Brilliant new app helps lift revenue
As adventurous travellers return to its key market, a specialist online travel agent covered here appears to be recovering strongly; we are particularly impressed with a new app, as you can discover here. Elsewhere, there was news of an interesting acquisition for a developer of digital solutions to assess brain health, while the angling world looks more challenging.
Angling Direct: better alternatives? Angling Direct (AIM: ANG), the leading omni-channel specialist fishing tackle and equipment retailer, underwhelmed with its interim results. Those interested in this sector can look at alternatives elsewhere, as we comment below. For the six months ending 31 July 2022 overall revenue climbed 1.3% to £38.9m, featuring a big swing in the mix from online to retail store sales. Gross profit fell 6.5% to £13.4m (margin only 35%), while pre-tax profit fell 70% to only £1.1m. It’s yet another online operator which needs to push its higher margin own brand products, although that’s easier said than…