Three things you need to know in the financial markets this morning from investment writer, Tony Cross
There’s a trading statement out from Rolls Royce this morning, announcing that the company has signed an order to provide engines for new aircraft which have been ordered by Emirates. The deals all work on the total care package, where Rolls Royce looks after the engines throughout their lifetime and may help offset any fears over the impact of Airbus having cancelled the building of further A380 superjumbos.
AstraZeneca has published Q4 and full year results this morning. Total revenues are a shade higher than had been expected, but earnings per share have fallen short. This has however been sufficient to enable dividends to be increased to $2.80 per share, slightly better than the market had been expecting.
Low cost housebuilder MJ Gleeson has today published half year results and perhaps unsurprisingly with core housing becoming so expensive, this business remains on the up. Revenues are up 52%, pre-tax profits up more than 60% and shareholders are being rewarded with a close on 30% increase in dividends. The company’s average selling price now stands at £127,400.