| In a sell note Philip Dorgan at Panmure Gordon said: Sales in the second quarter are worse than the first and, while comparatives ease in the second half, we are not confident. |
| As with Morrisons, the group was also assisted by weak comparatives. |
| As to comparatives, the court was entitled to weigh the risk of psychological harm of return against the psychological consequences of refusing return. |
| And to add insult to injury, there is nothing to prevent producers who have a performance envelope from topping up the financing of their projects by submitting them for the comparatives. |
| Online retailing is expected to continue growing in 2011, although the recent trend of high double-digit growth rates may moderate as retailers contend with tough comparatives. |
| Tougher comparatives and signs of slackening consumer confidence could well weigh on the performance, however, with both UBS and Execution Noble anticipating some slowdown in general merchandise trading. |
