Three things you need to know in the financial markets this morning from investment writer, Tony Cross.
Half year numbers are out from sports betting group GVC this morning. Revenues for the period are up with most divisions performing well and that’s despite the 2018 Football World Cup providing some tough comparatives. The only drag is coming from the UK, with the fall-out of lower limits on fixed odds betting terminals taking a toll. The company does however note that the trends are better than initial guidance suggested.
A Q1 trading update from TalkTalk has been released, and the company seems to have had a solid start to the year. Headline revenues are up, customer churn remains low and cost saving initiatives are on track. Strong demand for fibre optic connections direct to customer premises is also bolstering performance and the full year outlook remains unchanged.
Hotel Chocolat [LON:HOTC]
Hotel Chocolat has also published a full year trading update, with sales up 14% on the same period last year. Detail beyond this is scant, but the store roll out appears to be going well with new openings being seen in both the UK and abroad. Trading remains in line with expectations, with profits expected to follow. Full year results are due on September 24th.