Naked Wines, AJ Bell, Travis Perkins, National Express: Morning Roundup

London stocks opened lower on Thursday as markets continued to be affected by the volatility this week. The FTSE 100 is currently down -0.1%. Check out the latest news from London-listed stocks.

Naked Wines

  • Naked Wines provided its operational and financial update on Thursday.
  • The company said it now expects revenue of £340 million to £360 million for FY23.
  • The group said it made mistakes in the pursuit of rapid growth but will resolve these challenges.
  • Shares of the firm surged 33% on Thursday.

AJ Bell

  • AJ Bell reported customer numbers increased by 57,687 to close at 425,652, up 16% in the year.
  • AUA closed the year down 2% to £64.1 billion.
  • Net outflows in the year were £2 billion.

Travis Perkins

  • The group delivered its third-quarter results, with sales growth of 10.7% and like-for-like sales growth of 7.4%.
  • Given the difficult backdrop, the group expects to deliver operating profit around the middle of the current range.
  • Its shares remain unchanged following the news.

National Express

  • National express provided its trading statement.
  • The company reported revenue was up 33% year-on-year and 5% ahead of 2019 levels.
  • The group further saw the strong UK and Spanish coach business growth, alongside rising occupancy and yields.

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