Three things you need to know in the financial markets this morning from investment writer, Tony Cross
Full year results from Dominos Pizza are out today and it’s another mixed bag. The UK & Ireland operation continues to deliver up more of the same solid growth, but the company continues to persevere with expansion into Europe. Iceland and Germany are now profitable, but losses continue to be picked up in Norway, Sweden and Switzerland. As markets with a collective population exceeding 100million and little global brand competition, there’s conviction that they can make this work and added focus is being put on the project. With a 5% uptick in the dividend, shareholders might well be happy to persevere with this for a while longer, yet.
G4S has also posted full year numbers this morning and although revenues are down a shade the picture isn’t quite as bleak as analyst expectations had suggested they would be. The dividend is being maintained from the 2017 level and the company has indicated there’s a solid outlook for the year ahead.
Online gaming company 888 has published full year figures today, showing falling revenues, but improved profitability. A tight rein on expenditure is evident here, although the 20% decline in dividend for the full year may not be all that well received. The outlook is also clouded by some degree of risk, including regulatory questions especially in the US and the risk of a global economic slowdown. It seems unlikely this will do anything to lift the share price from its current malaise, down 50% from 10 months ago.