Hobson: Vodafone is Victim of Trade War

THE WEEK: Morningstar columnist Rodney Hobson takes a look at three stocks this week, Marshalls, Vodafone, and Balfour Beatty 

Rodney Hobson 17 August, 2018 | 2:22PM

telecoms stock Vodafone telco TMT UK equity trade war

First we couldn’t see the garden for snow, then it was too hot to go out into it, so there was plenty of scope for the supplier of paving slabs and gardening paraphernalia Marshalls (MSLH) to excuse away poor performance this year. Except Marshalls had nothing to apologise for.

Revenue and profits showed double digit growth and the well covered interim dividend is raised from 3.4p to 4p. Yes, there was a setback from severe weather covering half the period, but Marshalls performed so strongly before and after the freeze-up that you would hardly notice.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Balfour Beatty PLC240.60 GBP0.00
Carillion PLC14.20 GBP0.00
Marshalls PLC594.50 GBP0.00
Vodafone Group PLC115.56 GBP0.00

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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