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

Ryanair

There’s an upbeat set of Q3 results out from Ryanair [LON:RYA] this morning. Passenger numbers are up 6% from a year earlier but the stand out is arguably the revenue stat, up by 21%.  Bookings over the Christmas period were ahead of expectations and although this has to be set against rising fuel costs – more planes flying – and an uptick in staff costs, with pilot attrition now reported to be close to zero, investors may be finding plenty to cheer in these numbers. One point that stands out in the release is a claim that passengers can halve their CO2 emissions by using Ryanair rather than other major EU airlines.

Just Eat

Shares in the newly combined Just Eat Takeaway group will start trading on the London Stock Exchange this morning, despite the overhang of the CMA’s investigation into the merger. The uncertainty here will likely leave investors hungry for any fresh direction over the competition regulator’s views – aggregator sites like this don’t lend themselves readily to disposals in the event of market dominance concerns.

Quarto

Slightly left field for this column, but publisher Quarto [LON:QRT] has issued a note covering the results of an offer of new shares. The sale has been successful, but with £1.1 million of the £13.9 million raised being earmarked as expenses, this is a salutary reminder of the costs involved in tapping the market for fresh capital. The cash raised will be used to pay down debt under the terms of an Amended Facilities Agreement.

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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.

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