29 (part 2) - Paul Scott's roundup of the week's macro news
Sharply lower inflation helped buoy UK sentiment, but consumer confidence fell sharply. Plus other snippets Paul came across this week.
UK Small/Mid Caps Podcast with Paul Scott · Paul Scott
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Show Notes
Main points covered this week -
Good news on UK inflation, which dropped more than expected, triggering a nice stock market rally.
Supermarkets - Tesco & Sainsbury buying freeholds, highly indebted ASDA & Morrisons selling them!
CMA report on supermarkets says they are not profiteering, their operating margin has actually fallen sharply.
Ocado - more terrible results, why is it worth £5bn?!
Chinese deflation?
Scrap IHT? Labour would probably reinstate it anyway, so so threat to IHT AIM strategies looks unlikely.
Accenture report says UK business confidence second highest in Europe, after Ireland.
10-year Gilt yield falls back from danger level to 4.27%
UK consumer confidence sharply down in July.
Better than expected retail sales, per ONS.
Danger of brand damage from shrinkflation - Andrex - soft, strong? Or very wrong?!
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