Here are three things you need to know in the financial markets this morning from investment writer, Tony Cross.
#1. BT Q3 numbers provide little excitement
Q3 results were published by BT LON:BT.A this morning and the headline figures give little cause for cheer. Revenues are off marginally, post-tax profits fell by almost a third and debt nudged its way higher, too. That bid speculation may help offer some support to the share price, but today’s numbers do feel somewhat muted.
#2. De La Rue new contract signed with Oman
The secure printers and authentication company De La Rue LON:DLAR have this morning announced a contract with the Oman tax authority to implement a digital stamp duty solution. There are however no details as to the size of the award, so despite this being seen as a key objective in the company’s turn around plan, the impact on the share price could well prove limited.
#3. SCS Group supply chain bottlenecks boost order book
An interim trading update is out from SCS Group LON:SCS today, covering the 26 weeks to 29th January. One year order intake is in line with management expectations having increased by almost 17%, whilst sales are also matching pre-pandemic levels. The order book has improved against comparatives, although part of this is a result of supply chain bottlenecks and the company remains on track to meet full year expectations.
