Three things you need to know in the financial markets this morning from investment writer, Tony Cross
Aggreko
Portable power generation company Aggreko has published full year results today, suggesting they are in line with market expectations although a number of metrics such as eps are a shade below consensus forecasts. The company is keen to point out that 80% of revenues are derived from outside the UK and EU, so Brexit shouldn’t present too much of a problem even if a no-deal scenario arises, although global macroeconomic uncertainty is seen as a rising risk.
Biffa
Integrated waste management company Biffa has published a trading update this morning, noting that the business is running in line with expectations. Full results for the year aren’t due until early June, but net revenue growth is being seen and this should bolster the bottom line.
Legal and General
The big news this morning is full year numbers from Legal and General. Operating profits are up 10% despite some weakness in the investment portfolio off the back of market volatility. Earnings per share are up 7% and shareholders will be rewarded with a 7% uplift in the dividend.
