Three things you need to know in the financial markets this morning from investment writer, Tony Cross.
There’s a quick sales update out from Trainline [LON:TRN] this morning, covering the first nine months of the year. Ticket sales are up 18% with particularly strong growth being seen in the International division, whilst revenues have outperformed this, growing by an impressive 26%. The board have used this opportunity to reaffirm the full year trading outlook, with revenue expectations for the 12 month period expected to be in the low to mid 20% range.
Distribution specialist Bunzl [LON:BNZL] has published a pre close trading statement today, noting that expectations remain unchanged for the full year, but adding that the company has recently completed the acquisition of an Australian business. Fire Rescue Safety Australia (FRSA) distributes specialist safety and protection equipment for the emergency services and has annual revenues of approximately £19m.
Unilever [LON:ULVR] has released a sales update, noting that underlying growth for the year is now expected to come in slightly below the guidance which had been offered previously. Economic conditions in both South East Asia and West Africa are challenging, although earnings, margins and cash aren’t expected to be impacted by this move. The tough ride is expected to continue in the new year, too, with H1 growth again tipped to be below 3%.