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

Taylor Wimpey

Another solid set of numbers from the house building sector with Taylor Wimpey [LON:TW] publishing its full year results this morning. Revenues are up 6.4% although margin erosion has seen profits dip a little lower. The company is however confident that build cost price inflation will continue to ease and although volumes for the year ahead will decline, this is being done as a deliberate play to better capture value, helping margins return to levels seen a year ago.

William Hill

Full year results from William Hill [LON:WMH] are out today, and the impact of the £2 stake limit on betting terminals in the UK is laid bare. Adjusted operating profits fell 37% although this still delivered a number ahead of management expectations. Overseas expansion continues apace with US revenues up by 38%, although some 75% of income is still generated in the domestic market. The company is on track to meet expectations for the coming year, but investors will have to wear a one third reduction in dividends.

Diageo

Diageo [LON:DGE] has published a trading update looking specifically at the impact on the COVID19 outbreak as the situation continues to unfold. Although this is an evolving situation, the company expects to see operating profits take a £140m – £200m hit for the fiscal year. Critically however the update is centred around sales in the Greater China and wider APAC regions. News in recent days suggests the situation is still far from understood on a global basis.

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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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