Ethos posts upbeat earnings

Ethos Capital says its portfolio has recovered. The private equity group has stated that most of its investees have returned to profit levels in excess of their pre-Covid-19 levels and this has helped the group report a 27% increase in its annual basic net asset value per share. But Ethos has highlighted Virgin Active as a standout underperformer with the health club chain still not at pre-pandemic levels due to slow membership recovery in the wake of lockdowns restrictions. To unpack this Business Day TV spoke to Peter Hayward-Butt, CEO of Ethos.