Here are three things you need to know in the financial markets this morning from investment writer, Tony Cross.
#1. DX Group unable to present annual results before six month filing deadline
There’s a warning shot from DX Group [LON:DX] this morning who have announced that they won’t be able to present their annual results before today’s AGM as an ongoing governance investigation hasn’t yet been concluded. Worse still, the company notes that the work won’t be completed before the six month filing deadline passes, in which case shares will be suspended immediately after the Christmas break. The company is confident of its underlying position however, so will the price hold?
#2. MJ Hudson pre-tax profits increase by 150%
MJ Hudson Group LON:MJH, the service provider to the Asset Management industry, has today published full year results. Underlying revenues are up by 26% and pre-tax profits have increased by 150%, leaving the company to propose a maiden dividend of 0.125p per share. The company is growing by acquisition and notes that it has a solid, qualified pipeline of opportunities already in hand. This will be funded through a mix of debt and equity.
#3. John Menzies renew deal with easyJet at 21 airports across Europe
Finally, there’s a note out from John Menzies [LON:MNZS] this morning, the global aviation logistics experts. They have announced a contract renewal deal with easyJet at 21 airports across Europe, which will involve handling more than 80,000 flight turn-arounds each year. This extends a relationship between the two parties which dates back more than 15 years.
