skip to Main Content
enquiries@thearmchairtrader.com

Sign up for our Daily Digest newsletter - receive our daily market analysis and insight every morning

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

Ryanair [LON:RYA]

There’s a cautionary note from Ryanair out this morning regarding the impact delivery delays on the Boeing 737 MAX aircraft will have on the business. Rather than having almost 60 of the type in the fleet by next summer, the expectation is that the number will be around half of that. The company is using this as a catalyst for revising its schedules both for this coming winter and next summer as a result and openly acknowledges the worst performing routes will be cut as a result, but expects growth to normalise in the summer of 2021.

Burberry [LON:BRBY]

There’s a Q1 trading update from Burberry out today, which notably shows encouraging signs of growth in the Chinese market, with growth rates in the mid-teen percentage points being recorded. Overall sales were up around 4% but the company added that it expects performance for the year to be weighted into the second half. Do even better times lie ahead for the iconic fashion brand?

Hays [LON:HAS]

A broadly uninspiring quarterly update has been published from recruiter Hays, showing no change in fee income from a year ago. Noting tough comparatives and the timing of Easter, full year profits are still expected to be in line with expectations. Trading activity in the UK – particularly in the private sector – was noted as being subdued, whilst activity in Australia also slowed ahead of the country’s general election. The company remains exposed to macroeconomic and geopolitical factors over which it has no control, although the broad global diversification – UK accounts for less than a quarter of all income now – provides some mitigation here.

Share this article

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.

Back To Top

Oops! We could not locate your form.

Oops! We could not locate your form.

Oops! We could not locate your form.

Oops! We could not locate your form.

Oops! We could not locate your form.

Market insight and analysis, direct to your inbox

  • This field is for validation purposes and should be left unchanged.

 

Get our morning digest direct to your inbox

Sign up for Three Quick Facts and a wealth of insight & analysis to your inbox every weekday morning at 8am

  • This field is for validation purposes and should be left unchanged.