectations of a spike in yields; the benchmark 10-year Treasury note was 2.472% in late trading, compared with 2.5% Friday, its lowest since March 1. This leaves the European markets to be the ones that could surprise on the recovery front, with traders now increasingly pondering the European Central Bank's next policy step, which could begin an exit from quantitative easing, as opposed to more loosening, which in turn has lifted the Euro and added to US$ pressures. German central bank President Jens Weidmann is the latest to stir this particular expectation, suggesting yesterday that the ECB should slowly start to retreat from its easy-money policies, even though Greece’s ongoing talks with creditors have still provided no breakthrough regarding labour reforms and threaten to derail the country’s bailout. Stocks were modestly mixed in the Asia-Pacific region, with Japanese equities knocked by a stronger Yen while the Chinese markets drifted mildly positive in the absence of new stories. A busy economic calendar today, however, may help provide this, with a large batch of UK releases including February Retail and Producer and Consumer Prices, as well as Public Sector Net Borrowing and the CBI’s March Industrial Trends Survey. Later in the afternoon, the US is scheduled to contribute its Redbook index plus Q4 Current Account data, while speeches are expected from the Fed’s Ester George and the FOMC’s Loretta Mester. UK corporates due to release earnings or trading updates include Bellway (BWY.L), Mears Group (MER.L), 888 Holdings (888.L), Fevertree Drinks (FEVR.L), Smart Metering Systems (SMS.L) and SCS Group (SCS.L). Save for any particular surprises from this quater, London is expected to take its hint from the lacklustre overnight markets, with the FTSE-100 seen gaining around 5 points in early trade." - Barry Gibb, Research Analyst



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