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


Oil giant BP [LON:BP] has published its Q3 earnings this morning. Revenues have plummeted against the same period a year ago, as a result of lower prices, bad weather and higher maintenance costs. The figure may have beaten expectations but that softer pricing saw the business surprise the market by posting a $750m loss for the three months. Production is expected to improve in the final quarter of the year as maintenance operations are completed but if prices remain weak then the business may still struggle to impress.

John Laing Group

John Laing Group [LON:JLG] has published a note this morning which is likely to impress any investors concerned that the business isn’t looking for new opportunities when it comes to deploying capital. Not only has the business completed on a £62m deal for a Colombian road project, but it has also snapped up a 35% stake for £13m in a Canadian light rail project.

Plus 500

Plus 500 [LON:PLUS] has a quarterly trading update out this morning covering the period to 30th September. This is of specific interest as the comparable period last year highlights the impact of ESMA leverage restrictions coming into force. The business has increased revenue by 10% against the 2018 figure and acquisition costs also fell significantly, down by over 40%. The company is on track to deliver against full year expectations.

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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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