Skip to content

Three Quick Facts: Moss Bross, Tasty and Smiths Group


Three things you need to know in the financial markets this morning from investment writer, Tony Cross

Moss Bros

Gloomy news from Moss Bros this morning as the fashion retailer posts a half year update. The hot summer has taken a toll on business and although there are some signs of cheer – stock control problems earlier in the year have been overcome and online sales are expanding, now accounting for over 12% of the business – the full year profit is tipped to be materially below prior expectations of £2.3 million.

Diligent cost control does however mean there’s sufficient cash in the business to pay a dividend, which may offer shareholders some solace.


Restaurant group Tasty – the people behind the Wildwood and dim t brands – have published first half numbers this morning and in line with much of the sector, competition and England’s run in the World Cup have been keeping diners away.

Revenues are down almost 6% from a year earlier and an impairment charge of £11m following a review of the company’s properties has also taken a toll. The fact net debt is falling is however one point worth applauding.

Smiths Group

Engineering group Smiths has full year results out this morning, with the headline shouting “return to growth” but it takes a bit of digging to find the right metric.

Revenues – excluding adverse foreign exchange movements are up 2%, but once you take the currency variation into account, it’s down 2%.

The expectation is that growth rates can be maintained into 2019, but with margins being squeezed, there’s going to be reliance on successful portfolio optimisation, too.

Looking for great investing ideas? Sign up to our free newsletter.

Join us on WhatsApp

This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

'How to' Guides

Our latest in-depth company reports

Detailed reviews of selected companies and investment trusts.

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

CME Group
FP Markets

Back To Top