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


Full year earnings are out from Ocado this morning and the picture doesn’t seem to offer that much worth cheering. There’s no news of the mooted tie up with Marks & Spencer, whilst the eps figure has come in just below the lower range of forecasts, too, with a loss per share of 6.85p being recorded. Investors may be struggling to find much love for the stock this morning.


Better than expected Q4 numbers are out from BP this morning, with the company citing a strong operational performance across the board. The news comes despite the collapse in oil prices seen at the end of last year and investors are being rewarded with a modest increase in dividends.


Carpetright has published a trading update this morning, along with news that their CFO is to retire. The company was struggling to stay afloat last year but is on target to deliver promised cost savings and whilst the UK performance remains lacking, a better picture is being seen overseas. The CFO will remain in post until the end of this month then work with his successor until the end of April to affect an orderly transition of responsibilities.

Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand 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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