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.

Stagecoach

Interim numbers from transport operator Stagecoach [LON:SGC] are out today, showing a marked decline in revenues when compared to the same six month period last year. This has been driven by the loss of two key rail franchises, plus a weaker performance in the company’s bus division. With another rail service having been terminated at the start of this week, headline figures for the business will continue to ease in the near term. The dividend is being maintained but a senior management reshuffle has also been announced. With the company having been blocked from applying for further rail franchises, the big question is whether further innovation can now be seen.

SAGA

There’s a new CEO heading to SAGA Group [LON:SAGA], with the appointment of Euan Sutherland being announced this morning. This completes a recent overhaul of the top of the management team and many investors will be hoping that brighter times lie ahead for the over 50’s lifestyle brand.

Just Eat

The battle for Just Eat [LON:JE] shows no sign of relenting, with Takeaway.com having posted a correction to what it says are misleading claims from another suitor, Prosus. The detailed takedown of what’s wrong with the Prosus offer is worth a read, but this battle shows little sign of being won yet. Just Eat’s share price could however find further support as the contest rolls on.

Share this article

Sign up to our Daily Digest newsletter and receive our latest insight every morning

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

This Post Has 0 Comments

Leave a Reply

Your email address will not be published.

Back To Top