This morning’s UK GDP data, showing a 0.9% month-on-month rise in November, show the economy had considerably more momentum than thought, shrugging off supply-chain issues and with the level of activity now above pre-pandemic levels. The services sector is seeing a consistent expansion in output, largely driven by the buoyant consumer. The Bank of England is now all the more likely to raise rates in early 2022 and will judge any slowdown due to Omicron during the winter as temporary.
Davy research
Davy ResearchPageGroup plc - Strong H1 delivery; shares discounting significant slowdown
Davy ResearchGlanbia - BellRing Brands – Q3 sales driven by greater pricing
Davy ResearchMincon Group - Significant growth in H1; cost pressures still apparent
Davy ResearchDelivery Hero - Conviction call… it’s the cohorts stupid
Davy ResearchDraftKings - Q2 beats; 2022 EBITDA upgrade primarily driven by cost efficiencies
Davy ResearchFlutter Entertainment - Completion of Sisal acquisition follows strong H1 performance
Davy ResearchDSM - Firmenich FY22 results reflect sector trends