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

ITV

Q1 results have been published by ITV this morning, with the ongoing political and economic uncertainty taking a toll. Audience figures are up, but advertising revenues remain under pressure as had been previously guided. The late Easter weekend did little to help the numbers either, with the benefit here set to be felt in the second quarter figures. A strong year of programming ahead may be planned, but given last year’s World Cup success, the comparatives will be tough.

JD Wetherspoon

A Q3 trading statement is out from Wetherspoons this morning, which is certainly light on detail but ought to impress investors. Like for like sales are up by 7.6% for the period and the business continues to anticipate a trading outcome in line with previous expectations.

Imperial Brands

Half year numbers from Imperial Brands show the business as being on track to deliver full year results. Tobacco volumes are falling but “NGP” or Next Generation Products like e-cigarettes continue to grow, offsetting the decline. Revenues are up 2.3%, operating profits have jumped by well over a third and investors will be rewarded with a 10% increase in dividends.

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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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