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

Stobart Group

Hauliers turned aviation and energy specialists Stobart Group have published full year results today, suggesting that the company’s refocusing is yielding results. Group revenues are up by around 40% although a series of charges resulted in a sizable loss for the company across the period. As a result, dividends will be trimmed with payments for the year proposed at just 50% of the 2018 figure.

Telford Homes

More upbeat news from a housebuilder with Telford Homes publishing full year results this morning. Total revenues are up 12% gearing has fallen dramatically and the company is making solid inroads into the build to rent sector, which comes with lower risk and lower capital requirements. This move has however squeezed margins, taking a toll on profitability as a result. Proposed dividends are unchanged on the previous period.

easyHotel

easyHotel has published interim results today showing something of a mixed bag. Whilst ‘revPAR’ – revenues per available room – are up by an industry beating 10.1% in the hotels it owns, the performance in its franchised properties isn’t quite so upbeat. The market remains challenging especially in the UK with ongoing Brexit uncertainty lingering, but the company does have the confidence to up the interim dividend payment slightly as expansion plans continue.

 

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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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