Business Live: FCA investigates market data costs; The Games Workshop exceeds expectations; Increases Dartrace guidance
Britain’s financial watchdog is set to investigate costs and access to investment standards and indexes, as well as concerns about credit ratings and other market data, as market failures “ultimately increase costs, including pension savings” for investors.
It follows a ‘call for input’, which said that benchmarking and indexing, limited competition in the markets, credit ratings and trading data could increase costs for investors and affect investment options.
In the six months to the end of November, Games Workshop exceeded expectations, with investors expecting the company to struggle to beat its 2020 efforts, as pre-tax profits came in at £ 88.2 million under 3% guidance.
Analysts welcome a strong outlook for the Games Workshop, which suggests that headwinds are shrinking as the currency is now flattening, capacity is increasing and commodity and supply chain issues are stabilizing.
Newly listed cyber security company Darktrace has increased its full-year outlook for revenue guidance and earnings margin, following strong customer growth and retention in the first half of the year.
The group, listed in April last year, now expects annual revenues of 2022 to grow 37 percent and 38.5 percent, up 34 percent to 36 percent from the previous guidance. It sees its earnings margins at between 3 and 6 per cent, down from the previous guidance of 2 to 5 per cent.
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Games Workshop Tabletop Strategy produces Game Warhammer