Moonpig Group PLC (LSE:MOON), the online greeting card seller, is due to release its half-year results, with the shares having fallen 70% since floating early last year but bouncing off October’s low.
Numerous hedge funds are shorting the stock amid worries about the cost of living crisis have overshadowed some solid updates with guidance reiterated for the full year in September.
Mitchells & Butlers PLC (LSE:MAB) has grown like-for-like sales compared to pre-pandemic levels but the momentum is slowing and, like its rivals, it isn’t enough to counteract rises in energy and labour costs as well as reduced customer spending.
Shares reached lows in October but rallied over the last two months potentially due to U-turns in government policies and the draw of pubs amid the World Cup.
Significant announcements
Interims: Moonpig Group PLC, Quiz PLC (AIM:QUIZ), Baltic Classifields Group, Mitchells & Butlers PLC, Redde Northgate
Finals: Mitchells & Butlers PLC
Economic announcements: Halifax House Price Index (UK), MBA Mortgage Applications (US), Crude Oil Inventories (US), Consumer Credit (US)
AGMs: Agriterra (AIM:AGTA) Ltd, Alternative Liquidity Fund Ltd, Europa Oil & Gas Holdings, Volta Finance Ltd