Describing itself as “the UK's leading retailer of living room furniture”, DFS (DFS) has issued a trading statement including that it has “increased our weekly production and delivered revenues progressively over Half 2, to record levels in the fourth quarter… expect to close the financial year with an order bank that is elevated by c. £30m or c. 2.5% of annual revenues relative to pre-pandemic levels… The group remains in a strong financial position with significant available headroom under our £215m bank facility”. So what of a current share price response to below 165p, 11% down!?
I was a little bit worried this morning, not because it was the Ides of March or anything like that but about how the Imperial Brands (IMB) share price might react to its announced observation of a “financial impact of an exit from Russia and the previously announced suspension of operations in Ukraine on our full-year guidance for FY22”.
