consumer

Terry Ewing, manager of the Ignis American Growth fund, is moving in to consumer discretionary stocks in anticipation of improvements in the domestic US economy.

Shares in online grocer Ocado have risen 30% this morning on news of a deal to provide fellow retailer Morrisons with an online delivery service.

Dalton SP's Nabeel Mughal has cut consumer discretionary stocks and piled the cash into industrials on fears over the strength of US consumer spending.

Shares in Home Retail Group and Ocado - two of the most shorted stocks in the UK equity market - have leapt this morning after a pair of well-received announcements.

Music and DVD chain HMV is to call in administrators Deloitte today as the 250-strong chain becomes the latest casualty on the high street.

F&C has appointed Ross Duncton to spearhead its new direct to consumer push, part of chairman Edward Bramson's strategic review of the business.

The deadline for Arch cru investors to accept payments from a £54m scheme set up by Capita and the funds' depositories has been delayed by 12 months until 31 December 2013.

Liontrust's macro fund managers Stephen Bailey and Jan Luthman have sold out of Nestlé just six weeks after making their initial purchase.

Leading economists have predicted the UK's main inflation rate will fall as low as 0.5% next year.

Steve Bailey and Jan Luthman have added European food giant Nestlé to the £242m Liontrust Macro Equity Income fund as part of a wider play on consumer staples.