Market Loop - 📈Brit bounce back

View this email in your browser
13th October 2021
Good morning Last night’s EuroMillions jackpot of £184m is the largest ever lottery prize in UK history. No one won so it will be up for grabs again this Friday. A single winner would become richer than the singer Adele, according to the Sunday Times Rich List. However that’s before taking into account the $$$ she’s likely to make once her long awaited new album 30 is released.
Today's stories
  • Brit bounce back – UK forecast for strongest economic growth
  • How not to win over investors – Disastrous strategy presentation sinks The Hut Group
ECONOMY
UK forecast for strongest economic growth


What’s going on?
In its latest set of economic forecasts, the International Monetary Fund (IMF), has predicted that the UK economy will grow 6.7% this year, faster than any other country in the group of seven advanced nations (G7).  


Why is this important?
The IMF is an international body that promotes global economic growth and financial stability. It regularly updates its estimates on how it thinks countries are performing and flags any concerns it has on global growth.

In its most recent reports released yesterday, it’s forecast that the UK will grow more than the US, France, Italy, Germany, Japan and Canada in 2021. But that’s after the British economy shrank 10% last year – more than any other G7 nation.

That means UK GDP will still be smaller than its pre-pandemic level at the end of the year.

The IMF predicts that the global economy will grow 5.9% this year and 4.9% next year but warned that the surge in Covid cases caused by the Delta variant could derail the recovery.

The body also said that the difference in vaccination roll outs and government pandemic support across the world would cause an even wider gap between rich and poor countries. 

Developing countries have a vaccine rate of less than 5% compared to over 60% for developed economies.
 
Takeaway
The strong growth forecast for the UK economy is encouraging but it’s still a couple of years away from surpassing its pre-Covid level.

Although the UK has run a successful vaccination programme the IMF has warned that rising inflation caused by supply chain pressures could become an issue if they aren’t quickly resolved. 

 
ECOMMERCE
Disastrous strategy presentation sinks The Hut Group

Ecommerce cosmetics giant, The Hut Group (THG), hosted an investor day on Tuesday in the hopes that it would win over shareholders to its new strategy.

But it didn’t go according to plan – its shares sank as soon as the meeting started at 2pm and closed down 28% on the day.

THG sells nutrition, vitamins and beauty products online and owns brands such as Cult Beauty, Lookfantastic and Glossybox. In June it struck a deal with Japanese tech group SoftBank that provided it with a $1bn purse for strategic acquisitions. 

Last month THG announced it would spin out its beauty business (a major source of revenue) and instead focus on its very new but promising ecommerce platform called Ingenuity that it sells to other companies.

Its shares have fallen by a third since that announcement.

Yesterday’s presentation was supposed to put investors at ease but has instead caused more alarm. Investors were spooked by the update and concerned that SoftBank’s support for THG was declining.

THG debuted on the London stock market last September in a £5bn listing. It seems like it’s still getting to grips with the importance of briefing key external stakeholders, like investors, on major changes to your strategy or else your share price will suffer.
Stat of the day

The UK sends more greeting cards than any other country, last year 75% of Brits sent at least one card
Other stories to keep you in the loop
Interesting links from around the web
Forward to Friend Forward to Friend
Not a subscriber? Join free
Twitter
Sent this by a friend? Sign up here
How did you like today's email?
Get in touch with any feedback or even just to say hi
hello@marketloop.co

Copyright © 2021 Market Loop, All rights reserved.

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list (and break our hearts).

 






This email was sent to you
why did I get this?    unsubscribe from this list    update subscription preferences
Market Loop · 16 Great Chapel St · London, London W1F 8FL · United Kingdom

Email Marketing Powered by Mailchimp

Key phrases

Older messages

🚧EU proposes easing trade rules with the UK

Thursday, October 14, 2021

... and 💿$1bn music fund View this email in your browser 14th October 2021 Good morning After one of the most audacious abuses of the furlough scheme, HMRC has claimed back nearly £27m from £40m of

Welcome to Market Loop! 😀

Tuesday, October 12, 2021

You've made a great decision View this email in your browser Thanks for signing up! You've just made a great decision to start the day smarter. Each weekday morning at 7AM we'll send you

would your younger self be happy with your present life?

Friday, October 22, 2021

The scariest part of not believing in myself was the lack of stability in life. I was at a point where my family was one accident away from going bankrupt. In a matter of moment we could be fired from

Oct. 22 - Spanx sells majority stake | Washington Prime Group CEO exits

Friday, October 22, 2021

Washington Prime Group CEO out as bankruptcy winds up; Spanx sells majority stake to Blackstone; Pandemic rebounds: 5 retailers that bounced back in 2021; Amazon launches in-store pickup, local

For Sale: Site With 800K Sessions In 20 Days

Friday, October 22, 2021

What are the best ad networks to use for your blog or niche site? We've put together a list of the 13 best ad networks here that you can consider for your site. Of course, there are the standard

VCs give HR tech a big boost

Friday, October 22, 2021

US VC leaves 2020's records in the dust; Houzz prepares for IPO; Jupiter lands $54M for climate analytics; Candy Digital hits $1.5B valuation Read online | Don't want to receive these emails?

Instagram is changing. Learn what's new...

Friday, October 22, 2021

Hi, Reader. This newsletter is brought to you by the Social Strategy Club. #1: Want to up your game on LinkedIn? Read our first article. #2: Instagram is changing… Join the discussion on today's

Oct. 22 - Honey Bunches of Oats emphasizes self-care | How Mondelez sidesteps marketing's 'creepy chasm'

Friday, October 22, 2021

How Mondelez deploys empathy to sidestep personalized marketing's 'creepy chasm'; Snap's revenue miss highlights outsized impact of Apple's tracking changes; Facebook boosts IP

The First Public Pension Funds Buys Bitcoin Directly

Friday, October 22, 2021

Listen now (4 min) | To investors, It was confirmed yesterday that the Houston Firefighters Pension Fund has officially become the first pension fund in the United States to purchase, and directly hold

How to boost sales with social commerce

Friday, October 22, 2021

What's New: LARQ joins our podcast, Instagram and Facebook Shopping guides and more. To view this email as a web page, click here BigCommerce Blog Newsletter Ecommerce changes fast — which is why

Double the Sales with Seasonal Products [Top Terms]

Friday, October 22, 2021

Amazon Top 10 Movers Hey Reader, It's that time of the week, so welcome to our Top 10 Amazon Keywords newsletter! While you're gulping down another cup of coffee, let today's email be the

On not being Rory Gilmore

Friday, October 22, 2021

You have to suck it up sometimes ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌