But : The Price is Right

In this period of considerable uncertainty, particularly for the consumer and retail sectors, we focus today on the case of one of the market's most favoured high-yield retailers, BUT. Positioned in a discretionary consumer segment, it is likely to be exposed to potential economic slowdown and decline in purchasing power. At this stage, however, there is no reason to over panic in our view. - >The normalisation of activity at a slower pace than initially expected has kept...