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

SSP Group

Upbeat news from SSP [LON:SSPG] in a Q3 trading update this morning. Total group revenues are up by over 10%, with growth being seen across the board. There are some interesting weaknesses emerging with the closure of India’s Jet Airways and the grounding of the Boeing 737 MAX both having taken a toll on the business in specific markets but full year expectations remain unchanged. The company acknowledges there’s a degree of uncertainty over passenger numbers and the stock could therefore be exposed in a global economic downturn, but investors may struggle to find fault with this news.

HomeServe

There’s a very brief trading update from HomeServe [LON:HSV] released today, ahead of the company’s AGM. Trading is in line with guidance given in the full year results published just two months back. Two positive developments from mainland Europe operations are flagged in the release but these in isolation would seem unlikely to present a material change in outlook in the short term.

Big Yellow

Self storage company Big Yellow [LON:BYG] has published its Q1 trading update today, with impressive numbers across the board. A combination of rising occupancy levels and rent charges has pushed like for like revenues up 4.4% for the period. The company remains some way below its 90% target occupancy rate and ongoing estate expansion will keep this as something of a challenge, but the numbers continue to point in the right direction.

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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