Here are three things you need to know in the financial markets this morning from investment writer, Tony Cross.
#1. Omicron sees SSP growth plan stumble
SSP Group [LON:SSPG], the food operator at transport hubs, has today published a trading update for October-January ahead of its AGM. Over the period, revenues stood at 62% of pre-COVID levels and although Omicron has had a notable drag on recovery, sales trajectories are said to be climbing higher once again. The company continues to plot a course where it hopes to return to 2019 revenues by 2024.
#2. DX Group falls out with Auditor as shares remain suspended
Another update from DX Group [LON:DX] today, and this time it’s that they’re parting company with their auditors. The progress over the corporate governance inquiry has been dragging and until this is completed, the company cannot file results so its shares will remain suspended. Presumably there are two sides to this story, but it’s the stranded investors who are most likely concerned right now.
#3. Tekcapital portfolio company files new patent
AIM listed Tekcapital [LON:TEK] has provided an update on one of its portfolio companies which develops software for autonomous vehicles. They’ve just filed another patent application for a system which reduces latency in terms of the reaction time of the vehicles, to what is believed to be one of the lowest levels in the market. Admittedly this is a relatively small step forward in the grand scheme of things, but it seemed worthy of note.
