Happy New Year and welcome back.
Here are three things you need to know in the financial markets this morning from investment writer, Tony Cross.
#1. Tasty sees weaker than anticipated December
Casual dining operator Tasty LON:TAST has published a trading update this morning, noting that trading during December has been notably weaker than anticipated, as a result of resurgent COVID-19 cases leading to a reduction in visitors. The company notes that the impact on its own staffing has been limited and it continues to trade from 50 of its total estate of 54 properties. Management acknowledges that 2022 won’t be without its share of challenges. But is confident that the strong revenues built from delivery and takeaway will prove invaluable moving forward.
#2. Wizz Air shows marked improvement from 2020
Traffic stats from Eastern European low cost airline Wizz Air LON:WIZZ are out today, with numbers showing a marked improvement from the same period a year ago. Passengers carried almost quadrupled, whilst the load factor advanced to more than 75%, up from 56% in December 2020. The company also continues to bolster its presence in the UK, having bought up 15 daily slot pairs at Gatwick.
#3. DX Group shares suspended from AIM
Delivery firm DX Group [LON:DX] has this morning advised the market that its shares have been suspended from AIM. This is a consequence of a previously reported ongoing internal investigation which is delaying the publication of its audited annual report. There’s no indication as to when this process will be completed, although the company notes that the inquiry is progressing steadily.
