Manufacturers hit by rising prices. Stocks to get affected

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Manufacturers hit by rising prices. Stocks to get affected

 Manufacturers hit by rising prices. Stocks to get affected
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Highlights

  • According to a recent survey by the British Chambers of Commerce, UK manufacturers are taking the brunt of rising cost pressures, with 77% of the surveyed manufacturers all set to raise their prices.
  • The cash flows of one in every four firms has gone down as firms were battling to revive from the already existing losses prior to Omicron’s arrival, as per BBC. 

UK manufacturers are facing the brunt of rising cost pressures. According to a recent survey conducted by the British Chambers of Commerce among approximately 5,550 firms across all the major sectors, the UK’s economic recovery has slowed down as the year ended with the emergence of the Omicron variant amid already existing issues like soaring inflation, rising energy costs, and supply chain constraints.

With new import and export Brexit rules coming up, three out of five UK firms are planning to raise the prices for their customers and pass on the costs to them, as per the survey results. Around 7 out of 10 UK firms are facing inflation as a major concern, while 1 in 4 feared if the interest rates would go up to counter the impact of soaring inflation as their already shaky revival would be hindered by growing borrowing costs. The cash flows of one in every four firms have gone down as many firms were battling to revive from the already existing losses prior to Omicron’s arrival, as per BBC.

Around 77% of the surveyed manufacturers are all set to raise their prices. Here are 5 FTSE100-listed manufacturing stocks that may be impacted due to the same.

 

RELATED READ: 5 stocks affected as Brexit and Omicron hit UK exports

Rising prices hit UK firms

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  1. Unilever plc (LON: ULVR)

Unilever plc holds a position among the biggest manufacturing businesses in the UK which offers a wide range of consumer goods. The market cap of the FTSE100-listed company stands at £102.175.95 million, and it has given a negative return of -12.35% to its shareholders in the last one year as of 7 January 2022. Unilever plc’s shares were trading at GBX 3,921.00, up by 0.09%, at 10:03 AM (GMT) on 7 January 2022. 

  1. Rio Tinto plc (LON: RIO)

Anglo-Australian enterprise Rio Tinto plc holds a position among the largest metals and mining corporations across the globe. The market cap of the FTSE100-listed company stands at £63,380.58 million and it has given a negative return of -14.91% to its shareholders in the last one year as of 7 January 2022. Rio Tinto plc’s shares were trading at GBX 5,202.00, up by 2.44%, at 10:06 AM (GMT) on 7 January 2022.

  1. Imperial Brands PLC (LON: IMB)

Imperial Brands PLC is a leading British tobacco firm which sells tobacco-based products worldwide. The market cap of the FTSE100-listed company stands at £15,506.90 million, and it has given a return of 2.31% to its shareholders in the last one year as of 7 January 2022. Imperial Brands PLC’s shares were trading at GBX 1,632.50, down by 0.37%, at 10:10 AM (GMT) on 7 January 2022.

RELATED READ: PMI revised upward: Should you buy these manufacturing stocks? 

  1. GlaxoSmithKline plc (LON: GSK)

GlaxoSmithKline plc is a leading UK-based healthcare firm which sells pharmaceutical commodities globally. The market cap of the FTSE100-listed company stands at £79,945.38 million and it has given a return of 12.61% to its shareholders in the last one year as of 7 January 2022. GlaxoSmithKline plc’s shares were trading at GBX 1,586.00, down by 0.18%, at 10:13 AM (GMT) on 7 January 2022.

  1. Mondi Plc (LON: MNDI)

UK-based manufacturing Mondi Plc sells packaging and paper products internationally. The market cap of the FTSE100-listed company stands at £9,004.59 million and it has given a return of 2.25% to its shareholders in the last one year as of 7 January 2022. Mondi Plc’s shares were trading at GBX 1,865.50, up by 0.59%, at 10:29 AM (GMT) on 7 January 2022.

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