Hobson: Tesco Will Rally, As Will WH Smith

THE WEEK: Morningstar columnist Rodney Hobson is back on his least favourite subject - retail stocks and their woes

Rodney Hobson 13 April, 2018 | 2:33PM
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WHSmith is one of the few retail stocks Rodney Hobson thinks will rally UK shop retailer retail sales

Several retailers were named this week as being the most shorted stocks on the London exchange. This is hardly surprising given the enormous pressures of rising costs and stiff competition at a time when it is very difficult to pass on price rises.

Shop stocks such as Mothercare (MTC) you can well understand being on the list. Although the shares edged up on the latest trading statement, there was really nothing in it to inspire confidence. Total UK sales were down 11% in the latest quarter.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
EVRAZ PLC622.00 GBX-0.19
Mothercare PLC14.67 GBX3.67
Tesco PLC225.90 GBX0.13Rating
WH Smith PLC1,710.00 GBX1.12

About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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