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

Accountancy software company Sage has posted a quarterly trading update this morning with growth essentially across the board. Headline group revenue is up 7.6% and the only reported weakness is in software related services where revenues fell, although the company is making a conscious effort to move away from one off payments to recurring subscriptions. This reflects the first quarter of the financial year, but the company is reiterating its full year guidance as issued in the last annual results.

Premier Foods

Premier Foods, the company behind brands including Mr Kipling, has published its Q3 trading statement today. It’s something of a mixed bag as branded sales and grocery sales – including its Batchelors brand – are rising, but its non-branded sweet treats division is struggling, with sales off by over 20% for the period. Full year guidance is unchanged.

Ibstock

Brick manufacturer Ibstock has published a trading update today for the year ending December 31st. Despite Brexit uncertainty, there has been no let up in the house building market and this has been reflected in the numbers. Revenues are up 8% for the full year, reflecting growth both in volume and price. Full results will be published at the start of March.

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