The Week Ahead: Primark, JD Sports, Ocado

TL;DR

Markets faced challenges this week with concerns over delta variant and economic growth, but some sectors like tech saw gains.

Transcript

hello i'm richard hunter head of markets and welcome to our look ahead for the week commencing the 13th of september it's been a fairly troubled week this week markets have struggled to shake off concerns around not only the delta variant rising cases particularly in the us but also the possibility of slowing economic growth the large miss from las... Read More

Key Insights

• ❓ Concerns over the delta variant and economic growth impacted market performance.
• 😘 UK GDP growth in July was lower than expected due to supply chain disruptions and staff shortages.
• 🫰 FTSE 250 outperformed other UK indices, highlighting resilience in the economy.
• 🙈 Tech and growth stocks saw positive movements during the week.
• 😫 Associated British Foods, JD Sports Fashion, and Ocado are set to release trading updates next week.
• 🏣 Primark's performance post-lockdown and expansion into the US is under scrutiny.
• 😀 JD Sports Fashion faces shareholder unrest amidst growth in revenues.

Questions & Answers

Q: What factors influenced market performance this week?

Market performance was impacted by concerns over the delta variant, economic growth worries, and positive movements in tech and growth sectors.

Q: How did UK GDP growth fare in July, and what were the contributing factors?

UK GDP growth in July was lower than expected at 0.1%, attributed to staff shortages and supply chain disruptions despite easing restrictions.

Q: Which UK index outperformed others, and what factors contributed to its success?

The FTSE 250 outperformed other UK indices, with a 16% increase year to date, showcasing resilience in the UK economy.

Q: What updates can we expect from FTSE 100 companies next week?

FTSE 100 companies like Associated British Foods, JD Sports Fashion, and Ocado are set to release trading updates, providing insights into their performance and future prospects.

Summary & Key Takeaways

• Concerns over the delta variant and economic growth affected markets worldwide.

• UK GDP growth fell short of expectations in July due to staff shortages and supply chain disruptions.

• FTSE 250 outperformed other UK indices, while tech stocks saw positive movements.