Appreciate Group rises on better-than-expected annual adj pretax profit

Livanova

28/06/2022 10:49

** Shares of gift company Appreciate Group Plc  APP.L  up
3.57% at 29p, their highest since Feb 2022 
    ** Co posts FY adjusted pretax profit ahead of market
expectations as revenue jumps 15.4% to 123.3 mln pounds 
($151.15 mln)  urn:newsml:reuters.com:*:nASM000H51
    ** Says its trading in the first 12 weeks of the current
financial year has been in line with the board's expectations
    ** Co acquires MBL Holdco Ltd, gift card technology provider
to UK businesses and consumers, from Redu Group Ltd for 1.7 mln
pounds  urn:newsml:reuters.com:*:nTUC5635Y8
    ** "The acquisition of MBL ... is highly complementary and
accelerates the technology roadmap by c. 18mths," Liberum says
    ** Stock set to post a third straight sessions of gains
    ** Including session's gains, stock up ~21.98% YTD

    ($1 = 0.8157 pounds)
    

 (Reporting by Hani Kollathodi)
 ((Hani.Kollathodi@thomsonreuters.com;))