UK's Motorpoint rises on solid annual profit forecast
02/09/2026 08:31
BUZZ-UK's Motorpoint rises on solid annual profit forecast ** Shares of vehicle retailer Motorpoint MOTR.L up 8.4% at 141 pence
** Company expects FY27 pretax profit of £9.8 million ($13.22 million) to £10.8 million, above market consensus range of £9.1 million to £10 million
** Says trading volumes have exceeded expectations, aided by investment in technology, data, AI, and improved unit profitability
** Stock up ~6%, YTD
($1 = 0.7413 pounds)
(Reporting by Neeshita Beura in Bengaluru)