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

Bodycote

Bodycote plc has published full year results this morning and they’ve come in well ahead of analyst expectations. With an eps of 55.9p, that 14% ahead of the 2017 figure and shareholders will once again be receiving a special dividend on top of the standard payout. The company is seeing solid growth in emerging markets and whilst they’re mindful of the global economic outlook, there’s a reasonable cash pile to help the business navigate turbulence.

Northamber

Trade only IT distributor Northamber has published interim results today and the company’s UK focus plus ongoing Brexit malaise is laying bare the situation faced by many businesses. Revenues for the last six months are down by around 25%, which has in turn close on doubled losses for the period. This is a thinly traded small cap but the reaction today is unlikely to be positive.

Serco

Outsourcer Serco has signed a deal worth $200m to provide support to the US Pensions Benefit Guaranty Corporation. This is an entity which is responsible for the benefits of people who are in failed pension plans and should be seen as a prestigious win for a UK company. Picking up a contract like this in an increasingly protectionist US is probably worth applauding, although the note gives no indication of the expected margin on the project.

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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