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Three things you need to know in the financial markets this morning from investment writer, Tony Cross.

AJ Bell

There’s a trading update out from AJ Bell [LON:AJB] this morning, covering the first half of the current financial year. Customer acquisition has remained strong in recent months with elevated levels of D2C transactions being reported. The company notes that volumes are expected to start moderating in the second half, revenues for the full year are expected to be at least £6m higher than the current consensus forecast.

Cerillion

An eye-catching headline from Cerillion [LON:CER], the AIM listed billing and charging CRM provider. They have signed their largest ever single contract, worth $18.4m with a Latin American company. This is however spread over 10 years but coupled with a £2.7m extension on a European contract, the company expects to beat the current management forecasts for pre-tax profits in the year to September 30th.

Ten Entertainment Group

Ten Entertainment Group [LON:TEG] operates a network of family entertainment venues across the UK. Full year results for the 52 weeks to December 27th are out today and the blunt reality is that during that period, there have been 25 weeks of closures and 16 weeks of disrupted operations owing to COVID. Having posted a £15m profit in 2019, this tipped to a £19m pre-tax loss, but the business is hoping for a brighter future. All venues should reopen in mid-May, there’s sufficient liquidity headroom for the remainder of the year and the company is confident that demand will be strong once reopening takes place. Understandably, owing to the uncertainty, there’s no financial guidance, but the company’s performance will be interesting to watch through the summer.

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Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Tony Cross

Tony Cross

Tony Cross is a market commentator with over 15 years of experience, producing compelling, insightful copy for journalists and investors alike. Focusing on macroeconomics, UK blue chip equities and inter market analysis, Cross's commentary is well regarded for its clarity and ability to cut through the waffle. He has been quoted in publications as diverse as The Financial Times, The Times, The Guardian and The Sun. He has also been a regular guest on both Share Radio and TipTV.

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