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Home » UK Shares » Three Quick Facts » Three Quick Facts: First Group, Kore Potash and Photo-Me International

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

First Group

There’s a note out from First Group [LON:FGP] this morning, stating that the transport operator has found a buyer for its US school bus service First Student, along with state-side First Transit. This has been on the cards for some time so the sale price of around £3.3bn may well impress. A lot of the money has been earmarked, although there’s a 30p per share special dividend coming the way of investors this year and a further disbursement could be made in due course.

Kore Potash

Kore Potash [LON:KP2] found itself on the radar of our AIM column earlier in the month following some exaggerated volatility so this morning’s Q1 operations review – especially the next steps for the coming months – had the potential to be of interest. However, at first glance, it doesn’t appear that there’s much being brought to the table, suggesting investors may need to remain patient.

Photo-Me International

There’s an upbeat trading update out from Photo-Me International [LON:PHTM] this morning, covering the five months to March 31st. Thanks to a better-than-expected performance specifically in Japan where the company has a government ID card contract, full year expectations have been revised higher with revenues being upgraded from £175m to £190m-£200m, whilst pre-tax profit forecasts have been moved up from £9m to between £15m and £19m.

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This article is not investment advice. Investors should do their own research 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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