skip to Main Content
Get your free newsletter: Actionable insight each morning for self-directed investors. 
Home » Regular Columns » Three Quick Facts » Three Quick Facts: Royal Mail, Beazley and IAG

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

Royal Mail

Royal Mail [LON:RMG] has announced that it is seeking a high court injunction over the planned industrial action being threatened by unions. The company has identified irregularities in the polling process and with disruption set to hit the peak Christmas rush, a successful intervention here could provide the share price with a meaningful boost. The expectation is this application will be heard by the court next week.


Insurers Beazley [LON:BEZ] have published a trading update for the first nine months of the year. Written premiums have increased 12% on the same period a year ago, although the company is being hit extensively for claims. Catastrophes in recent months are taking a toll and the full year combined ratio is now expected to be above 100%.


British Airways owner IAG [LON:IAG] will today hold a capital markets day and ahead of this has issued a statement containing key headlines from the event. Critically the growth of ASK (available seat kilometres) is being trimmed in the coming years, which in turn is forecast to impact EPS growth. On top of this, capex is set to be around 100% higher than previously announced, although there has also been an accounting change to how this figure is calculated. If investors read this as the company having been squeezed dry, forcing spend to now increase, the share price may come under some early pressure.

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.

Stocks in Focus

Here are some of the smaller companies we follow most closely. They represent significant growth stories in our view. Our in-depth reports detail why we like them.


Subscribe for more stories like this, 8am weekdays - for free!

Get your free daily newsletter: 

Thanks to our Partners

Our partners are established, regulated businesses and we are grateful for their support.

FP Markets
Back To Top