Three things you need to know in the financial markets this morning from investment writer, Tony Cross
Polymetal
Full year results from Polymetal have been released this morning, showing something of a mixed bag. Headline revenues for the year are slightly below expectations, but earnings per share and the dividend have both come in slightly ahead of consensus forecasts. Group costs are however down year on year, which has in turn helped bolster margins.
Clarkson
Clarkson, a world leader in integrated shipping services has released full year earnings this morning. This sector saw a challenging start to the year and troubled waters may well lie ahead, too, given the slowdown in global trade flows. However despite the backdrop, earnings per share came in slightly ahead of forecasts and another strong dividend has been paid. The note cautions that performance is likely to be weighted into the second half of the year ahead, but the company remains positive over the outlook.
Superdry
Superdry has issued notice of a general meeting this morning, following a request from two shareholders who are seeking board appointments. These include the company’s former brand director who was said to be responsible for the Winter 2018 range, something which was said to have contributed to the company’s financial underperformance. Looks like a needless distraction that Superdry could do without after last year’s 75% collapse in the share price.
