Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
Business
Anna Wise

Moonpig swings to loss as shoppers opt for cheaper gifts

Moonpig has swung to a loss over the first half of its financial year (Moonpig/PA) -

Moonpig has swung to a loss over the first half of its financial year, as it revealed consumers are opting for cheaper experience gifts like bar vouchers or meal subscriptions.

Shares in the online greeting cards retailer tumbled by more than a tenth on Tuesday morning following the update to investors.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.