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

Vodafone

Half year numbers are out from Vodafone [LON:VOD] this morning, covering the period to 30th September. The company notes 8 successive quarters of improving customer loyalty however although the communications industry has played a vital role through the COVID-19 pandemic, it’s been far from good for the numbers. The significant reduction in international travel has hit revenues, although the business did post a significant EUR 1.5bn profit for the period, compared to a EUR 1.9bn loss a year earlier. The interim dividend of EUR 0.045 per share is maintained.

Smiths Group

Diversified engineering group Smiths [LON:SMIN] has published a Q1 trading update today. Revenues for the three months to October 31st were down 2%, putting the company on course to meet full year expectations. The medical division of the company did however buck the trend here, with revenues for the unit up 4%. Cash generation remains strong with £413m on hand at the end of the reporting period.

Remote Monitored Systems

There’s an update from small cap Remote Monitored Systems [LON:RMS] out this morning. The firm has been a regular in our afternoon AIM market roundup column following its acquisition of an anti-viral mask manufacturer which was spun out of Nottingham University. Today they have announced a binding, heads of terms with a German manufacturer, allowing the company to try and better match future demand for its products. Even beyond COVID, it would be no surprise if there’s an extended focus on anti-viral technologies.

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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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