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Home » UK Shares » Three Quick Facts » Three Quick Facts: Begbies Traynor, Joules and Ocado

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

#1. Begbies Traynor eyeing more revenue growth in the second half

Insolvency specialists Begbies Traynor Group [LON:BEG] have published interim results this morning, covering the six months to 31st October. The company had seen its revenues subdued as a result of government support for struggling businesses through the pandemic, so the close on 50% uptick in revenues was widely anticipated. Further, the company is eyeing more revenue growth in the second half of the year, as acquisition activity and a further increase in insolvencies plays out.

#2. Joules full year forecast revised lower

Lifestyle group Joules [LON:JOUL] has issued a pre-close trading update for the 26 weeks to 28th November this morning. Revenues are up 35% on last year and 15% on the corresponding figure two years ago, although supply chain issues and rising costs are acting as a brake on profitability, with the full year forecast being revised lower as a result.

#3. Ocado on course for its best Christmas ever

There’s a Q4 trading statement out from Ocado Group [LON:OCDO] this morning, which the company sees as setting it on course for its best Christmas ever. Revenues are off a shade from last year, but are up by almost a third from 2019, whilst average weekly order numbers continue to advance, too. Looking ahead, the company is eyeing revenue growth next year at the top end of historical averages.

This article is not investment advice. Investors should do their own research 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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