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


Monday’s usual slim pickings, but Diageo has issued a statement announcing that it is to dispose of some 19 brands to Sazerac, in a move which will return £340 million to shareholders after taxes and transaction costs have been taken into account. This will be completed by way of share buybacks although it appears that the brands involved – names like Popov or Black Haus – won’t be all that familiar to UK-based imbibers.


There’s a trading update out from Playtech, the world’s largest supplier of online gaming and sports betting software, this morning. Performance remains consistent and the company believes it’s on target to meet previous guidance for the full year. The update is relatively light on detail, although one weakness is flagged in the financial division where market movements favoured customers, particularly in September and October.


There’s a Q3 update from funeral services provider Dignity out this morning. The company has delivered a few market shocks of late, with the proposed impact of pricing changes initially failing to impress investors. However a little more clarity has emerged in this set of numbers and the revenue impact from the price changes doesn’t seem to be as marked as the company first predicted.

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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