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Three Quick Facts: Next, Wizz Air and Apple


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


Nothing says back to work after the Christmas holidays like the early-January trading statement from fashion retailer Next. Sales have been posted as in-line with guidance after an uptick in demand in the three weeks before the festive break plus a good performance during the October half term holiday helped offset a poor November. Full year profit is now expected to come in at £723m, down £4m as a result of some seasonal product attracting a lower margin.

Wizz Air

December traffic figures have been released from Wizz Air this morning, showing continued expansion for Eastern Europe’s largest low-cost airline. This sector is likely to remain in focus during the year ahead as a slowing global economy stands to overshadow progress, but with seat capacity up 16.5% from a year ago and the number of passengers carried up 18.3%, the airline isn’t struggling to attract customers. The critical point however is just how much they are each paying.


A quick diversion across the Atlantic to Apple, who last night issued a rare downgrade over its guidance. Slowing sales in China are causing concerns for the business and shares fell sharply in post-market trade last night. The stock slumped around 8% and is also being seen as triggering some significant increases in volatility for currency markets. Global trade woes are leaving investors to adopt a risk-off approach to currencies with the Yen winning big. Combine this with Brexit woes and Sterling lost out, although as we’ve seen in the past, a weaker Pound tends to buoy the FTSE-100 as a whole.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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