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

Ryanair

Low cost airline Ryanair may have published some upbeat traffic figures yesterday, but this morning the Civil Aviation Authority has announced it has started enforcement action with the company over its refusal to compensate passengers for delays caused by industrial action in the summer. This is set to test current process for the industry as a whole, so competitors and passengers alike will be keen to see the outcome.

Stagecoach

Half year results are out from Stagecoach this morning, and the numbers are ahead of expectations. The positive resolution of outstanding matters over the company’s former South West Trains franchise plus high levels of profitability on the Virgin rail joint venture have served to bolster figures, although against strong comparatives there has been a year on year decline. The interim dividend is however being maintained.

Patisserie Holdings

Patisserie Holdings – the company behind Patisserie Valerie which found itself at the centre of an accounting scandal less than two months ago – has announced the appointment of an interim CFO. Shares in the company remain suspended, but a statement from the CEO makes clear that the business is working tirelessly to look to the future.

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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