Tag Archives: worse

MORGAN STANLEY: These 19 stocks could get cut in half – or worse

Morgan Stanley has released the stocks its analysts think could lose more than half their value in the next 12-18 months. These “secularly challenged stocks,” as the bank calls its Wednesday report, are quite diverse, but a major portion of the list are retail chains. The industries Morgan Stanley analysts are most bearish on span from mall-based clothing stores like ... Read More »

UK factory bosses see worse economy but better sales in 2017 – EEF

British factory bosses are downbeat about the outlook for the economy after last year’s Brexit vote even though they expect their sales both at home and abroad to improve in 2017, an industry survey showed on Monday. An annual survey by manufacturing association EEF showed 47 percent of executives in the sector predicted a decline in Britain’s economic fortunes this ... Read More »

JD Sports to investigate ‘worse than prison’ working conditions after undercover exposé

JD Sports announced an investigation into conditions at its main warehouse after an undercover film showed workers “treated like scum” and allegedly paid less than the minimum wage. The company said it was “deeply disappointed and concerned” by footage broadcast on Channel 4 News that showed staff complaining that conditions were “worse than a prison”. On Wednesday the company said ... Read More »

UK construction output slips in June, economists see worse to come

British construction output fell roughly as much as expected in June, according to official data, with little evidence that the European Union referendum that month had an impact on builders at the time. The Office for National Statistics said construction output fell 0.9 percent in June compared with May, a slightly smaller drop than the 1.0 percent decline forecast in ... Read More »