Three things you need to know in the financial markets this morning from investment writer, Tony Cross
First quarter results from Just Eat have been released this morning, with a 21% increase in orders and a 28% increase in revenues being recorded. The fact that average spend is increasing is worthy of note and the company adds that Q1 performance has been impacted by tough comparatives plus the timing of Easter. Order numbers from operations outside the UK fared even better, increasing by 40%.
Advertising giant WPP has published a first quarter update today, too. The company lost a number of clients last year, most notably in the US where revenues fell 8.5%. Growth was however more meaningful in emerging markets, leading to overall revenues rising 0.9% although headwinds are likely to persist through the remainder of the year ahead.
Educational publisher Pearson has posted Q1 results this morning. The company sees a strong start to the year and future guidance remains unchanged, with new product developments and the continued transition to digital platforms also playing an important role in the outlook. Further detail is scant, but there seems to be little here to cause concern amongst investors.