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Three Quick Facts: Bellway, ITV and Revolution Bars

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

1. Bellway Confident outlook despite headwinds

There’s a trading update out from house builder Bellway (LON:BWY) this morning, covering the period from 1st Feb to 5th June. There doesn’t appear to be anything out of line with previous forecasts in this update, although the company does acknowledge macroeconomic risks and also explains that use of help-to-buy continues to fall, although believes that’s being driven by skews in the wider market and where it has exposure. There’s also a note reflecting higher input prices from factors such as raw materials and energy, but again, margin improvement is still forecast year-on-year.

2. ITV buys world’s largest nature film producer

ITV (LON:ITV) has this morning announced the acquisition of 79.5% of Plimsoll Productions, the world’s largest independent natural history TV producer. The transaction is for a cash consideration of £103.5m and for the 12 months to 31st August 2021, the company generated EBITDA of £10.

3. Revolution Bars trading update puts EBITDA ahead of expectations

There’s a trading update out from Revolution Bars (LON:RBG) this morning, ahead of the 2nd July year end. The company notes that performance has remained strong across the group and whilst not immune to inflationary headwinds, work has been put in to mitigate this impact. After a good weekend of trade over the bank holiday, the board is now confident that the adjusted EBITDA figure will come in slight ahead of market expectations. The company adds that it expects to open a further six bars in the next financial year, in addition to the 67 it already operates.

 

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

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