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


There’s a trading update out from Pendragon this morning which is fairly light on detail but highlights the impact of regulatory change on the supply of new vehicles. In addition, it suggests that full year profits will be in the region of £50m, suggesting that the hopes of a better second half cited by the company in the summer might not be realised.

Funding Circle

Recently floated Funding Circle has published a Q3 trading update this morning. Loans under management are up 65% against the same period a year ago, whilst the projected yields are edging their way higher, helped by an expectation that bad debts will fall. Growth expectations remain unchanged.

London Stock Exchange

The London Stock Exchange has posted a Q3 trading statement this morning, showing more growth for the business, albeit at a measured rate. Capital Markets revenues are up a mere 2% but information services is performing rather better, up 17%. The company is also continuing with its outright acquisition of LCH Group, of which it now owns 80%, with full ownership expected by the end of Q4.

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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