Three things you need to know in the financial markets today from investment writer, Tony Cross.
#1. Aviva interims show sales and profits higher
Interims from Aviva LON:AV. are out this morning. Operating profits are up 8% and shareholders are set to be rewarded with a commensurate uptick in dividends, further supported by improved solvency. The company notes a 13% increase in general insurance premiums, and strong customer growth. Management expect to exceed medium term targets for the full year.
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#2. Restore’s revenues flat but earnings down as sales profile changes
AIM listed Restore Group LON:RST has published interims today. Revenues were broadly unchanged but EBITDA did suffer, with the sale of non-recurring items declining. Management also flagged increased financing costs. A cost reduction plan is in place and the company expects to report full year numbers in line with expectations.
#3. Belluscura announces $15m worth of sales
Belluscura LON:BELL has this morning announced orders for 6,500 of its net generation portable oxygen generators, worth a potential $15m of potential revenue to the company. Roll out is expected to start in the Autumn and continue into next year, with the new technology supported by a proprietary blood oxygen monitoring app, NOMAD, with management keen to stress the company’s focus on high margin, high quality products.
