UK's Hostmore hits record low on weak H2 revenue, CEO exit

Hostmore

10/01/2023 10:24

** Shares of UK-based hospitality business Hostmore
 MOREH.L  down as much as 22.8% at record low of 10.8p 
    ** Co reports like-for-like revenue for the 26 weeks ended
Jan. 1 to be 14% below the same period in FY19
    ** MOREH sees slight rise in its December 2022 revenue of
21.3 mln stg ($25.92 million) vs 21.2 mln stg in December 2021 
    ** Co also says Chief Executive Robert Cook will step down
with immediate effect after over one year in the role
    ** MOREH appoints chief operating officer Julie McEwan as
interim CEO
    ** Stock down 88% in 2022
($1 = 0.8216 pounds)
 (Reporting by Sinchita Mitra in Bengaluru)
 ((Sinchita.mitra@thomsonreuters.com))