The consumer products group Reckitt Benckiser issued Q1 results this morning and despite some modest revenue growth, the market appeared to be more focused on the fact this was against weak comparatives, the war against Iran could take a toll and seasonal cold & flu conditions hadn’t been as impactful for the company’s results as usual. With question marks over consumer demand too – especially in Europe – it seemed there was little to cheer in the note and the Reckitt Benckiser share price fell more than 5% in early trade.
A Q1 trading statement from wealth manager Quilter was published this morning, noting a 35% increase in core net inflows and building on the momentum that emerged in the latter part of 2025. The high net worth category was seen as performing exceptionally well and whilst management add that they are mindful of the current geopolitical situation, the advice-led philosophy is seen as being a potential strength when it comes to navigating uncertainty. The Quilter share price was up 4% shortly after the open.
At one point, shoe retailer Shoe Zone was seen as a potential survivor on the high street given shoes are both heavy and best bought after trying them on for fit, but the struggle continues with today’s trading update. This sees the outlook downgraded materially with the forecast £1m FY profit now being called at a £1m-£2m loss. The company remains debt free but weak consumer confidence is hitting sales, whilst costs continue to rise. The Shoe Zone share price was off 13% by 8.30am.
Most read news on Investegate this morning
Definitive Agreement with QGP - - Valereum Plc (VLRM)
Trading Update - - Shoe Zone (SHOE)
Institutional Fundraise of £1.1 million and TVR - - Wishbone Gold (DI) (WSBN)
