Moonpig Group PLC, car sales and services data on the cards for Tuesday

Also expected to report are Gooch & Housego, Homeserve and Next Fifteen Communications

Moonpig Group PLC (LSE:MOON), the personalised card and gift company will release a trading update, with investors keen to see if it has been able to continue the good progress made at the end of 2021.  

A FTSE 250 constituent, it forecast annual revenue at the upper end of its guidance range of £270mln-£285mln in its first-half results. 

In the six months ending October 31 2021, Moonpig indicated it was attracting indicated more customers who were buying more.

Retention rate also rose, with 89% of the £143mln revenue generated by existing customers.  

Alas, the share price London-based business has nosedived since the start of the year by 38% to 233p with people perhaps worries that as the squeeze on household incomes tightens cards and gifts might be vulnerable.  

Valentine’s and Mother’s Day are two of the busiest periods for the group, but it is the gaps in between that are the worry.

Elsewhere, UK new car registrations data is expected, which should reveal how the industry is being affected by supply bottlenecks and the decline in real incomes from the cost of living rising above wage growth.

Tuesday will also bring the final services and composite PMIs, following manufacturing numbers at the end of last week where output was downwardly revised to its second-weakest level for more than a year.

The preliminary service PMI revealed that the services activity index rose to 61.0 in March, the highest since June, as relaxing Covid restrictions, a return to offices and pent-up demand for travel and hospitality provided a boost.


Significant announcements expected on Tuesday 5 April

Trading announcements: Gooch & Housego PLC (AIM:GHH), Marlow PLC, Moonpig Group PLC (LSE:MOON), 

Finals: DP Eurasia NV, Next Fifteen Communications Group PLC, The Property Franchise Group, Quixant PLC (LSE:QXT) (Quixant PLC (LSE:QXT)), SourceBio International PLC, Homeserve PLC (LSE:HSV) 

AGMs: Athelney Trust, Scottish American Investment Co PLC

Economic data: PMI Composite (US), PMI Servies (US), ISM Prices Paid (US), ISM Services (US), PMI Services (UK)

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