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Home » UK Shares » Three Quick Facts » Three Quick Facts: Ted Baker, Helium One and John Lewis of Hungerford

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

#1. Ted Baker confirms bid rumours

There’s a note out from Ted Baker [LON:TED] this morning confirming the accuracy of weekend media reports that it has now received two unsolicited offers from a private equity buyer. Both have been rejected on the basis the board believes that the approaches undervalue the business, but clearly this paves the way for renewed bids to emerge.

#2. Helium One interims remain firmly grounded

AIM listed Helium explorer, Helium One [LON:HE1] has published interims for the six months to 31st December this morning. Perhaps the most critical point here is the funding situation – the company is running at a burn rate of around $1m per month and at the start of the year had just over $9m on hand. The report acknowledges that further funding may be necessary but management appear confident that raising this would pose few problems.

#3.  John Lewis of Hungerford sales charging higher, outlook upbeat

Sticking with the junior market and John Lewis of Hungerford [LON:JLH] has published interim results for the period to 31st December. Sales hit an all time high of £4.6m although the company still managed to post a modest pre-tax loss. There is however a rather more upbeat assessment of the outlook with orders for the first 38 weeks set to be some 30% higher than they were in 2021, full year revenues should exceed £10 million and that would deliver profits materially ahead of last year, too.

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This article is not investment advice. Investors should do their own research 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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