5 Killer Stats
Sales at Greggs
The resilient high street baker has pivoted towards the convenience food market and continues to deliver the goods. Results for 2018 saw sales break through the billion-pound barrier for the first time ever – and that’s before accounting for the company’s new vegan sausage rolls, which went on sale at the start of the year.
Sales at Sainsbury’s
Kantar Worldpanel data covering the supermarkets showed that Sainsbury’s sales fell by 1% over the 12 weeks to February 24th. That includes the critical shopping Christmas period and contrasts with a 1.3% increase in sales at rival Tesco. Shares were however largely unmoved, with last month’s news that the merger with Asda was looking unlikely having already taken a significant toll.
Added to British American Tobacco shares
News this week that a US regulator who had been a vigorous opponent of the tobacco industry was stepping down to ‘spend more time with his family’ sent shares in the sector soaring. Analysts say the move calls into question whether the Food & Drug Administration will proceed with tougher regulation of the sector, included a proposed ban on menthol cigarettes in the US, which accounts for 25% of BAT group profits.
Assets under management at L&G
The insurance giant reported earnings this week, including news that it was the first UK investment manager with a trillion-pound portfolio, despite the underlying market weakness that was seen last year. Profits were up 10% but with responsibility for a growing number of annuity pensions, there’s concern that performance like this may not be sustainable. Shares fell 4% as a result.
Revenues at Just Eat
Online takeaway and food delivery service Just Eat impressed with earnings this week reversing a £76 million loss in 2017 and transforming that into a £101 million profit. The company also said that for the current year, it expects revenues to break the £1 billion mark, that’s 30% up on the 2018 figure and would give the company the same turnover as Greggs achieved.
For information purposes only, not intended to constitute financial advice from us. The customer should assess the risk of potential loss carefully and individually before investing in any financial products. Dabbl Group Limited is authorised by the FCA under the reference numbers 767263 as an appointed representative of its Principal firm VIBHS Financial Ltd, which is authorised and regulated by the Financial Conduct Authority under the reference number 613381.