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

SSE

There’s a Q3 trading statement out from utility provider SSE [LON:SSE] today, which appears to show little cause for concern. The COVID pandemic has taken a toll on the business, but operating profit is set to come in around the previously stated range of £150m-£250m. Shareholders will be cheered by the fact that this doesn’t stand to impact dividends, which will reflect last year’s payment plus RPI. Adjusted EPS forecasts remain in line with those last stated in early December.

DCC

FTSE-100 listed marketing support group DCC  [LON:DCC] has published an interim management statement for the three months to December 31st. Operating profits were well ahead of the comparative, positioning the full year well to see strong growth despite the economic uncertainty that lingers. The company has been expanding operations through a series of acquisitions, an initiative that the company remains committed to pursuing.


Virgin Money UK

Q1 numbers are out from Virgin Money [LON:VMUK] today, with the headline being that these are in line with management expectations despite wider economic uncertainty. The stand outs here may well be around consumer behaviour with the bank noting customer deposits had grown whilst personal lending was lower, as the public became more prudent – and indeed had fewer options for spending money. Critically, the company notes that it hasn’t been required to make any COVID-specific provisions for bad debt, with government mandated credit-holidays arguably having helped streamline the position here.

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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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