Three things you need to know in the financial markets this morning from investment writer, Tony Cross.
Dunelm
There’s a good set of interims out from Dunelm LON:DNLM this morning with meaningful improvements in both margins and revenues being recorded. The third quarter has started well, too, leading management to offer investors a 6.7% increase in the dividend. The current run rate is such that full year profit forecasts are now expected to come in slightly above previous expectations.
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Babcock International
Babcock LON:BAB has published a trading update this morning covering the first nine months of the year. The company needs to be applauded for the clarity of the layout, stating explicitly where previous guidance sat on the key metrics and comparing that against the latest thoughts. Beyond that there’s nothing much to note – operating profits are expected to come in at the bottom end of the previously stated range, whilst the order book and pipeline remain at a record level.
Arbuthnot Banking
Arbuthnot Banking LON:ARBB has issued a pre-close trading statement today, ahead of full year results due at the end of next month. Profits are expected to come in at the upper end of the previously stated range, with the decisive result in last year’s general election having helped bolster confidence across the market.
