It’s a quiet morning, Tony Cross has two things you need to know in the financial markets this morning, rather than the usual three.
#1. Wickes increases pre-tax profit forecast
A trading update from Wickes Group LON:WIX this morning has seen the company revise full year pre-tax profits upwards, stating that the number will be at least £83m. That comes in meaningfully above the current analyst consensus of £74m-£75m, with consistent stock availability through a period of supply chain disruption being seen as key in supporting the gains.
#2. Mind Gym sees revenues recover to pre-COVID levels
Business improvement specialists Mind Gym LON:MIND have published half year results this morning, covering the six months to end of September. Revenues have recovered to pre-COVID levels, with strong growth being seen in digital channels. Further revenue growth from here is also expected and whilst the company acknowledges the potential for another wave of COVID to impact buying decisions, there’s confidence that the adaptability seen over the last 18 months puts the company in a strong position. Full year expectations are therefore unchanged.
