Three things you need to know in the financial markets this morning from investment writer, Tony Cross.
There’s a Q3 update in from Vodafone [LON:VOD] this morning, showing organic revenue growth is continuing to nudge its way higher. There’s quite a lot of detail to wade through, but the global diversification of the company is working in investors’ favour and the fact that churn rates – at least in Europe – are falling is arguably something else worth applauding. Full year EBIDTA forecasts have been reaffirmed, showing organic growth of 2-3%.
Homebuilder Barratt [LON:BDEV] has produced half year results today, telling a familiar story for the sector. Growth continues across the board, although margins are being squeezed a little. The company posted its highest number of completions in a six month reporting period in 12 years and this growth is expected to continue through the second half of the year. The company acknowledges the positive impact of the political certainty following last year’s general election but remains mindful of the risk posed by the UK’s departure from the EU. The outlook remains in line with the board’s expectations and investors are being rewarded with a 2.1% increase in the interim dividend.
Domino’s Pizza [LON:DPZ] served up a Q4 trading statement this morning, showing group sales continued to push higher, although international markets continue to struggle. The company is progressing with its plan to dispose of overseas operations, with the focus on Norway given the heavy losses incurred here. Full year profits are expected to be within the range previously stated by analysts.
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