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

ASOS

There’s a trading statement out from ASOS [LON:ASC] this morning, covering the four months to the end of June. Total sales are up by 11% for the period, although the company does flag concerns over performance in the EU (ex-UK) and North America. New distribution networks are causing problems which have left the company to factor in a further £12 million of transformation cost. That’s going to knock profits significantly for the year as a result.

Easyjet

EasyJet [LON:EZJ] has published a Q3 trading statement this morning, illustrating good progress for the airline, despite some tough comparatives. Total passenger income is up by over 11%, with per seat revenue adding 0.7%. That has been driven by the timing of the Easter holidays, a move to a new accounting standard and also higher ancillary sales. Brexit uncertainty continues to weigh, but the company expects full year profits to be in line with previously stated expectations.

Moneysupermarket.com

Moneysupermarket.com [LON:MONY] has published half year results today, showing solid progress for the company. Sales are up 15% but profits have outperformed, rising 18%. That’s going to result in a 5% dividend increase for shareholders and the company is confident that full year expectations will be delivered against.

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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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