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

Inmarsat

Inmarsat, the legacy satellite phone company, published full year results today and these continue to show a pattern of steady growth. The real gains are being made when it comes to selling internet services to airlines, with this division’s revenues up 40%, whilst increased sales to the US government are also helping the company’s bottom line. Dividend policy was reset last year so there should be no surprises in the reduction here.

Aviva

Another insurer reporting today and that’s Aviva, now under the stewardship of the newly appointed CEO, Maurice Tulloch. The numbers are better than expected with earnings per share around 4% above forecasts and the dividend just a fraction above consensus estimates, too.

Countrywide

The country’s largest property group Countrywide reported this morning too. After a torrid time, the numbers are said to be in line with the board’s expectations, although revenues missed consensus estimates by a shade. The company is undertaking a significant restructuring right now so that’s come with some hefty impairment charges, which are dragging on performance too. That said, there’s confidence that progress is being made.

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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