Three things you need to know in the financial markets this morning from investment writer, Tony Cross.
JustEat
There’s a short Q3 trading update out from JustEat [LON:JE] this morning, showing revenues that continue to march higher. Against the same period a year ago, the company has seen sales grow by 25% and outlook for the full year remains unchanged. Guidance has turnover for the period as being set to exceed £1billion as the business continues to deliver against its turn-around plan, although there are no hints at any strategic change in the loss making Latin American market.
Angling Direct
A few weeks back we noted the solid earnings update from niche retailer Angling Direct LON:ANG. They’ve published another statement today announcing that their latest new store opened at the weekend. This is a proverbial tiddler of a company with a market cap of under £40m but it will be interesting to follow the fortunes of the business as the wider retail sector attempts to re-invent itself to meet changing demands and economies.
Ashley House
The health and social care property partner Ashley House [LON:ASH] has this morning announced the disposal of its interest in Morgan Ashley Care Developments LLP. The company’s share price has been languishing against highs seen earlier in the year and the move will free up valuable funding capital for the business. The company will also refocus its activity on key areas of strength in health development and modular construction.
