Skip to content

Three Quick Facts: Shepherd Neame, Tasty, Saga


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

#1. Shepherd Neame 10% revenue uptick

Shepherd Neame [AQS:SHEP] has this morning published preliminary results for the year to 24th June. Revenues grew by 9.7%, whilst underlying profits advanced by 3.8%. A significant uptick in investment was also reported although margin creep also took a toll here. Shareholders are being rewarded with an 8% increase in the dividend.

#2. Tasty: casual dining sector continues inflation fight

AIM listed restaurant operator Tasty LON:TAST has interims out to 25th June. Revenues are barely higher with losses mounting to £6.2m for the period and a cash balance of just £2.8m. The company is debt free and overall contraction in the hospitality sector is seen as lending some support but there’s still a difficult path for the company to chart ahead.

#3. Saga revenues up, supported by travel divisions

Interims from Saga LON:SAGA are out today, showing the cruise and travel businesses helping drive double digit revenue growth. Sales are up 15% although underlying profits are down by 4% using the comparative structure. Management note that insurance sales remain challenging with inflation continuing to take a toll on payouts but an overhaul of the division is underway offering a more optimistic mid-term outlook.

Looking for great investing ideas? Sign up to our free newsletter.

Join us on WhatsApp

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

'How to' Guides

Our latest in-depth company reports

Detailed reviews of selected companies and investment trusts.

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

CME Group
FP Markets
Back To Top