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


Greggs [LON:GRG] has published its latest trading update this morning, showing further stellar growth for the company. Sales rose by 7.2% in 2018, but that figure has been comprehensively beaten with a 13.5% uplift for 2019. The number of shops now stands at 2050 and employees have shared in a £7m bonus, too. Profits for the full year are now expected to be slightly ahead of forecasts, despite wage and broader price inflation pressures.

J Sainsbury

There’s a mixed bag of numbers from Sainsbury [LON:SBRY] in their Q3 update which has just been released. Grocery sales are up, with solid growth in the online channel and clothing has performed well too, but general merchandise is struggling. That combined to see total sales fall 0.7% on the same period last year – the business may be turning a corner, but investors could be forgiven for wanting to see more evidence of this. Full year results will be published at the end of April.

Topps Tiles

Keeping with retail, Topps Tiles [LON:TPT] has posted Q1 numbers which served to highlight the political and economic uncertainty which has been gripping the UK economy. Trading conditions remained challenging, resulting in a 5.4% decrease in sales over the last 13 weeks – although this shows a marked improvement over the 7.2% fall in the first 8 weeks of that period. The general election appears to have acted as something of a turning point – management, staff and investors will be hoping the headwinds continue to abate from here.

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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