5 Killer Stats

Up to £10m

Profit forecasts at Dunelm Group

Dunelm Group published a trading update at the start of the week, showing revenues up by almost 10% and margins growing by 2%. The company expects full year profits to benefit as a result, leaving shares to jump by more than 13% on Monday. Consumer uncertainty may be building, but clearly there’s still strong demand for soft furnishings.
Up to £10m

Down 0.4%

Sales at Sainsbury’s

The retailer posted it’s latest trading update this week. Overall sales were down 0.4% and although the Chief Executive reported that general merchandise sales performed well over the immediate Christmas period, they still fell 2.3% on the same period last year. However, the company is hoping to buy up Asda for £14 billion this year and many investors are now hanging their hopes on regulators approving this deal.
Down 0.4%

Down 10%

Apple iPhone production

The tech giant is reported to be cutting planned production of it’s smartphones by 10% for the first three months of 2019, instead of focusing on healthcare-related services. After last week’s cut to sales forecasts, the company has been quick to defend the popularity of it’s latest iPhone model, but some of the new features found in the Apple watch appear to be taking on increased significance.
Down 10%

Up £5,000

Average UK House Prices

Date from The Halifax showed a surprise jump in the housing market in December, with average prices rising by 2.2% to just under £230,000. That follows the sharper than expected decline which was observed in November, although growth in the year ahead is still expected to be subdued compared to what has been observed recently.
Up £5,000

Up 6.8%

Sales at Majestic

The wine retailer saw a good finish to the year with sales over the last 10 weeks of the year rising notably. However the gains were hard fought and heavy price promotion saw gross margins being eroded by 1.2%. The company however believes it is onto a winning formula in the evolving world of retail and investors have been quick to raise a glass to the news with shares rising more than 5% on Wednesday.
Up 6.8%

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.