Naked Wines sees FY losses widen! Should I buy this UK share?
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Naked Wines (LSE: WINE) share price has been fermenting nicely during the last 12 months. Trading at the online-only booze superstore has soared during Covid-19 lockdowns and accordingly the business has risen 107% in value.
Naked Wines’s share price has trended lower in recent weeks, though, as the emergence of the Delta coronavirus variant has pushed infection rates higher again. This has fuelled fears that the government’s plans to fully re-open the hospitality and leisure sectors on 21 June could be disrupted. It has also cast a cloud over the extent of social gatherings in the UK.