Oct 1, 2021
Investors’ Chronicle: Next, Mortgage Advice Bureau, AG Barr
Sitting atop the highest number of house sale completions that the UK has seen since 2007 meant that Mortgage Advice Bureau was always likely to post a positive set of interim results. In the event, the half did not disappoint and, powered by a 50 per cent increase in new mortgage lending compared with 2020, meant the company enjoyed a huge interim windfall. AG Barr has posted robust revenue and profit growth, with cocktail and energy drink markets a focus, but economic headwinds lying ahead, writes Christopher Akers. Investors in AG Barr were hoping for positive news in the soft drink manufacturer's half-year results to August 1 after Covid-induced falls in revenue and profits in January's full-year results. Broker Peel Hunt forecasts that earnings per share will continue to rise for the next two financial years to 27.2p in full-year 2023.
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