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Retail Sales Growth Seen Likely to Slow in the Next Few Months

11/19/2021 | 04:13am EST

UK Retail Sales Growth Seen as Likely to Slow in the Next Few Months

0854 GMT - The 0.8% on-month rise in U.K. retail sales volumes in October appears to reflect consumers purchasing Christmas gifts earlier than usual due to warnings about product availability, rather than a sustainable improvement, Pantheon Macroeconomics' chief U.K. economist Samuel Tombs says. Retail sales are likely to fall back in November and struggle over the next months as households' real disposable income will be squeezed by inflation, he says. "Households still can spend more over the coming quarters, despite their incomes falling, if they reduce their saving rate from its current above-average level," Tombs says. "But weak consumer confidence suggests households will continue to be cautious," he says. (xavier.fontdegloria@wsj.com)

 
Companies News: 

Ryanair Confirms LSE Delisting

Ryanair Holdings PLC said Friday that it is delisting from the London Stock Exchange, which is expected to become effective on Dec. 20.

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GB Group Raises Around GBP305 Mln Via Discounted Placing; Shares Drop

Shares in GB Group PLC on Friday fell after the company said it has raised gross proceeds of around GBP305 million via a discounted share placing and subscription of shares.

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GB Group to Acquire Acuant for $736 Mln Enterprise Value; Proposes Placing

GB Group PLC said Thursday that it intends to acquire Acuant Intermediate Holding Corp., and proposed a placing and retail offer to raise up to 305 million pounds ($411.4 million).

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Unilever to Sell Lipton Tea to CVC Capital for $5 Billion

Unilever PLC has agreed to sell the bulk of its tea business to CVC Capital Partners for EUR4.5 billion, equivalent to more than $5 billion, the consumer-product giant's latest move to jettison slower-growing parts of its business.

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Halma Buys Healthcare-Services Provider Infinite Leap for $30 Mln Upfront

Halma PLC said Friday that it has acquired Infinite Leap Inc. for its CenTrak medical sector business.

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Kingfisher 3Q Sales Fell But Beat Pre-Pandemic Equivalent; Upgrades FY Guidance

Kingfisher PLC said Friday that sales fell on year in the third quarter of fiscal 2022, but rose compared with the equivalent pre-pandemic period two years earlier, and that its fourth quarter has started well.

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Wincanton Posts Higher 1H Profit; Sees Full-Year Earnings In Line With Views

Wincanton PLC on Friday reported an improved profit for the first half of the fiscal year, and said that it remains on track to meet expectations for the whole year.

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Carclo Swung to 1H 2022 Pretax Profit; FY Performance Seen Above Expectations

Carclo PLC said Friday it swung to a pretax profit for the first half of fiscal 2022 on strong performance that is expected to continue for the full year.

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Octopus Renewables to Raise GBP73.9 Million for Potential Acquisitions

Octopus Renewables Infrastructure Trust PLC said Friday that it plans to raise up to 73.9 million pounds ($99.8 million) via an equity issue, and that it will use the funds to acquire renewable-energy projects across Europe.

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Van Elle Says 1H Revenue Grew; Sees Full-Year Performance in Line With Views

Van Elle Holdings PLC said Friday that its revenue for the first half of fiscal 2022 rose, and that it expects its performance for the full year to be in line with market expectations, despite supply-chain challenges.

Contact: London NewsPlus, Dow Jones Newswires; Dow Jones Newswires; paul.larkins@wsj.com

(END) Dow Jones Newswires

11-19-21 0412ET

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