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What Crest, Motorpoint and Ted have to tell us

As you were
June 13, 2017

As business adjusts to the mess in Westminster, and wonders what success can be made of Brexit, the steady stream of corporate results this week started to paint the backdrop to those negotiations.

Firstly, housebuilder Crest Nicholson (CRST). "The drive for more homes is one of the few factors attracting cross-party support," argues my colleague Jonas Crosland, as you can read here. The caveat being that parliamentary consensus on the need to build more homes has not always proved effective. But as Jonas writes, as long as house price inflation - even if slower - keeps up with cost inflation, the environment remains supportive for the stock.

Secondly, car retailer Motorpoint (MOTR). It's another sector where Brexit hangs in the air. In the meantime, management are hoping that fleet demand can outweigh the current softness in the new car market. Read our take here.

Thirdly, Ted Baker (TED). Sure, Ted is a global retailer with multiple business lines. Despite the familiar "external factors" impacting trading across its global markets, the top line is strong. The wholesale segment in UK and North America is performing well. Again, the nerves around the consumer economy are evident, if not yet borne out. Click here for the trading update.

There's much more below. You can find us on Twitter @IChronicle and me @iankmsmith