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

Vodafone

There’s a short update out from Vodafone [LON:VOD] this morning, regarding the company’s collaboration with Amazon Web Services (AWS). This will harness something called ‘edge’ computing, which offers a lower latency option than mainstream cloud computing. Vodafone is the first European telco to introduce the AWS ‘Wavelength’ service. Presumably others will follow with similar offerings, but it might help at least provide some support for the share price.

WM Morrison Supermarkets

There’s news of a couple of high-profile appointments at WM Morrison [LON:WMR] this morning, with a CFO and COO both being announced. The move isn’t however quite the shake-up that it may appear at first inspection – the new COO previously had responsibility for functions including CFO, whilst the new CFO was the company’s trade director. On the face of it this appears more of a minor restructuring than a more significant shake up at the top.

Numis

Preliminary full year numbers have been published by Numis [LON:NUM] this morning, emphasising the difficult economic backdrop the business is working against. Investment banking revenues are down 16% as UK dealflow dries up, whilst growing market share in its equities business has been overshadowed by weak UK investor sentiment, dragging revenues down by 21%. Earnings per share are off by two thirds, too, but the company remains committed to the market and is making a series of new hires. Next week’s election result will be very much in focus for businesses like this and the company notes that revenues over the last two months are ahead of the comparative print for 2018. The dividend is being maintained.

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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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