*
skip to Main Content
enquiries@thearmchairtrader.com

Sign up for our Free Daily Digest newsletter: Actionable insight every morning, designed for the self-directed investor. Find out more

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

Hargreaves Lansdown

Half year results from Hargreaves Lansdown [LON:HL] are out this morning. Assets under administration are now above £100bn and pre-tax profits have grown by 12%. Investors are being rewarded with an interim dividend which is 9% higher than was paid out a year ago and this has the potential to offer some cheer. New business added has slowed a little, but given the economic and political uncertainty which has been prevailing of late, investors may be happy to overlook this.

Britvic

There’s a Q1 trading update out from Britvic [LON:BVIC] this morning, with revenues for the period up 4.9% on the previous year. That doesn’t take an accounting change into consideration however so add that in and the figure is a more modest 2.6%. That’s still being pitched as a robust start and the company remains on course to meet market expectations for the full year.

TalkTalk

Telecoms operator TalkTalk [LON:TALK] has published a Q3 update today, with figures looking flat to fractionally lower on previous trading periods. The company is however optimistic that the recent sale of FibreNation simplifies the underlying business and leaves them better positioned for growth in the future. The proceeds from this disposal will also bolster the balance sheet and with cost savings on track, the previously stated outlook for earnings remains unchanged.

Sign up for three quick facts and more with our Free Daily Digest newsletter, every weekday morning.

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.

Comments

Back To Top