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

#1.  Ibstock sales return to pre-pandemic levels

Ibstock [LON:IBST], the listed brick manufacturer, has posted full year results this morning. Sales matched 2019 levels and the company posted a £65m profit. There may be some disappointment here that price inflation hasn’t provided more of a lift to those revenue figures, but the company notes it is carrying some strong momentum into early 2022 trade.

#2. 888 Holdings revenues edge towards $1bn

Full year results from 888 Holdings [LON:888] are out this morning, with the company showing strong revenue growth of 15% but falling just short of the $1bn mark. Gross profits are up by a similar amount and the company notes that momentum in the early part of the current year has remained upbeat. This company continues to scale at a rapid pace and the incoming acquisition of William Hill with further that cause, although investors have been advised that the capital requirement here means no dividend is being proposed.

#3.  Will Molten Ventures portfolio update cheer investors?

A short note from Molten Ventures [LON:GROW] today who advise that following the closing of an external funding round in an undisclosed portfolio company, the fair value of Molten’s stake has risen by £76m, with the increase in fair value supporting previously advised guidance of 35% for the group over the 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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