*
skip to Main Content

Sign up for our Free Daily Digest newsletter: Actionable insight every morning, designed for the self-directed investor. Find out more

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

Travis Perkins

There’s a solid enough set of numbers in from building supply merchant Travis Perkins this morning, broadly in line with analyst expectations. Dividends are slightly ahead of forecast although impairment charges against the company’s Wickes brand pushed the business to a pre-tax loss for the year.

Hotel Chocolat

Hotel Chocolat has this morning announced half year results covering the period to December 30th, 2018. The company had a solid Christmas trading period, with revenues up 13%, profits up 7% and 14 new store openings. The falling margin here may raise some questions, although the company adds that sales growth was driven in part by lower margin, less capital intensive wholesale accounts.

Meggitt

Full year results from the engineering specialists Meggitt have been released today, showing a set of numbers broadly in line with expectations. There doesn’t seem to be much that will rock sentiment here, with organic revenue growth of 9%, underlying margins maintained at almost 18% and currency fluctuations counting in the company’s favour, too.

Become a better investor with SharePad Designed to give you the confidence to pick your own investments, Sharepad gives you access to a wealth of information on UK, US & European stocks. Find out more

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.

Stocks in Focus

Here are some of the smaller companies we are following most closely. They all represent significant growth stories in our view. Our in-depth reports go into more detail on why we like them.

Comments

Back To Top