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Highlights
- The UK’s retail sales was at 0.8% in October 2021 driven by early Christmas shopping as per the latest data by ONS.
- Positive retail sales number is good for the UK economy and will assist the economy recover from the pandemic blues.
The UK’s retail sales was at 0.8% in October 2021 driven by early Christmas shopping as per the latest data released by Office for National Statistics (ONS). The retail sales is one of the leading indicators to measure the consumer spending in the economy. A positive number that is above the forecast is generally considered a good sign for the economy.
The October month retail sales number was above the general market forecast of 0.5% and first positive figure in the last six months. Non-essential stores like toys, clothing, and sports equipment stores made the highest contribution to sales numbers.
Positive retail sales number is good for the UK economy and will help the economy recover from the pandemic blues. Also, higher retail sales number will boost the domestic businesses and indirectly have a positive impact on the stock market performance.
© 2021 Kalkine Media
Let us look at these FTSE listed stocks that are in focus today:
Braveheart Investment Group Plc (LON: BRH)
The company operates in the private equity and venture capital space, investing in startups and early-stage companies. For the six months ended 30 September 2021, the company reported income of £3,364,000, while its profit was £2,533,000.
The earnings per share during the period was 4.85p per share. The company’s management has positive outlook on its underlying businesses and expects potential value realisation from its portfolio investment. Braveheart Investment Group last close was at GBX 34.50 on 18 November 2021, with a market cap of £18.02 million.
Chill Brands Group Plc (LON: CHLL)
The company does research and development of cannabidiol (CBD) products and sells them in the UK and other countries. These products have pharmaceutical and tobacco replacement application, and the company retails its products under Chill.com brand name.
The company announced that it has extended its distribution partnership agreement with BettermentRS to sell their products through convenience store channel. The company’s CBD products like Chill Brands CBD Flavour Pouches and other products will now be available across 343 stores in different US states.
Chill Brands Group Plc last close was at GBX 17.75 on 18 November 2021, with a market cap of £37.64 million.
Biffa Plc (LON: BIFF)
The FTSE250-listed company operates the waste management business in the UK. It does collection and recycling of waste and also has an energy production segment. The company reported net revenue of £632.8 million during the 26 weeks ended 24 September 2021.
The operating profit of the company grew significantly during the period almost by 368% to £45.4 million driven by strong performance by collections and recycling business. Following the good half-yearly performance, the company reintroduced its interim dividend and has declared to pay dividend of 2.20p per share to its shareholders.
Biffa Plc last close was at GBX 358.50 on 18 November 2021, with a market cap of £1,096.4 million.
