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

#1. LSE’s Q1 income is up 6.3%

The London Stock Exchange [LON:LSEG] has published Q1 numbers this morning which show continued growth across all key metrics. Total income is up 6.3% and the company notes that it’s on track to meet all financial targets. Headwinds following the suspension of services to customers in Russia are estimated to take £60m off revenues for the full year..

#2. Persimmon Homes margins steady despite rising input costs

Persimmon Homes [LON:PSN] issued a trading statement today, noting that the company continues to perform in line with expectations with average sale prices increasing 2% year-on-year, a £2.8bn order book with demand outstripping supply and the company having for the first time now achieved a 5-star ranking by the HBF. Management expect volume growth of between 4% and 7% for the year whilst maintaining margins, with sales weighted into the second half of the year..

#3. City Pub Group returns to pre-pandemic trade levels

The City Pub Group [LON:CPC] has released full year results for the 52 weeks to 26th December this morning, showing a return to profitability as the company plots its recovery beyond COVID. By November the group reports that it was trading ahead of pre-pandemic levels and trading over the last nine weeks was said to be 98% of 2019 levels, with expectations that this momentum will increase throughout the year, although rising input costs are expected to impact margins in the short term.

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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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