Three things you need to know in the financial markets today from investment writer, Tony Cross.
#1. Aquis full year results show solid growth in ’22 with momentum maintained
Financial Markets operator Aquis LON:AQX published its full year results today. Revenues added 24%, pre-tax profits rose 27% and the basic EPS was unchanged year on year. Management is heralding another year of significant growth with both the technology division and secondary trading across Europe lending support. On top of this, trading momentum for 2023 has made a strong start and sits in line with market expectations.
- Three Quick Facts: Ashtead, Naked Wines, Moonpig
- Aquis Exchange and Cboe in bid to fill consolidated tape role in Europe
- Aquis shares up over 100% on SIX acquisition news
#2. Revenues up but profit evaporates for Tasty
Casual dining group Tasty LON:TAST produced full year results for the 52 weeks to 25th December today. Revenues are up £9m but the £1.2m profit recorded in 2021 morphed into a £2.6m loss. The company is however debt free, has £7m in the bank and notes that current performance is running ahead of management expectations. Inflationary pressures are easing although forward visibility for both the industry and the wider economy remains lacking.
#3. Moonpig resilient H2 posted from greetings card specialist
Moonpig LON:MOON has a trading update out, noting a resilient H2 and record UK sales in the week before Mother’s Day. Full year revenue and EBITDA expectations remain unchanged. Management note that they look forward to returning to revenue growth in the year ahead, underpinned by their market leading position.
