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Three Quick Facts: Greggs, and Wizz Air


Three things you need to know in the financial markets today from investment writer, Tony Cross.

#1. Greggs full year in line with expectations

Q3 numbers out from Greggs LON:GRG this morning show trading in line and full year expectations unchanged. Total sales are up 14.6% over the comparable period a year earlier and there’s critically no deterioration in the cost inflation outlook for the year ahead. The company believes it value for money proposition will remain a winner as consumers square up to the cost of living crisis.

#2. formal sale process now in play

Lifestyle group MADE LON:MADE has published an update on its formal sale process this morning. The note is brief but it lays bare the cost of sustaining the business over the next 12-18 months. Shares have lost 98% of their value from the post IPO highs of just over a year ago.

#3. Wizz Air load factors improving

Eastern European low cost airline Wizz Air LON:WIZZ has published traffic stats for September, showing 52% year on year growth as the company continues to benefit from the normalisation of international travel. Details regarding financial performance here are largely absent, but the load factor continues to edge higher.  It now sits at 87.1%, up from 78.7% a year ago, but still short of the 95%+ levels seen in 2019.

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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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