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Three Quick Facts: Aviva, WANDisco and Franchise Brands


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

#1. Aviva full year numbers show solid revenue, dividend growth.

Full year numbers are out from Aviva LON:AV. this morning, noting a 35% uptick in operating profits and a 3% decline in baseline costs. The company is on track to meet or exceed targets, has initiated a £300m share buyback and shareholders are being rewarded with a 40% uptick in total dividend payments.

#2. WANDisco shares suspended as significant account issues come to light

WANDisco LON:WAND grabbed the headlines at the start of the week as it declared it was going to set up a dual listing in the US. This morning the news is a little more sanguine with a trading revision noting possible fraudulent irregularities with regard to booking of orders. As a result, management have requested the shares be suspended from the market given the material impact this has on accounting. This also presents significant going concern issues with FY22 revenues now possibly as low as $9m rather than the previously stated $24m. The company also has no confidence in its announced FY22 booking expectations.

#3. Franchise Brands revenues rise 72% and profits double

AIM listed Franchise Brands LON:FRAN have full year numbers out, noting revenue increases of 72% thanks to both organic growth and recent acquisitions. Profits have close on doubled and the proposed final dividend payment would reflect a 33% uptick on the year. Management note that the strong momentum from last year is being sustained as the company capitalises on factors including defensive growth opportunities and a diversified client base. Further opportunities are seen as being led by organic growth, acquisitions and on an international basis, too.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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