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Home » UK Shares » Three Quick Facts » Three Quick Facts: Wickes Group and Mind Gym

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.

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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