In the last few months, China has become the fall guy for poor corporate results. Companies whose numbers haven’t quite lived up to expectations have used the same tactic: blame it on China.
Jaguar Land Rover’s interim results statement (31 Oct 2018): “The results primarily reflect lower than expected sales mainly due to more difficult market conditions experienced in China”. Tim Cook, chief executive of Apple (2 Jan 2019): “most of our revenue shortfall to our guidance and over 100% of our year-over-year worldwide revenue decline occurred in Greater China”. Tech giant Nvidia’s earnings update (28 Jan 2019): “Deteriorating macroeconomic conditions, particularly in China, impacted consumer demand for NVIDIA gaming graphics processing units," Industrial bellwether Caterpillar’s fourth quarter financial results (28 Jan 2019): "Sales in Asia/Pacific declined due to lower demand in China,…
A run-through of the most (and least) helpful advice for your finance and investment in the event (or non-event) of the UK leaving the European Union.
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