Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

British companies buckle up as Brexit deadline nears

Published 10/18/2019, 08:03 AM
Updated 10/18/2019, 08:06 AM
British companies buckle up as Brexit deadline nears
BWY
-
SMWH
-
MARS
-
DOM
-
STBS
-

(Reuters) - British Prime Minister Boris Johnson is trumpeting a newly minted Brexit deal with EU leaders but now needs backing from the UK's divided parliament in a vote set for Saturday.

Three years after Britons voted to leave the EU, companies are surveying their contingency plans as potential Brexit looms and with it the risk of delays at ports, supply chain disruptions or labor shortages.

The following are the latest Brexit comments from British companies this week (in alphabetical order):

For more on how major sectors are preparing for Brexit, double click:

Bellway Plc (L:BWY)

The housebuilder said it had been in close contact with its supply chain partners over last year to reduce any risks to its business.

Domino's Pizza Group Plc (L:DOM)

Britain's biggest pizza delivery company said it has four to eight weeks worth of inventory of ambient and frozen food products.

Marston's Plc (L:MARS)

The pub group, which imports a significant amount of food and some beers, wines and spirits from Europe, said it was prepared for a potentially chaotic Brexit and that it had implemented contingency plans to ensure a smooth Christmas trading period, including identifying potential suppliers from outside Europe.

Secure Trust Bank Plc (L:STBS)

The lender said consumers and businesses were more cautious in taking loans ahead of the planned Oct. 31 deadline for Brexit, with the company recording slower demand in September.

WH Smith Plc (L:SMWH)

The retailer said it was prepared for Brexit and has put in place contingency plans to manage the impact, including increasing its stock of convenience products.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.