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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 does not constitute investment advice. Do your own research or consult a professional advisor.

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