How much have earnings estimates for Footsie 100 companies changed since the referendum result?
European Stocks Rebound
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The video discusses the performance of the Stock 600, highlighting the rise led by financial services, travel, leisure, and media sectors. It covers Marks and Spencer's significant drop in clothing sales and the market's reaction. The impact of Brexit on UK business confidence is analyzed, showing a sharp decline. The video also examines changes in FTSE 100 earnings estimates post-referendum, noting a positive outlook due to the fall in sterling. Finally, it identifies companies like Rolls Royce, Burberry, and Compass Group as beneficiaries of the sterling decline.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
Which companies are expected to benefit the most from the decline in sterling?
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