What shares are popular this hot summer in the UK?
Britons enjoy the hottest weather in five year, and some of country’s shares are exceptionally popular these days, Bloomberg reports. As temperatures are approaching record levels, non-essential spending grew by 5,5% during five weeks prior to June 23.
Britons enjoy the hottest weather in five year, and some of country’s shares are exceptionally popular these days, Bloomberg reports.
As temperatures are approaching record levels, non-essential spending grew by 5,5% during five weeks prior to June 23.
Barclays Plc notes increased spending on amusement parks by 16%, on movie theaters and theaters by 20%.
Air temperature exceeded 28 degrees Celsius during 16 days. Sales in grocery stores grew by 8% during the week ending June 30.
Retail chain Sainsbury Plc benefited not only from sales of burgers and corn to cook, but also from garden furniture and outside cooking equipment.
Pubs’ owner JD Wetherspoon Plc increased sales by 5,2% during 10 weeks before July 8 not only due to hot weather, but also thanks to World Cup.
While sales in pubs and bars grew in June by 2,8%, restaurants lost 1,8%.
Theme parks, such as Merlin Entertainments Plc, which owns Legoland and Alton Towers, won not only from the heat but from weather without rain.
There are also some losers in this situation. Travel companies, such as Thomas Cook Group Plc and TUI AG, could observe lower demand for travels since Britons will prefer stay in the country in such hot weather. Sellers of room furniture lose to garden furniture retailers.