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Home » UK Shares » Three Quick Facts » Three Quick Facts: MJ Gleeson, Cineworld and Hilton Food Group

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

MJ Gleeson

There’s a trading update out from MJ Gleeson [LON:GLE] this morning, the low-cost housebuilder and strategic land specialist. Results for the year to June 30th are now expected to be ahead of expectations as a result of strong demand bolstering selling prices, something which has more that outstripped recent increases in materials costs. Its strategic land business is also faring well, with demand for ‘consented’ land now back at pre-COVID levels.

Cineworld Group

Cineworld Group [LON:CINE] has issued a note highlighting a strong performance for the first weekend of reopening of venues in the UK. Attendance at Peter Rabbit 2 was well ahead of expectations and the note highlights that concession sales were strong too, with viewers keen to get the full cinema experience. New releases due in the coming days mean that the company has upbeat expectations over next weekend’s sales, too.

Hilton Food Group

There’s a broad trading update out from Hilton Food Group [LON:HFG] this morning ahead of the company’s AGM. There’s certainly no stand out theme in here, with growth in some sub-markets being countered by production issues elsewhere. Overall the narrative looks to be weighted on the positives and the company notes its strong financial position, but there’s a definite note of caution running through this.

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This article is not investment advice. Investors should do their own research 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.

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