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Home » UK Shares » Three Quick Facts » Three Quick Facts: Restaurant Group, Computacenter and ITM Power

Here are three things you need to know in the financial markets this morning from investment writer, Tony Cross.

#1. Market outperformance for Restaurant Group as post COVID rebound continues

The Restaurant Group [LON:RTN] has published full year results this morning, with sales up by around 40%. Obviously this has been driven heavily by COVID lockdowns, but more accurate pre-Covid comparisons show like for like sales increasing in all divisions except concessions, which remains constrained as a result of depressed air travel numbers. The company notes that again its outperformance has continued in the early part of 2022.

#2. Yet more solid growth from Computacenter

Final results are also out from ComputaCenter [LON:CCC] this morning, covering the year to 31st December. Revenues are up by almost a quarter, pre tax profits are up 20% and investors are being rewarded with a 30% increase in dividend payments. The combination of acquisitions and a nimble approach to doing business seem to have positioned the company well over the last couple of years.

#3. ITM Power cautions over delays ahead of year end

AIM listed ITM Power [LON:ITM] has published an update on its Leuna Contract. The plan had been that factory acceptance testing of all 12 modules would be completed by the end of the financial year in April, but local supply chain constraints mean this will no longer be the case. The company’s share price has been skittish in recent days, having lost almost 20% as oil prices ebbed and hopes of a resolution to the conflict in Ukraine started to emerge – this news seems likely to add to the theme of volatility.

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This article is not investment advice. Investors should do their own research or consult a professional advisor.

Tony Cross

Tony Cross

Tony Cross is a market commentator with over 15 years of experience, producing compelling, insightful copy for journalists and investors alike. Focusing on macroeconomics, UK blue chip equities and inter market analysis, Cross's commentary is well regarded for its clarity and ability to cut through the waffle. He has been quoted in publications as diverse as The Financial Times, The Times, The Guardian and The Sun. He has also been a regular guest on both Share Radio and TipTV.

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