skip to Main Content
enquiries@thearmchairtrader.com

Sign up for our Free Daily Digest newsletter: Actionable insight every morning, designed for the self-directed investor. Find out more

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

Sage

Half year results from Sage are out this morning, showing solid revenue growth with a bias towards the subscription model. The company does note that this is against soft comparative figures for the same period a year ago, but expects full year numbers to be towards the upper end of previous guidance. Margins are admittedly under a little pressure but the uptick in dividend is likely to offset any downside here.

easyJet

Rising costs and falling revenues have made for a difficult first half for easyJet. The 13.3% increase in passenger numbers may provide some solace but the company is looking at a £272 million loss from the period, compared with £68 million a year earlier. Costs are however expected to fall in the second half, leaving the full year outlook as unchanged.

Metro Bank

Metro Bank has announced the successful placing of its rights issue. The deal was oversubscribed by almost 10% and investors will be hoping this draws a line under the share price’s recent demise. Just over a year ago, shares were trading at £40 each. Last night they closed at £5.36.

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.

Comments

Back To Top