- UK manufacturers have called upon the Treasury asking for more support amid rising costs.
- The traders have urged the government to reduce or waive business rates for the next 12 months.
Trade body Make UK has upon the Treasury asking for more support amid poor economic outlook and rising energy, raw materials, and transport costs.
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A survey by the trade body and accounting and business advisory firm BDO has found that almost 68% of manufacturers are facing disruption because of rising energy costs, while 67% are stuck due to a surge in transportation costs. Around 72% manufacturers have complained about the rising costs of raw materials, which is affecting their production.
Although some of the factors impacting businesses are global, the trade body has urged the Boris Johnson government to reduce or waive business rates for the next 12 months and review the effectiveness of business loan schemes imposed during the pandemic as manufacturers have reported a significant slowdown in orders and a plunge in investment.
Here are 3 FTSE-listed manufacturing stocks that may be impacted due to the slowdown and other hurdles.
- Unilever Plc (LON: ULVR)
The shares of multinational consumer goods company, Unilever Plc, were down by 0.26% at GBX 3,583.50 as of 10:35 AM GMT+1 on 20 May 2022. It has its operations divided into three segments: food & refreshments, beauty & personal care, and home care. The shares have given a negative return of 16.88% to the shareholders in the last one year, while the YTD returns stand at -9.26%. Unilever Plc currently has a market cap of £91,682.96 million.
- Imperial Brands Plc (LON: IMB)
The shares of the multinational tobacco company, Imperial Brands Plc, were up by 1.49% at GBX 1,809.50 as of 11:00 AM GMT+1 on 20 May 2022. The FTSE 100 company offers a range of cigarettes, fine cut, and smokeless tobacco products and has reported £15,362 million in revenue in FY2022, down from £15,568 million in FY2021. Its shares have given a return of 14.55% to the shareholders over the past one year, while the YTD returns stand at 11.70%. Imperial Brands Plc has a current market cap of £16,945.78 million.
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- BAE System Plc (LON: BA.)
The shares of multinational arms, security, and aerospace company, BAE System Plc, were up by 0.74% at GBX 760.00 as of 11:15 AM GMT+1 on 20 May 2022. The shares have given a return of 41.72% to the shareholders over the past one year, while the YTD returns stand at 38.16%. BAE System Plc currently has a market cap of £23,809.01 million.
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.