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

boohoo

There’s a solid trading update out from the online fashion retailer boohoo this morning. Revenues have jumped an impressive 47% for the 10 months to December 31st, with growth being seen across all operating divisions of the company. Perhaps more notably, margin growth has been seen in the vast majority of operations too. Guidance for the full year has been improved – again, proof that the retail sector isn’t dead, but it’s evolving rapidly.

Dignity

Funeral operator Dignity has published a trading update today and after the company was rocked by changes to pricing last year, the statement may provide some optimism for investors. Market share remains robust, average income is higher than expected and overheads have been lower than forecast, too. This last point probably needs to be taken in the context of charges being pushed from 2018 into 2019, but the company expects to report full year profits of £79 million, ahead of current market expectations.

Hays

A second quarter trading update from the recruitment and staffing company Hays has been posted, covering the last three months of 2018. Fee income growth has been seen across all territories, even the UK despite the ongoing Brexit uncertainty – although the company does concede that this is being measured against easier comparatives.

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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