Three things you need to know in the financial markets this morning from investment writer, Tony Cross.
Naked Wines [LON:WINE] has published full year numbers this morning for the 52 weeks to March 29th. The home delivery wine service has had a bumper year saw sales rise 68%, although the company more than doubled its investment in onboarding new customers. There’s a focus on further growth business in the USA which represents a significant opportunity and early indications as lockdowns unwind suggest that many of the new customers will be retained. Expectations are that despite tough comparatives, sales in FY22 will be between £355m and £375m, up from the £340m posted today.
There’s a very short trading update out from recruiters Robert Walters [LON:RWA], but one that is likely to be welcomed by shareholders. As a result of two months of upbeat trade, the company now expects that full year profits to December 31st will be materially ahead of current market expectations. Q2 numbers will be published in July 7th.
Carnival [LON:CCL] has announced another swathe of departures for its ships, starting at the end of next month. This restart is proving to be a slow process and sailings will be restricted to vaccinated guests, but the share price continues its gradual recovery. Pre-pandemic the stock traded at just under £40 before sinking to below £6 in April. This has now floated back to around £18, despite the ongoing operational constraints.
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