Mortgage Advice Bureau Holdings PLC (MAB) has revised its 2026 adjusted profit before tax forecast downward to approximately £38.0 million, falling short of the previous market consensus of £43.4 million. This reduction is attributed to a slower-than-expected recovery in the UK housing market and delayed lead flows into its Fluent division, which is now expected to contribute £5 million less to profit. Despite these challenges, MAB's first-half 2026 adjusted pretax profit was £14.8 million, slightly above its prior guidance, demonstrating the resilience of its business model with an expected 5% profit growth for the full year compared to 2025.
Luceco PLC, an electrical products manufacturer, reported strong financial performance, with H1 2026 revenue reaching £143 million, up 13% year-on-year, and adjusted operating profit rising 14% to £15.8 million. The company's Energy Transition segment, including EV charging and demand-flexibility products, saw a surge of approximately 120% in revenue. Consequently, Luceco raised its FY2026 adjusted operating profit guidance for the second time, expecting it to exceed £40 million, and projected FY2027 adjusted operating profit to surpass £42.3 million. However, the company flagged a regulatory change that is expected to reduce recurring revenue per EV charger from early H2 2026.
