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Highlights
- According to the latest report by leading research firm KPMG, nearly two-thirds are now choosing to reduce the amount they spend on eating out to save more.
- Currently, about 55% of consumers have stopped or reduced dining out in order to save money.
More and more Brits are keen on cutting back their discretionary spending as the rising cost-of-living crisis continues to take a toll on individuals. According to the latest report by leading research firm KPMG, nearly two-thirds are choosing to reduce the amount they spend on eating out to save more.
The survey revealed that about 49% intend to save, especially after energy bill support payments end. Currently, about 55% of consumers have stopped or reduced dining out to save money. The UK citizens’ cause has not been helped by the rise in prices by the telecom providers. The telecom providers imposed a bill hike of up to 17% from April, resulting in 51% paying more from April for broadband, while 49% opted for a mobile plan.
Of those surveyed, 36% had switched to cheaper retailers; about 37% had bought more value products. About a third of the consumers who had an average savings of £7,744 indicated that they utilised their savings to help meet their essential costs.
Amid this, let’s explore three LSE-listed stocks to keep a keen eye.
Glencore PLC (LON: GLEN)
The world’s major producer and marketer of more than 90 commodities, Glencore plc, on 3 April was trading at GBX 466.80 and was up by 0.47% at 9:20 AM (BST). The FTSE 100 constituent had a market cap of £58,478.09 million with an EPS of 0.38. GLEN has given its investors negative returns of -8.30% and -15.74% on a one-year and YTD basis.
BAE Systems plc (LON: BA.)
Another FTSE-100 constituent, BAE Systems plc, is one of the world’s most advanced, technology-led aerospace, defence and security solutions providers. BAE Systems, on Monday, was up by 0.57% and was trading at GBX 988.20. The BA. stock, as of 3 April, had given its investors positive returns of 38.50% and 15.49% on a one-year and YTD basis. BAE Systems enjoyed a market cap of £30,044.54 million as of 3 April. BA. had an EPS of 0.55 and a turnover (on the book) of £2,706,069.98.
Greggs Plc (LON: GRG)
The British bakery chain on 3 April was seen enjoying a market cap of £2,832.83 million. The GRG stock was witnessing a dip of -0.79% and was trading at GBX 2572 at 10:42 AM (BST). The FTSE-250 constituent had Earning Per Share (EPS) of 1.16 and has given investors positive returns of 10.55% and 17.05% in one year and on a YTD basis.
Note: The above content constitutes a very preliminary observation or view based on market trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.
