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Here are three things you need to know in the financial markets this morning from investment writer, Tony Cross.

#1. Everyman Media full year revenues to exceed previous estimates

There’s a trading update out from the cinema operator Everyman Media [LON:EMAN] this morning, noting that admissions have been ahead of expectations since interim results were posted back in September. As a result, revenues for the full year will now exceed previous estimates with turnover no lower than £46m, EBITDA of at least £7m and there’s confidence that the momentum will be carried into the new year.

#2. ITM Power secures funding for 10MW electrolyser

More news from ITM Power [LON:ITM], this time announcing that funding has been secured for a 10MW electrolyser to produce green hydrogen at a site near Glasgow. The project is designed to provide carbon-free transport and clean air for communities across the city, with Glasgow aiming to become the first net-zero city in the UK by 2030. The facility aims to supply hydrogen to the commercial market by the end of 2023.

#3. Dialight net debt expectations have been revised higher

Dialight [LON:DIA], the global leader in LED lighting, has published a trading update for the four months to 31st October this morning. The group had traded well, noting year to date order intake up by 34% but a strategic decision had been taken to increase inventory levels in a bid to mitigate supply chain issues and successfully maintain on time deliveries. As a result, net debt expectations have been revised higher – something that is likely to be a recurring theme across industry in general. Expectations for the full year do however remain unchanged.

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Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Tony Cross

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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