Week Ahead: Supermarket sweep
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
Company
LON:HAS
Hays plc is a United Kingdom-based recruitment group engaged in the provision of specialist recruitment of permanent and temporary, professional and technical staff. The Company operates in three geographical segments: United Kingdom and Ireland, Continental Europe and Rest of World, and Asia Pacific. As of June 30, 2008, the Company operated in 19 countries in the region and has opened operations in Hungary and Denmark. It operates in various sectors, such as accountancy and finance, construction and property, information technology, sales and marketing, banking, contact centers, education, executive, financial services, healthcare, human resource, legal, oil and gas, pharmaceutical, purchasing, resource management, and resources and mining.
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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
Investments and investor services
Lonmin, Pearson, SThree, Hays, and Robert Walters are in Thursday's broker spotlight
Investments and investor services
Caution on the growth outlook and the lack of any increase in the number of hawks on the committee makes a rate hike this year unlikely
London’s blue chips rallied after a weak start as interest rates dominated sentiment across Europe.
Despite a strong quarter, particularly in continental Europe, Hays was wary of the macro-economic environment.
Footsie eased 7 points lower at 6,329 even though there were good gains overnight for markets in the US and Shanghai.
Investments and investor services
Below are the main news-driven share price movements at 4pm.
Aside from a closely watched interest rate decision from the BoE, corporate announcements on Thursday include trading updates from construction and support services firm Carillion and sugar giant Tate & Lyle.
Tesco and Vedanta catch the eye next week which kicks off with the Conservative party conference.
Archive
Britain's blue chips closed Thursday over 3% higher as traders put recent worries behind....
Chinese markets rose "as state-directed investors bought shares to ensure positive close"
Investments and investor services
US top flight shares gained 620 points and Chinese stocks had a rebound
Chinese markets rose "as state-directed investors bought shares"
Oil service providers Amec Foster Wheeler, Lamprell and Hunting, are scheduled to update the market on Thursday.
Recruitment group said permanent recruitment fees rose 14% in the quarter
Archive
The fall-out from Wednesday’s Budget will clearly be a big topic on Thursday but also in focus will be a trading statement from Barratt.
We had conflicting messages from the housing sector last week, so trading updates from Bovis, Barratt and Taylor Wimpey might provide more clarity.