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

PZ Cussons

There’s a half year trading update from PZ Cussons out today, showing a less than stellar picture for the business. Revenues are down 10% and pre-tax profits are showing a 20% decline after a challenging period in the Nigerian market. Europe and Asia both performed well and the company is committed to maintaining its dividend.

Hargreaves Lansdown

Hargreaves Lansdown has published its six month update today, showing growth essentially across the board. A sluggish underlying market is the biggest challenge here, with Assets under Administration falling 6% from last summer despite another 45,000 clients signing up, but with profitability up 4% and a modest increase in the dividend, the company remains positive over the outlook despite the geopolitical uncertainty at home and abroad.

Dominos Pizza

A Q4 trading statement from Dominos Pizza paints another upbeat picture for discretionary retail spend, at least in the UK. Sales are up 4.5% in the domestic market and 7.5% in Ireland, although international markets including Norway continue to struggle while Switzerland was scuppered by strong comparatives. Online sales continue to creep higher however, illustrating the company’s multi-channel commitment.

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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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