5 Killer Stats
Sales at Fevertree
The high end tonic water maker published a trading statement this week, indicating that its full year results would likely come in well ahead of expectations. Sales have been brisk, with the UK seeing the strongest growth amongst the company’s territories, although demand for premium mixers continues to grow across the board. Shares jumped almost 10% in early trade on Thursday, before retreating a little.
Quarterly sales at Burberry
The high end fashion retailer may have reported a 1% decline in retail revenues this week, but investors were quick to applaud the fact that forecasts were still set to be achieved and that management continues to adapt to the changing market. Shares rose around 6% on Wednesday following the news.
Dollars to the Pound
Sterling has had a good run over the last couple of weeks, as the idea of a no-deal Brexit diminishes. That’s been sufficient to drive the Pound to levels not seen since the start of November against the US Dollar, although with a swathe of uncertainty still surrounding the UK’s exit from the European Union, there could still be choppy times ahead.
Layoffs at Apple
The tech giant has this week slashed the workforce involved in its project Titan self-driving cars business. Apple apparently remains committed to the project and this is more of a restructuring. Other job losses have also been incurred, although these staff are being redeployed within the organisation.
Pets at Home revenues
The mainstream retail sector may be struggling, but many niche outlets appear to be faring better. Pets at Home published a 12 week trading statement on Tuesday and like for like revenues saw an inflation-busting 5% increase on the same period last year. Full year guidance remains unchanged but shares jumped as much as 18% off the news.
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