MoPh Markets

THG, Trainline, IG Group, John Lewis, Wickes, DFS: Morning Roundup

Some of the biggest news stories from Thursday include THG, Trainline, IG, and many more. Check out the stories below…

THG

  • THG reported its interim results for the half year ending 30 June.
  • The group reported record revenue of £1.1 billion in H1.
  • The company also reported an operating loss of £89.2 million.
  • THG shares plummeted 18.96%.

Trainline

  • Trainline’s trading statement saw group ticket sales of £2.2 billion, reflecting a strong post-covid recovery.
  • Group revenue of £165 million, up 28% versus the same period in 2020.
  • The company reconfirmed its improved guidance with net ticket sales growth between 18% and 27%.

IG Group

  • IG provided a first-quarter revenue update.
  • Total revenue for the quarter increased 11% to £241.8 million.
  • Japan continued to deliver strong revenue growth of 24% year over year, while the UK, EU, Australia, and Emerging Markets also saw higher revenue over the same period.

John Lewis

  • John Lewis posted a first-half loss of £99 million, largely due to cost inflation.
  • The company announced a one-off cost of living support payment of £500 to full-time partners.
  • Waitrose sales were £3.6bn, down 5% like-for-like on a year ago.

Wickes Group

  • Wickes Group’s interim results saw revenue growth of 1.3% to £822.3 million.
  • Adjusted profit before tax of £45.6 million, down from £46.5 million in H1 2021.
  • Wickes shares gained 10.84% on Thursday.

DFS Furniture

  • DFS reported its preliminary results, which saw revenue at £1.15 billion.
  • Reported profit before tax came in at £58.5 million.
  • DFS shares tumbled 13.55% following the announcement.

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