AUS
NZ
UK
CA
USA
IND
Highlights
- The year-on-year consumer expenditure on non-essential items increased by only 1.0% in September, as per Barclaycard.
- To pay for energy over the rough winter months, over half (53%) of the people have said that they would reduce their discretionary spending.
- Over half (51%) of the people are preparing to stay at home for more evenings during the upcoming months to save more.
Amid the growing inflationary pressures, a new survey has revealed that around one in every three (32%) people are evaluating if everything they are purchasing is necessary or not. With their budgets being squeezed, households are making efforts to save more money. According to the survey released by Barclaycard, approximately 51% of people are gearing up to stay at home for more evenings during the upcoming months, keeping themselves engaged with board games, box sets, and video games to avoid going out.
©2022 Kalkine Media®
Barclaycard, which keeps track of approximately half of the debit and credit card transactions across the UK, further adds that on a year-on-year basis, the rise in consumer spending on non-essential things has increased by only 1.0% in September. This is the lowest level hit since February 2021, when the pandemic-related restrictions were still there.
To pay for energy over the rough winter months, about 53% of them believed that they would cut down on their discretionary spending, such as purchasing new clothes or going out drinking and eating. The survey suggests that people are also switching to smart ways of saving money, like turning off electrical devices when not in use and wearing more layers to stay warm.
Amid this, Kalkine Media® explores the following stocks that UK investors can keep an eye on.
ME Group International plc (LON:MEGP)
The YTD (year-to-date) return of the leading operator of vending machines, ME Group International plc, stands at 39.86% as of 18 October. On an annual basis, MEGP's annual return stands at 34.93%. MEGP shares witnessed a rally of 0.23% on Tuesday and were trading at GBX 88.20 at around 11:10 AM (GMT+1). With a turnover (on the book) of £31,047.98, the business's market cap stands at £332.69 million. The group has an EPS (earning per share) of 0.06.
Trainline plc (LON: TRN)
The market cap of this FTSE 250 listed firm currently stands at £1,647.29 million. With a turnover (on the book) of £390,746.78, Trainline plc's EPS stands at 0.19. The YTD return of the global digital rail and coach technology firm, Trainline plc, stands at 19.10% as of 18 October. In the meantime, annually, its return stands at -1.74%. The TRN shares witnessed a dip of 3.04% on Tuesday and traded at GBX 332.30 at around 11:15 AM (GMT+1).
Hostelworld Group plc (LON:HSW)
The YTD return of the online travel agent specialising in providing hostel services, Hostelworld Group plc, stands at 21.90% as of 18 October. In the meantime, its return on an annual basis stands at 12.69%. HSW shares were trading at GBX 83.50 at around 11:20 AM (GMT+1) with a market cap of £98.12 million. Hostelworld Group plc, on Tuesday, had an EPS of -0.46.
