skip to Main Content

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

JD Wetherspoon

We have full year results from JD Wetherspoon out this morning and yet again, the Chairman has prioritised offering his political thoughts over Brexit rather than an update on the company’s finances.

Pick beyond this however and there are some numbers worth cheering on the books.

Like for like sales are up 5%, earnings per share have risen almost 15% and the full year dividend is being maintained.

The company spans two sectors which have faced a rough ride of late owing to rising competition and wavering economic confidence amongst consumers. This seems like something worth raising a glass to.

Avon Rubber

Avon Rubber makes a rather esoteric mix of equipment for milking cows and gas masks for the military. They have published a pre-close trading update this morning ahead of the year end and the company is sending a positive message out. Both divisions are doing well in terms of sales, with a recovery in the North American dairy market being cited as a stand out.

Profits – due to be announced mid-November – are set to be in line with expectations.


Technology recruitment business SThree has published a quarterly update this morning with gross group profit rising by 13% year-on-year. This is maintaining the pace of expansion seen in Q2, with specific growth being highlighted beyond the UK.

Domestic expansion is sluggish, but the local market only accounts for 16% of profit, down from 20% a year ago.

The company sees Q4 as its most significant but remains confident of full year prospects.

Share this article

Sign up to our Daily Digest newsletter and receive our latest insight every 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.

Related articles

This Post Has 0 Comments

Leave a Reply

Your email address will not be published.

Back To Top