skip to Main Content
Get your free newsletter: Actionable insight each morning for self-directed investors. 

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

#1. Ryanair sees 128% increase in passenger numbers

Ryanair [LON:RYA] has published half year results this morning, covering the six months to 30th September. Despite a 128% increase in passenger numbers, a EUR48m loss has been recorded although with a cash balance in excess of EUR 4 billion, this should placate investors. The airline notes that its recovery post-COVID is a rapid one although a challenging winter still lies ahead.

#2. Shoe Zone ups pre-tax profit expectations

Shoe Zone [LON:SHOE] has provided a further update off the back of its full year trading statement from a few weeks ago, noting that pre-tax profits are now expected to be in the £9m-£10m range. Underlying trading has been better than previously forecast, but just as critically a £1.5m one-off pension contribution won’t need to be recognised in this year’s accounts. Favourable currency exchange movements have further bolstered the outlook with audited results expected in January.

#3. Harland & Wolff aims to achieve a cash break-even by the end of the current full year

Harland & Wolff Group [LON:HARL], the infrastructure and ship building company, has published interim results for the 12 months to July 31st as it works through an extended 17-month trading period ahead of a change in the accounting reference date. Off revenues of £10.2m, the company posted a £12.1m loss although the board are confident that they can achieve a cash break-even by the end of the current FY and will be EBITDA positive in 2022. There’s certainly big ambition too with the CEO noting that if the company can be utilising 80% of its capacity, it has the potential to generate revenues of £500m – that’s a big ask, but the government’s post-Brexit agenda may give an advantage.

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: 

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