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

Associated British Foods

Full year numbers from Associated British Foods [LON:ABF], the owner of Primark, have been released this morning. The clothing retailer continues to perform well across all territories with sales increasing in line with profitability, so no sign of deep discounting here. Profits for the sugar division have been poor, but rising prices in the EU are tipped to lend support here going forward and the grocery business is also faring well. With adjusted EPS coming in slightly higher than consensus forecasts and the outlook remaining positive, investors may be reassured by these numbers.

Imperial Brands

Full year results from Imperial Brands [LON:IMB] are also on the table this morning, with the company making progress on overall revenues but cautioning that its performance in next generation products is somewhat underwhelming. Regulatory uncertainty and a generally competitive environment are weighing here, leading the company to dial back expectations for 2020, where low single digit revenue and EPS growth is now expected.

Topps Tiles

An interesting statement from Topps Tiles [LON:TPT] is on the wire, noting that their CEO will stand down on November 29th, a few days after the planned release of the company’s full year results. The company’s long standing CFO is being promoted into the role, but the question many will be asking is whether there’s some hidden message here over the numbers. The market may not appreciate the uncertainty.

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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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