economicreopening
UK GDP rose by 4.8% year on year in Q2, according to figures released today by the Office of National Statistics. The pattern of growth was erratic, with a 2.2% burst of growth in April slowing sharply to just 0.6% in May before accelerating once more to +1.0% in June. Fears that the arrival of the Delta variant and the “Pingdemic” that followed might impact growth have so far not really materialised. Overall, the figures were in line or slightly ahead of most forecasters’ expectations, but not quite matching the Bank of England’s 5.0% forecast made last week. Q2 2021 hedge fund letters, confe...
ValueWalk
While other retailers appear to be riding a cheerful wave ahead of the re-opening of the high street, Frasers Group PLC (LON:FRAS) appears to be the party pooper, sounding a cautionary note about getting carried away too soon. Q1 2021 hedge fund letters, conferences and more A Third Wave Of Infections Could Lead To Further RestrictionsThe owner of Sports Direct, House of Fraser and Flannels has doubled the hit it expected to take due to the pandemic with expectations that a third wave of infections could lead to further restrictions on retailers. Back in February it reckoned that it would have...
ValueWalk
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