skip to Main Content

Free Newsletter: Actionable insight every morning for the self-directed investor. Find out more

Join

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

DFS Furniture

There’s an upbeat trading statement out from DFS Furniture [LON:DFS] this morning, noting that sales over the last six weeks are running significantly ahead of expectations. The company suggests there are three drivers here – consumers spending disproportionately more on their homes, latent demand as a result of the lockdown and also the strength of the company’s digital offering, It’s not all plain sailing from here however, with the risk of further COVID uncertainty and the prospect of Brexit impacts both having the potential to take a toll on the business in the coming months. For now however perhaps something to cheer.

AstraZeneca

AstraZeneca [LON:AZN] has issued a note regarding a COVID-19 prevention and treatment therapy. The first participants have been ‘dosed’ in a phase I trial so clearly this is relatively early stage work, but if the medicine is tolerated by patients (there are only 48 of them) then the move to bigger trials will be able to proceed.


PetroNeft Resources

AIM listed PetroNeft Resources [LON:PTR], the Siberian oil producer, has updated the market this morning. The company notes that its production is currently up by around 17% from July 2019 levels, whilst an improvement in market conditions is also being lauded. Management is attributing the improved output to the field optimisation programs which started last year and indicates that other low-cost options to realise further gains here may be used in due course.

Sign up for three quick facts and more with our Free Daily Digest newsletter, every weekday morning.

Become a better investor with SharePad Designed to give you the confidence to pick your own investments, Sharepad gives you access to a wealth of information on UK, US & European stocks. Find out more

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.

Stocks in Focus

Here are some of the smaller companies we are following most closely. They all represent significant growth stories in our view. Our in-depth reports go into more detail on why we like them.

Comments


Preferred Providers

Our partners are established businesses, regulated by the Financial Conduct Authority, and we are grateful for their support.

Pepperstone
FP Markets
IG
Spreadex
Trade Nation
WisdomTree
ActivTrades
Back To Top