Challenging UK conditions persistFull-year guidance downgradedStronger second half expectedUltimate Products' (ULTP) shares plunged 16% to 85p after the homeware brands owner downgraded full-year profit guidance following a tough first half impacted by 'challenging' conditions in its domestic market.The Oldham-headquartered company pinned the warning on weak UK consumer demand for general...

Ultimate Products (ULTP) 131.5pLoss to date: 15.7%We flagged Ultimate Products (ULTP) on 18 April 2024 as a compelling way to play the UK consumer recovery on the basis the market was undervaluing the group's brand strength, resilient business model and multiple growth opportunities.Our bull case for the homeware products brand manager behind the likes of Salter and Beldray also hinged on...

Ultimate Products (ULTP) 156pMarket cap: £142.9 millionStrong brands, a resilient business model and multiple growth opportunities ahead are among the investment attractions the market is missing at Ultimate Products (ULTP). This company is the owner of homeware brands including Salter and Beldray. The Oldham-headquartered firm is well placed to profit with UK and international retailers...