skip to Main Content
Get your free newsletter: Actionable insight each morning for self-directed investors. 

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

Jet2

The leisure airline and tour operator Jet2 [LON:JET2] has this morning announced it successfully completed a fundraise of £422m last night, issuing new equity at close on a 10% discount. The offer was significantly oversubscribed and shows continued confidence in this sector, which given the narrative emerging from politicians could be in for another rough summer. The move expands the number of shares in issue by 20%.

Renewables Infrastructure Group

Unlike many in the green energy sector, shares in the Renewables Infrastructure Group [LON:TRIG] failed to find a bounce over the Christmas period. Gains were however seen – albeit on a temporary basis – at the start of the month so today’s news, that it has acquired a wind farm project on a ready to build basis in Sweden. This is a sizable investment and will account for 3% of the company’s overall portfolio once fully committed.


Remote Monitored Systems

Remote Monitored Systems [LON:RMS] is hosting a general meeting today, although there’s still no sign of progress regarding the completion of commissioning its manufacturing line. This will produce anti-viral masks but delivery has been held up after engineers involved in the project tested positive for COVID. With the risk of pushback from investors and silence when it comes to that production issue, some volatility may be seen during the day. You can follow the meeting at 1pm live on Zoom here

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

Become a better investor with SharePad Designed to give you the confidence to pick your own investments, Sharepad gives you access to a wealth of information on UK, US & European stocks. Find out more

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.

Stocks in Focus

Here are some of the smaller companies we are following most closely. They all represent significant growth stories in our view. Our in-depth reports go into more detail on why we like them.

Comments


Get your free daily newsletter: 

Thanks to our Partners

Our partners are established, regulated businesses and we are grateful for their support.

Pepperstone
FP Markets
IG
Spreadex
Trade Nation
WisdomTree
ActivTrades
Back To Top