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Home » UK Shares » Three Quick Facts » Three Quick Facts: Lookers, B&M European Value Retail and Moonpig

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

#1. Lookers H1 numbers impress again

Automotive retail and service group Lookers [LON:LOOK] has published first half numbers this morning which continue to run ahead of expectations. The post-pandemic momentum has continued, although comparatives are going to be tough to match so despite a profit upgrade, forecasts now suggest pre-tax of £45m for the period against £50.1m a year ago. Vehicle supply constraints are expected to persist during the second half and management also acknowledge that the year will be substantially weighted into H1.

#2. B&M European Value Retail sees core revenue decline

B&M European Value Retail [LON:BME] has reported figures for Q1 up to 26th June. Core revenue decline of 9.1% has been noted against tough comparatives, although this situation has improved as the quarter progressed, leaving the company committed to delivering the previously stated EBITDA figures for the full year. The performance of the significantly smaller French division has been notable with revenues up by almost a third over the period.

#3. Moonpig revenues down 17% YoY, growth off acquisition hoped for

Full year results from Moonpig [LON:MOON] are out today, with group revenues down 17% on a year ago, but up 76% on the pre-pandemic comparative. However profitability also remains strong and the company notes there has been no material impact on gross margins from cost inflation so far. Revenues for the current FY are expected to come in up around 15%, a number which has been augmented by acquisition activity.


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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