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

Thomas Cook

Tour operator Thomas Cook has pushed out an update this morning ahead of its full year results due on Thursday and it doesn’t make for pretty reading. Revenues are up 6% on a like for like basis, but underlying EBIT is £250 million, down some £58 million from a year ago. Heavy discounting of last minute offers, especially in the UK market, has proven especially costly. Shares may well tumble at the opening bell.

Greggs

There’s a trading update from bakers Greggs out this morning, covering the nine weeks to November 24. Sales in company managed shops (as opposed to franchises) are up 4.5% and following a strong October and November, the company now expects to post full year profits of at least £86 million.

Cranswick

From one end of the sausage roll to the other, Cranswick – one of the UK’s leading suppliers of fresh pork – has half year numbers out this morning. Revenues are ever so slightly ahead of the 2017 figure, as are profits, so margins remain in tact. That comes despite uncertain market conditions and heavy investment in a series of new plants. Arguably the real test will be once the new facilities are fully on stream, but the fact the company hasn’t been distracted by the new additions may well prove suitably reassuring for shareholders.

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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