UK's MONY Group falls on Q3 revenue dip
16/10/2024 09:27
** Shares of MONY Group MONY.L fall 5% to 201.40p, stock
top pct loser on FTSE midcap .FTMC index, which is down 0.6%
** Co posts a 2% fall in Q3 revenue at 112.9 mln pounds
($146.77 mln), hurt by headwinds in its travel business and
persistent soft market conditions in its home services segment
** Says performance in travel business predominantly
impacted by lower conversion in car hire, resulting in 15%
revenue fall in that segment
** MONY says it is confident of delivering FY24 results in
line with current market expectations
** Including session's losses, stock has fallen ~28% YTD
compared to a ~6% rise in FTSE midcap index
($1 = 0.7692 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))