skip to Main Content
Get your free newsletter: Actionable insight each morning for self-directed investors. 
Home » UK Shares » Three Quick Facts » Three Quick Facts: Vertu Motors, Stagecoach Group and Foxtons

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

#1.  Vertu Motors trading update lifts profit forecast

A trading statement from Vertu Motors [LON:VTU] shows that its core market continues to go from strength to strength, with supply shortages keeping margins high. This has resulted in a further upgrade to full year results covering the period to February 28th, where pre-tax profits are expected to be no less than £75m. A £3m share buyback has also been announced.

#2. Stagecoach Group on course for full year but uncertainty lies beyond

Transport operator Stagecoach Group [LON:SGC] has published a trading update today in the wake of that update from the Department for Transport of further COVID recovery funding. The company notes it is on course to meet with trading expectations to April 30th and notes that in the first half of February passenger numbers were around three quarters of those seen pre-pandemic, a number that it expects to see continue improve into the next FY, although notes that it also has to deal with a swathe of uncertainties, including further government support and the challenge of cost inflation.

#3. Foxtons returns to profitability

Foxtons [LON:FOXT] has reported full year results to December 31st today. These show revenues of £126m against £93m last year and £107m in 2019. A pre-tax profit of £5.6m – the first since 2017 – has been recorded with shareholders receiving a 0.45p per share full year dividend and also benefitting from a £5.7m share buyback. The sales market is reported as remaining strong and significant productivity improvements have been reported, too. Subject to the geopolitical situation, the company expects the trading outlook to remain positive.

Related

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.

Stocks in Focus

Here are some of the smaller companies we follow most closely. They represent significant growth stories in our view. Our in-depth reports detail why we like them.

Comments

Subscribe for more stories like this, 8am weekdays - for free!


Get your free daily newsletter: 

Thanks to our Partners

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

Pepperstone
FP Markets
IG
Spreadex
WisdomTree
ActivTrades
Back To Top