Fuller’s, Bonmarche and BP

“The FTSE 100 was firmly down in early trading after US and Asian markets retreated overnight on weakening oil and wider commodity prices and with Brexit uncertainty growing ahead of the EU referendum,” says AJ Bell Investment Director Russ Mould.

“Fuller’s will be hoping the start of the Euro 2016 football championship will help kick-start its sales. Fuller’s reported good figures for the year to 26 March but like-for-like sales in the latest financial year have been sluggish. But that could all change with England, Northern Ireland, Wales and the Republic of Ireland all in action at the Euro championships in France and some drinkers toasting the Queen’s official 90th birthday this weekend.

“Value women’s retailer Bonmarche’s full year pre-tax profits were down but the group has increased its dividend following progress on its brand modernisation plan. Revenues rose in difficult trading conditions and the group is well-placed for growth with its focus on catering for the mature female demographic.

“Oil giant BP’s shares were down in early trading following a joint venture with Det Norske Oljeselskap. The groups are combining their Norwegian assets and expertise and will form a new company that will be separately listed on the Oslo Stock Exchange.”

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