UK's Moonpig falls amid consumer spending concerns, profit-taking
BUZZ-UK's Moonpig falls amid consumer spending concerns, profit-taking ** Shares of greeting card retailer Moonpig MOONM.L down 6.4% at 244 pence - top loser on the FTSE Midcap index .FTMC
** "The share price decline has to be read in the context of the current global macro-economic situation, where a lack of an upgrade in consumer companies is generally leading to a negative share price reaction on the day," says Anubhav Malhotra, a research analyst at Panmure Liberum
** Berenberg and Singer Capital Markets analysts attribute the decline partly to profit-taking following a strong run in the stock
** "Growing market caution about another potential cost of living crisis could be causing a selloff of consumer ETFs and baskets," says Matthew McEachran, an analyst at Singer Capital Markets
** Co says trading since the start of FY27 has been in line with expectations, maintains its annual outlook
** Stock up ~20% YTD
(Reporting by Neeshita Beura in Bengaluru)