Week Ahead: Housebuilders and retailers to face referendum grilling
Reports have suggested the EU referendum result is likely to depress house prices
Company
LON:ABF
Associated British Foods is a diversified international food, ingredients and retail group with sales of £10.2 billion and 97,000 employees in 44 countries.
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Reports have suggested the EU referendum result is likely to depress house prices
London’s stocks edged higher on Wednesday after a see-saw session one day ahead of polling in a historic referendum on the country’s future relations with the European Union
Remain held in a narrow lead in the polls, but Brexit risk remains.
ABF said adjusted pre-tax profit in the 24 weeks to February 27 rose 4% to £466mln
A summary of today's major corporate announcements in the UK
Utilitwise is keen to align supplier commercial terms to improve cash conversion
Ascent Resources topped the small cap leader boards amid confirmation of a possible merger with Ukraine focussed Cadogan Petroleum.
Investments and investor services
Petrofac, Soco International, Associated British Food, Cobham, Barclays, and Vesuvius are all in Friday’s broker spotlight.
Archive
Boris Johnson is massively popular, and his pronouncement on Britain's continued membership of the EU has hit the pound hard this morning. Jeremy Corbyn is also massively popular ... in certain circles at least.
Sterling's recent weakness has been a boon for the diversified holding company
It's a heavy week for trading updates, with the banks to the fore
Tesco reported its first group like-for-like sales increase for more than four years
The diversified food and clothing group left its full-year outlook unchanged after a solid start to its new financial year
With food prices in decline, supermarkets are finding it hard to grow like-for-like sales, but it means the Bank of England is in no hurry to raise interest rates to combat inflation
The twin perils of food deflation and the hard discounters continue to threaten the supermarkets, while the warmish weather has caught firms on the hop
A light hearted look at shareholder perks that are available. Great news for beer swilling clothes horses in need of a telephone line rental.
Canadian broker RBC Capital Markets has made Dixons its general retail top pick for 2016,
Investments and investor services
Below are the main news-driven share price movements at 4pm.
Investments and investor services
Berkeley Group's pledge to return a whole wodge of cash to shareholders is doing wonders for the share price