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UK market update – Retail sales unexpectedly drop, Virgin Wines inks Moonpig deal

Published Sep 17, 2021 07:26 Updated Sep 17, 2021 07:33
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By Samuel Indyk

Investing.com – At BST, FTSE 100 futures are trading higher by 0.1% at 7,037. 

In FX markets, GBP/USD is trading at 1.3796, EUR/GBP is trading at 0.8533. The US Dollar Index is down 0.1%.

Today’s calendar highlights include Eurozone CPI, University of Michigan Consumer Sentiment

Data

Retail Sales unexpectedly fell by 0.9% in August, although remained above pre-pandemic levels. The ONS said other days suggest that drop in food store sales is linked to increase in eating out as restrictions eased. Fuel sales showed an increase but remain below pre-pandemic levels.

Stocks

Virgin Wines (LON:VINO)/Moonpig (LON:MOONM)- Virgin Wines enters partnership with Mooonpig to launch a range of products exclusively on the Moonpig platform.

Foxtons (LON:FOXT) - Has appointed Nigel Rich CBE as Chairman with effect from 1st October 2021.

S4 Capital (LON:SFOR) - Announces merger between its Media.Monks unitary brand and Zemoga, to build a third practice area around technology services.

BT (LON:BT) - To create an additional 1,000 jobs at its site in Birmingham, UK. (Times)

Pennon (LON:PNN) - Competition and Markets Authority invites commentary on the deal with Bristol Water.

Draper Esprit (LON:GROW) - Invested a total of £130 million during the year to date including 8 new, and 6 follow-on, investments. Additional investments of £25 million and £15 million in existing portfolio companies Form3 and CoachHub, respectively.

JTC (LON:JTC) - Issued 109,741 new shares in order to satisfy share consideration due under the Segue acquisition.

Rio Tinto (LON:RIO) - Provides exchange rate information for interim and special dividends. UK shareholders to be paid interim dividend of 270.84 pence per ordinary share and special dividend of 133.26 pence per ordinary share.

Primary Health Properties (LON:PHP) - Launches Community Impact Fund as part of wider ESG initiatives.

Anglo American (LON:AAL) - Downgraded to equal weight from overweight at Morgan Stanley (NYSE:MS)

Glencore (LON:GLEN) - Upgraded to overweight from equal weight at Morgan Stanley

EVRAZ (LON:EVRE) - Upgraded to overweight from equal weight at Morgan Stanley

HSBC (LON:HSBA) - Upgraded to outperform from sector perform at RBC and upgraded to overweight from underweight at Barclays (LON:BARC).

Standard Chartered (LON:STAN) - Upgraded to equal weight from underweight at Barclays.

Sectors

Travel & Leisure - The UK is set to announce changes to its international travel policy today with expectations that the traffic light system will be scrapped for a simpler two-tier system. PCR tests upon returning may also be scrapped and the number of countries on the Red list is expected to fall.

UK market update – Retail sales unexpectedly drop, Virgin Wines inks Moonpig deal
 

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Comments (5)
Mareks Boriss
Mareks Boriss Sep 17, 2021 12:39
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unexpectedly!!!🤣 That is reality and just beginning...
Drake Richards
Drake Richards Sep 17, 2021 9:19
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Retailers imagine the public will pick up the tab for their lockdown losses.... well let's see how that pans out, Retailer
Pedro Gonzalez
Pedro Gonzalez Sep 17, 2021 8:51
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inflation genie out the bottle
David Hawley
David Hawley Sep 17, 2021 8:01
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So much for RPI going up yesterday. just proves that it's not because people are buying which is forcing prices up. its just business's putting prices up because they think consumers are desperate to spend and will pay any price. its a message to retailers...don't be greedy
Selvakumar Df
Selvakumar Df Sep 17, 2021 7:40
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