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

Begbies Traynor

Slim pickings this morning, but Begbies Traynor [LON:BEG], the insolvency specialists, have confirmed the acquisition of CVR Global. This delivers significant expansion in scale, especially in the South East of England, to a company that has seen its performance hobbled as a result of government COVID support. Whilst these moves have kept the proverbial wolves from the door for some viable businesses, they have also kept firms which would have otherwise folded, in play. CVR has offices both in the UK and overseas, whilst operating costs will fall by at least £0.75m p.a. as offices are brought together. The maximum cash consideration is £20.8m and the deal is expected to be cash generative from day 1.

Equiniti Group

Equiniti Group [LON:EQN] has this morning advised that it is in discussions to divest the direct-to-consumer Selftrade business. Negotiations are ongoing, but there’s no certainty that the deal will complete or indeed any detail as to who the potential buyer may be.

Dr Martens

It’s been a challenging 12 months for retailers, but a number of niche players have fared well. Interesting to note this morning then that Dr Martens has formally confirmed its intention to IPO, with shares expected to be admitted to the exchange early next month.

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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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