Skip to content

Three Quick Facts: Vistry, Spire Healthcare and The Restaurant Group

*

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

#1. Vistry performance beats management expectations

Half year results are out from housebuilder Vistry LON:VTY this morning, with the group’s performance having exceeded management expectations for the reporting period. The note adds that a solid start has been seen to H2 as well, with 96% of forecast completions for the second half having already been completed. Adjusted pre-tax profits are up 14.3% and investors are being rewarded with a proposed 15% increase in interim dividends.

#2. Restaurant Group sales double – as storm clouds gather?

Casual dining operator The Restaurant Group LON:RTN has published interim results today covering the 26 weeks to 3rd July. Sales are around double the levels seen for the comparative and in the majority of sectors now sit ahead of pre-COVID levels, with only the concessions category lagging. Utility prices are hedged through to 2024 which may provide some certainty and whilst acknowledging the uncertain consumer environment, management believe the group is well positioned to deliver long term growth. What’s clear is that the challenging times for this sector will continue for a while longer yet.

#3. Spire interims show losses shrinking fast

Spire Healthcare LON:SPI issued its interims today as well, with revenues up 7.1% and a sharp contraction in terms of losses compared to H1 ’21. Management note fundamental change in UK healthcare as driving strong underlying growth and guidance remains unchanged from that stated at the release of the most recent full year numbers, although interruptions by recurring COVID waves have taken a toll, with July’s impact alone being some £6m worse than expected. There are a number of risks to manage here, both in terms of rising input costs and staffing overheads but the company is confident that it can manage these with commensurate increases in pricing and being selective in terms of service offering.

Share this article

Invest with these platforms

Hargreaves Lansdown IG Interactive Brokers Interactive Investor Charles Stanley
IG Interactive Brokers Charles Stanley

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

Join our UK news channel on WhatsApp

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

Learn with our free '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.

Aquis
CME Group
FP Markets
Pepperstone
Admiral Markets

TMX
WisdomTree
ARK
FxPro
CMC Markets
Back To Top