Apologies for my running late today, this is due to it being Friday, and there being hardly any news of interest today, so I had a lie in.
I’m delighted to read that Tesco amp; Unilever have resolved marmitegate, although no details of the compromise deal have been released. I think Tesco has played a PR blinder here – setting itself up as the consumers’ champion by resisting inevitable price rises from suppliers, which are being triggered by weaker sterling.
We have to prepare for the inevitable higher inflation, and therefore probably a consumer spending slowdown. I’ll be sifting through the market over the weekend, making a list of things to open some small short positions on.
I’ll update this on Sat or Sun, too tired now, sorry.
Companies I intend commenting on;
Elegant Hotels (LON:EHG) – trading update
Inland Homes (LON:INL) – results y/e 30 Jun 2016
Carclo (LON:CAR) – trading update