Three things you need to know in the financial markets this morning from investment writer, Tony Cross
Dixons Carphone have published their trading statement covering the Christmas period and the numbers are in line with expectations – but far from stellar. Margins are being maintained across the group but mobile continues to struggle with weak inflation playing a key role here. Full year profit expectations remain unchanged at £300 million and the international multi-channel growth is also worthy of note, with overseas online sales up 22%.
Easyjet has published its Q1 trading statement this morning and whilst falling short of the profit warnings posted by Ryanair, the picture doesn’t look great. Capacity is up and so are overall revenues, but costs are rising at the same time as per seat revenues are falling. With oil prices tipped to keep rising in 2019, the fares will have to start rising, too.
Pets at Home
Pets at Home has published a trading statement for the last 12 weeks and again this is a bright spot in the retail sector. The UK pet care market remains in good health with vet revenues doing especially well. Like for like revenues are up 5%, although there’s no change to the full year guidance being reported.