Friday preview: UK retail sales results released

UK retail sales results out Friday will offer an insight into the broad performance of the sector during December.

UK retail sales results out Friday will offer an insight into the broad performance of the sector during December.

Analysts expect growth to have remained steady last month, with the consensus estimate for the year-on-year increase in sales being maintained at 2.0%, the same as November.

The announcement follows mixed trading updates from UK high street stores over the past few weeks.

On Thursday Dixons Retail, Europe's second largest supplier of electrical goods, posted a 7% increase in like for like sales over the Christmas period, while baby and maternity retailer Mothercare reported a 7.4% decline in sales.

Associated British Foods posted a 10% rise in group revenue, buttressed by a 12% increase in sugar sales and a 25% jump in retail sales.

While there were many retailers who gained from festive season sales, others failed to overcome difficult economic conditions.

Namely HMV, Comet and Jessops which have entered administration over the past two months.

Matthew Hopkinson - director of a retail information provider Local Data Company - told the Financial Times the collapses this year could drive the number of empty shops in Britain to an estimated new high of 500.

Meanwhile, the UK's main inflation rate remained at 2.7% for the third month in a row, in line with economists' expectations, revealed data from the Office for National Statistics (ONS).

INTERIM DIVIDEND PAYMENT DATE

Acal, Tarsus Group, UK Mail Group

GMS

SPARK Ventures

TRADING ANNOUNCEMENTS

Bovis Homes Group, Record, Spectris

UK ECONOMIC ANNOUNCEMENTS

Retail Sales (09:30)

FINAL DIVIDEND PAYMENT DATE

Baronsmead VCT, Baronsmead VCT 2, Carr's Milling Industries, K3 Business Technology Group, Northamber

Recommended

The Federal Reserve wants markets to fall – here’s what that means for investors
Stockmarkets

The Federal Reserve wants markets to fall – here’s what that means for investors

The Federal Reserve’s primary mandate is to keep inflation down, and lower asset prices help with that. So, asks Dominic Frisby – just how low will st…
25 May 2022
Four high-quality US stocks to give shelter from the storm
Share tips

Four high-quality US stocks to give shelter from the storm

Professional investor Timothy Parton of the JPMorgan American Investment Trust picks four solid US stocks to buy now.
24 May 2022
Three undervalued mid-cap stocks with attractive prospects
Share tips

Three undervalued mid-cap stocks with attractive prospects

Professional investor Katen Patel of the JPMorgan Mid Cap Investment Trust picks three fast-growing mid-cap stocks to buy now.
24 May 2022
Britain’s ten most-hated shares – w/e 20 May
Stocks and shares

Britain’s ten most-hated shares – w/e 20 May

Rupert Hargreaves looks at Britain's ten-most hated shares, and what short-sellers are looking right now.
23 May 2022

Most Popular

Everything is collapsing at once – here’s what to do about it
Investment strategy

Everything is collapsing at once – here’s what to do about it

Equity and bond markets are crashing, while inflation destroys the value of cash. Merryn Somerset Webb looks at where investors can turn to protect th…
23 May 2022
Imperial Brands has an 8.3% yield – but what’s the catch?
Share tips

Imperial Brands has an 8.3% yield – but what’s the catch?

Tobacco company Imperial Brands boasts an impressive dividend yield, and the shares look cheap. But investors should beware, says Rupert Hargreaves. H…
20 May 2022
Three high-quality FTSE 100 shares going cheap
Share tips

Three high-quality FTSE 100 shares going cheap

As stockmarkets continue to fall, bargains are starting to appear, says Rupert Hargreaves. Here, he picks three high-quality FTSE 100 shares that are …
23 May 2022