Beneficiary of rising interest rates
A company covered here is set to do nicely from rising interest rates while another looks more worrying to us. Elsewhere, we aren't convinced the Lipstick Effect is applicable to a cosmetics business also covered here.
Warpaint: trading ahead Shares in Warpaint London (AIM: W7L), the supplier of colour cosmetics and owner of the W7 and Technic brands, leaped on a positive trading update. Results for the year ending 31 December 2022 are now expected to be ahead of market expectations with sales of at least £61m and adjusted profit before tax in excess of £9m. In addition to the strong operating performance referred to above, the Group expects to potentially further benefit from favourable foreign exchange gains. With the key Christmas trading period still to come, Warpaint is clearly confident. The shares rose 15% on…