skip to Main Content

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

Smurfit Kappa

Packaging group Smurfit Kappa has published a quarterly trading update this morning showing a strong start to the year. The global demands from online shopping continue to buoy this sector and it’s helped drive 7% revenue growth for the business. The company continues to expand its geographical reach, a move which ought to help suppress some degree of economic risk, although a global slowdown would likely present some cause for concern.

Intercontinental Hotels

Hotel operator Intercontinental has published Q1 numbers this morning which contrast fairly sharply with those of Whitbread from earlier in the week. RevPAR – revenue per available room – is increasing across the vast majority of markets, although slower booking rates are still acting as something of a break here, with occupancy down by 0.2%. The company does however continue to expand apace, with 12,000 new rooms having been added to the portfolio in the last quarter.


HSBC has published Q1 numbers this morning, coming in well ahead of market expectations. Lower legal expenses have helped deliver a 31% uptick in profitability. With a focus on China and the UK, the company is susceptible to a hard landing for the world’s second largest economy and the overhang of a hard Brexit, but with both of these risk factors looking less likely, tailwinds could start to follow.


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.


Back To Top