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Consumer: Week in Review

CONSUMER CYCLICALS

Earnings, bar Kering, were in-line to positive. Two deals in primary, neither offering a NIC or an attractive secondary. Screen cheap views on Tesco 31s & Woolworth 28s left unch, attractive carry & roll on BAT curve, , Elo hard to firm up a view on after weak Carrefour.


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Earnings, bar Kering, were in-line to positive. Two deals in primary, neither offering a NIC or an attractive secondary. Screen cheap views on Tesco 31s & Woolworth 28s left unch, attractive carry & roll on BAT curve, , Elo hard to firm up a view on after weak Carrefour.


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