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

Topps Tiles

Interims from Topps Tiles this morning show revenues down a shade (0.2%) but margins are heading higher. That news comes against a challenging consumer backdrop with economic uncertainty still lingering. Numbers for the last seven weeks are seen as encouraging however, with like for like sales up 1.8%. The company continues to rationalise its portfolio of stores.

Cranswick

Full year numbers from the meat producers Cranswick are out today, with revenues down 1.9%, a figure which hasn’t been helped however by the comparative being 53 weeks against this year’s reading covering 52 weeks. On a like for like basis the number is close to unchanged but the company does flag that margins may come under pressure in the coming years as the market is likely to remain competitive.

Halfords

Preliminary numbers from Halfords are out this morning, with some sales growth being seen, although as had been previously signalled profits took a tumble, down by around 17%. The mild winter provided a boost for cycling sales, but it wasn’t so good for motoring. Despite the challenging retail backdrop, the company expects next year’s profits to be in line with this figure – although the number will likely be dependent on the weather.

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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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