Alan Green joins the Podcast for an exploration of a selection of UK equities.
We discuss Marks and Spencer (LON:MKS), Halfords (LON:HFD), JD Wetherspoon (LON:JDW) and Power Metal Resources (LON:POW).
With a backdrop of a Bank of England surprising markets by not hiking rates last week, the focus of this Podcast is UK consumer shares and whether their results reflect the doubts the BoE has on the strength of the UK economy.
We question whether M&S recent results are a sign of a turnaround in the business or just a bounce back from the pandemic.
JD Wetherspoons saw a 30% drop in Ale sales contributing to an overall 8.9% drop in like-for-like sales as the company highlighted a change in the demographics of their customers.
Halfords have enjoyed bumper sales from their auto centres sending shares up over 15%.