Welcome to taking stock on.... Tuesday 8th August 2023
Taking Stock: Is a look at today's top business news & investment views plus we cover the winners, losers, the most read company news & the most followed. Today this includes:
How many stocks do you hold in your portfolio?
RISERS
PHSC Plc - Final Results for the year ended 31 March 2023
TI Fluid Systems - Half Year Results 2023
Quilter - Quilter plc 2023 Half Year Results - Part 1
FALLERS
MyHealthChecked - Trading update
MOST FOLLOWED
Upland Resources
MOST READ RNS
Tirupati Graphite - Q1 FY24 Update
RNS WORTH READING
Atlantic Lithium - Resource and Exploration Drilling Results
Ondo InsurTech - New Partnership with PURE Insurance
LungLife AI - Half Year Report
TOP BUSINESS STORIES
Wet weather dampened spending on summer clothes in July
July's wet weather stopped shoppers updating their summer wardrobes and stocking up on other seasonal goods, new figures suggest.
The value of retail sales was 1.5% higher in July compared to a year ago, but volumes were lower once inflation was taken into account, the British Retail Consortium (BRC) said.
The group said rising interest rates were also squeezing shoppers' budgets.
China's trade slumps, threatening hopes of recovery
A tumble in China’s trade last month has reignited concerns that the world’s second-largest economy is stumbling.
China’s imports and exports fell much faster than expected in July, new trade data today shows, indicating weak economic activity and subdued domestic demand
Imports dropped 12.4% in July year-on-year, customs data showed on Tuesday, much worse than the 5% fall which economists expected.
Exports also fell faster than expected, contracting by 14.5%, after June’s 12.4% fall.
Inbound shipments saw their biggest decline since January, when COVID infections shut shops and factories, Reuters reports.