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

Dunelm Group

The overriding theme in UK retail right now might be one of doom and gloom, but Dunelm Group has this morning published its second quarter trading update and the purveyors of soft furnishings seem to have some good news to report. Total revenue growth across the Dunelm business was 9.6%, whilst margins across the group have picked up by 1.9%. The company notes caution about the consumer outlook but profits for the first half are expected to come in around £70m, up £10m on the same period a year ago.

Avon Rubber

Avon Rubber, the company that makes products ranging from gas masks for the military to milking teats for farmers, has this morning posted news of another contract win. The deal is worth up to $92.7million over the next seven years, for the supply of oxygen masks for fighter pilots plus related engineering support to the US Department of Defence.

Equiniti

More contract news (it’s Monday, so earnings are thin on the ground) but Equiniti has won a gig with Ofcom. It will be running the Program Making and Special Events (PMSE) grant funding scheme for the communications regulator. Details of the contract size haven’t been disclosed, but with the share price languishing close to 12 month lows, the news is probably to be welcomed by shareholders.

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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.

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