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

HSS Hire

We have half year numbers from tool hire specialists HSS Hire out this morning and the company is now well into its turn-around plan. An overhaul of operations was implemented in a bid to improve profitability – and this appears to be delivering results. Compared to the same period a year ago, revenues are up almost 6% – helped in part by the improved stock availability which was part of the shake-up. Losses have almost been eradicated, too. The business is certainly showing good signs of progress.


Full year results from recruitment specialists Hays have been published today, with both profits and dividends hitting fresh records according to the company’s statement. Fees are up 12% and operating profits are up 15%. Expansion has been seen across the globe, with growth even being recorded in the UK despite the uncertain economic backdrop. Cost control appears to have played a key role in helping locally, but the geographical diversification of the business certainly provides a degree of insurance against some economic inertia.

Harvey Nash

Keeping with the recruitment sector and we have some solid earnings from Harvey Nash this morning, too. However, much of the uplift has come through acquisition, whilst permanent recruitment has been comparatively flat. Revenues were up around 25%, whilst profits increased just over 10%. The company remains on course to meet expectations for the full year.

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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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