Three things you need to know in the financial markets this morning from investment writer, Tony Cross
Quarterly numbers from the takeaway food delivery service Just Eat have been published today, showing a healthy 41% uptick in revenue growth. That is however down a shade on the 44% posted for the year to date and although the company is confident that full year revenues will come in towards the upper end of the previous forecast range, EBITDA is set to be hit once again as a result of infrastructure development costs.
- Can Just Eat serve up something a bit more appetising?
Smith & Nephew
There’s a Q3 trading statement from Smith & Nephew, the global medical technology business, out this morning. It reconfirms the previous full year guidance whilst 10% revenue growth in emerging markets is certainly something worth applauding. Full year results are to be published on February 7th.
- Smith & Nephew cuts 2018 full-year guidance
Royal Dutch Shell
In the wake of peer BP, Shell has reported its Q3 numbers this morning which again show profits soaring as a result of rising crude oil prices. The various benchmark grades of crude are around 40% higher than they were a year ago, but even despite this, the $5.6 billion profit figure still fell short of forecasts.