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The coronavirus crisis has brought a halt to almost all economic activity across the world. Britain is no exception, as various industries in the country have ceased their operations temporarily, which is having a significant impact on the cash flows of the companies in this industry, as well as lacs of jobs are currently at stake if things do not move further. There were signs of revival for the UK economy at the beginning of the year, but all has been washed out, as no work is being done since the emergency lockdown measures have been taken by the government.
Let us take a brief look at three key industries, that are essential to the economic wellbeing of the United Kingdom and see how the major players in each of these industries have responded to the coronavirus outbreak and where things stand at present.
Automotive and Components Industry
The Automotive and components industry in the United Kingdom has been suffering a lot. Some of the biggest players in the country, such as the likes of Toyota, Honda and BMW have suspended their production operations, primarily due to not being able to obtain or procure key components from other parts of the world, due to the Covid-19 outbreak, causing a significant slowdown or halt of supply chain operations across the world. Besides this, as per SMMTâs latest car registrations data, it has been reported that the total car registrations for the month of February were down by approximately 23.9 per cent year on year, meaning people are buying a lesser number of cars.
All this has caused turmoil in the industry. The good news is that some of the players from the industry are turning their production facility into assembly lines for the production of PMR Machines and ventilators, which could help the NHS and the healthcare workers.
The following are three important stocks from the industry and their recent stock price performances.
AML Stock Price Performance
On 23rd March 2020, at around 02:00 P.M (Greenwich Mean Time), at the time of writing this report, the stock of Aston Martin Lagonda Global Holdings Plc has been reported to be trading at a value of GBX 172.60 per stock on the London Stock Exchange market, an increase of 12.66 per cent or GBX 19.40, in comparison with the price of the stock at the time of closing on the previous day, which was reported at GBX 153.20 per share. While writing this report, the market capitalisation (M-Cap) of the companyâs stock has been reported to stand at a value of GBP 349.30 million in reference to the current market price of the companyâs stock.
ABDP Stock Price Performance
On 23rd March 2020, at around 02:05 P.M (Greenwich Mean Time), at the time of writing this report, the stock of AB Dynamics Plc has been reported to be trading at a value of GBX 935.00 per stock on the London Stock Exchange market, a decline of 13.43 per cent or GBX 135.00, in comparison with the price of the stock at the time of closing on the previous day, which was reported at GBX 1080.00 per share. While writing this report, the market capitalisation (M-Cap) of the companyâs stock has been reported to stand at a value of GBP 243.17 million in reference to the current market price of the companyâs stock.
TIFS Stock Price Performance
On 23rd March 2020, at around 02:10 P.M (Greenwich Mean Time), at the time of writing this report, the stock of TI Fluid Systems Plc has been reported to be trading at a value of GBX 150.20 per stock on the London Stock Exchange market, an increase of 3.73 per cent or GBX 5.40, in comparison with the price of the stock at the time of closing on the previous day, which was reported at GBX 144.80 per share. While writing this report, the market capitalisation (M-Cap) of the companyâs stock has been reported to stand at a value of GBP 753.35 million in reference to the current market price of the companyâs stock.
Comparative Share Price Chart of AML, ABDP and TIFS
Source: Thomson Reuters, as on 23-03-2020, before the close of the London Stock Exchange Market
Retail Industry
The prized retail sector of the United Kingdom, which had already been adversely impacted by high rent and operational cost and was looking at some of the major high street brands closing down at the beginning of the year, has deteriorated even further. Some experts have suggested that this new crisis has been unprecedented, and if the government doesnât come out and bail the sector out or provide some monetary policy stimulus, which could lead to an ease in borrowing or reduction in costs, it will be the end of the retail industry as well as the high street markets in the country. The good news though, is that the government has allowed some relaxations for some of the brands to operate beyond their regular working hours, as well as to share staff and data under a temporary arrangement, which might reduce the short terms costs of these companies.
The following are three important stocks from the industry and their recent stock price performances.
OCDO Stock Price Performance
On 23rd March 2020, at around 02:15 P.M (Greenwich Mean Time), at the time of writing this report, the stock of Ocado Group Plc has been reported to be trading at a value of GBX 1265.50 per stock on the London Stock Exchange market, a decline of 5.81 per cent or GBX 78.00, in comparison with the price of the stock at the time of closing on the previous day, which was reported at GBX 1343.50 per share. While writing this report, the market capitalisation (M-Cap) of the companyâs stock has been reported to stand at a value of GBP 9.563 billion in reference to the current market price of the companyâs stock.
MOSB Stock Price Performance
On 23rd March 2020, at around 02:05 P.M (Greenwich Mean Time), at the time of writing this report, the stock of Moss Bros Group Plc has been reported to be trading at a value of GBX 18.50 per stock on the London Stock Exchange market, a decline of 4.27 per cent or GBX 0.82, in comparison with the price of the stock at the time of closing on the previous day, which was reported at GBX 19.32 per share. While writing this report, the market capitalisation (M-Cap) of the companyâs stock has been reported to stand at a value of GBP 19.48 million in reference to the current market price of the companyâs stock.
SCS Stock Price Performance
On 23rd March 2020, at around 02:20 P.M (Greenwich Mean Time), at the time of writing this report, the stock of SCS Group Plc has been reported to be trading at a value of GBX 152.00 per stock on the London Stock Exchange market, a decline of 13.14 per cent or GBX 23.00, in comparison with the price of the stock at the time of closing on the previous day, which was reported at GBX 175.00 per share. While writing this report, the market capitalisation (M-Cap) of the companyâs stock has been reported to stand at a value of GBP 66.52 million in reference to the current market price of the companyâs stock.
Comparative Share Price Chart of OCDO, MOSB and SCS
Source: Thomson Reuters, as on 23-03-2020, before the close of the London Stock Exchange Market
Food Industry
The food industry has defied the market wave of not performing, as, the consumers, be it in the panic mode, have raced towards super markets and local stores to stock up on all kinds of food items, for the foreseeable future, primarily because of a lockdown that has been announced. Delivery companies are also doing well, because the government has now banned dining and only delivery or takeaway has been allowed from restaurants. The food industry is on the rise, and hence, it is a good time to look at the following three key stocks from the Industry, and their recent stock price performances.
ABF Stock Price Performance
On 23rd March 2020, at around 02:25 P.M (Greenwich Mean Time), at the time of writing this report, the stock of Associated British Foods Plc has been reported to be trading at a value of GBX 1649.50 per stock on the London Stock Exchange market, a decline of 6.20 per cent or GBX 109.00, in comparison with the price of the stock at the time of closing on the previous day, which was reported at GBX 1758.50 per share. While writing this report, the market capitalisation (M-Cap) of the companyâs stock has been reported to stand at a value of GBP 13.921 billion in reference to the current market price of the companyâs stock.
GNC Stock Price Performance
On 23rd March 2020, at around 02:30 P.M (Greenwich Mean Time), at the time of writing this report, the stock of Greencore Group Plc has been reported to be trading at a value of GBX 134.95 per stock on the London Stock Exchange market, an increase of 0.75 per cent or GBX 1.00, in comparison with the price of the stock at the time of closing on the previous day, which was reported at GBX 133.95 per share. While writing this report, the market capitalisation (M-Cap) of the companyâs stock has been reported to stand at a value of GBP 597.61 million in reference to the current market price of the companyâs stock.
HOTC Stock Price Performance
On 23rd March 2020, at around 02:35 P.M (Greenwich Mean Time), at the time of writing this report, the stock of Hotel Chocolat Group Plc has been reported to be trading at a value of GBX 235.00 per stock on the London Stock Exchange market, a decline of 4.08 per cent or GBX 10.00, in comparison with the price of the stock at the time of closing on the previous day, which was reported at GBX 245.00 per share. While writing this report, the market capitalisation (M-Cap) of the companyâs stock has been reported to stand at a value of GBP 283.36 million in reference to the current market price of the companyâs stock.
Comparative Share Price Chart of ABF, GNC and HOTC
Source: Thomson Reuters, as on 23-03-2020, before the close of the London Stock Exchange Market
