skip to Main Content
Get your free daily newsletter: Actionable insight every morning for the self-directed investor. 
Join

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

Ryanair

Ryanair has published its quarterly trading statement this morning and the numbers have landed with a bump. Higher fuel and staff costs, plus lower fares have combined to knock profits down by some 21% although full year guidance remains unchanged. Ancillary sales are providing support here but the company does caution that any forward looking view is reliant on no significant discounting, any security events or adverse consequence from Brexit. The turbulence could continue for a while yet.

Cranswick

There’s a trading statement out from food producer Cranswick this morning, too. Revenues for the three months to end June are up 1.5% on the same period a year ago, despite some strong comparatives. Export demand to the Far East remains strong and the business continues to invest in new production facilities. The outlook remains in line with management expectations and there’s no telegraphing of any meaningful risk from events such as Brexit.

Just Eat

JustEat could be set for bigger things, with news over the weekend of a merger with Takeaway.com. Although JustEat’s shareholders would be the majority owners, the move would see Takeaway.com dominating. The combined group would be incorporated and headquartered in The Netherlands, but maintain its premium listing on the London Stock Exchange. This latter point is likely to be significant in terms of confidence in capital markets post Brexit.

Become a better investor with SharePad Designed to give you the confidence to pick your own investments, Sharepad gives you access to a wealth of information on UK, US & European stocks. Find out more

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.

Stocks in Focus

Here are some of the smaller companies we are following most closely. They all represent significant growth stories in our view. Our in-depth reports go into more detail on why we like them.

Comments


Get your free daily newsletter: Actionable insight every morning for the self-directed investor. 
Join

Thanks to our Partners

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

Pepperstone
FP Markets
IG
Spreadex
Trade Nation
WisdomTree
ActivTrades
Back To Top