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Home » UK Shares » Three Quick Facts » Three Quick Facts: Rolls Royce, BAE Systems and Hays

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

#1.  Full year profitability returns for Rolls Royce

Full year results are out from Rolls Royce [LON:RR.] this morning, with the company noting free cash flow ahead of expectations and that cost savings from restructuring have been delivered a year earlier than had been forecast. As a result the company has posted its first full year profit since 2017. The company notes it is well positioned for further growth.

#2. BAE Systems dividends up as sales march higher

There’s a solid enough set of full year results in from BAE Systems [LON:BA.] which appears to give little cause for concern. Sales are up 5%, EPS is up 12% and net debt is being paid down. The one point that may cause concern is the modest contraction in order backlog, but investors are being rewarded with a 6% dividend increase.

#2. Hays sees full year profit upgrade and promise of special dividend

Recruiter Hays [LON:HAS] has published half year numbers this morning, noting net fees off the back of the return to work and a solid performance across all territories. Income rose by 34% whilst profits surged more than 300%, allowing the company to declare an interim dividend of 0.95p per share. What’s more, a substantial special dividend is also anticipated off the back of the full year results, which have been upgraded, suggesting that profitability will come in between £210m and £215m.

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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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