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Home » UK Shares » Three Quick Facts » Three Quick Facts: SThree, easyJet and Gemfields

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

1. Solid fee growth for specialist recruiter SThree

Specialist recruiter SThree (LON:STEM) has issued a half year trading update this morning, noting Q2 fees are up 23% year on year, a number that the company believes reflects a true post-COVID comparable. Growth was recorded across all key sectors and it was the company’s biggest markets – Germany, The Netherlands and USA – which continue to see the strongest growth. Management are mindful of macroeconomic uncertainties but note that strong demand and a strong contractor order book underpin confidence in the future.

2. easyJet summer sales back at pre-pandemic levels

There’s a summer trading update out from easyJet (LON:EZJ) this morning, which includes some critical stats on the scaling back of flights in a bid to minimise disruption. Because of this, capacity in Q3 to 30th June is set to be around 87% of 2019 levels, increasing to 90% in Q4. Demand continues unabated however with the note adding that 48% of tickets are already sold for Q4 (that’s in line with the position in mid-June 2019) but with yield some 14% higher.

3. Record auction sales from gemstone miner Gemfields

Gemfields (LON:GEM) has published a note reporting record ruby auction results, with total revenues posting an all-time high of $95.6m at an average price of $246.69 per carat, again a new record for any mixed quality ruby auction, apparently. The company cautions that second half revenues are unlikely to match this remarkable performance, it adds that there appears to be a step change in the market right now.

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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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