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Home » UK Shares » Three Quick Facts » Three Quick Facts: Pearson, Evraz and International Consolidated Airlines

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

#1. Pearson’s profits climb, dividend upped

Full year numbers are out from educational publisher Pearson [LON:PSON], with underlying sales growth up 8% and operating profits up by a third. The company notes it has made strong strategic progress and whilst there’s momentum in play, expectations for the current FY remain in line with forecasts. Positive operating cashflows are being used to pay down debt and shareholders will be rewarded with a modest uptick in dividend to 20.5p for the full year.

#2. Positive numbers overshadowed by sanctions risk for steel maker Evraz

A timely release of full year numbers from Evraz [LON:EVR] this morning. The Russian steel maker has seen its share price fall by more than 70% since the start of the year and whilst the headline numbers all look upbeat – revenues up by 50%, net profits have almost quadrupled and so on, there’s no shying away from the potential threat posed by sanctions. That’s referenced in the note, but given the ability for restrictions here to cut very deep indeed, it may be a stretch too far to find much to cheer in today’s release.

#3. IAG plots return to profitability this year

Full year results are also out from British Airways’ owner, International Consolidated Airlines [LON:IAG].  Passenger numbers and revenues are slowly recovering, which is helping trim losses to an extent, with the company noting that premium leisure travel is an exceptionally strong performer. Critically, management believe they can plot a return to profitability this year, which is likely to fuel interest amongst investors.


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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