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

Haynes Publishing Group

Publisher Haynes [LON:HYNS] has hoisted the for-sale sign over its entire business this morning. Having undertaken a strategic reshaping in recent years, from a publisher of manuals to a content, data and workflow solutions business for the automotive sector, the board believes they need to be part of a business with deeper pockets to realise the full value of the company. Shares have doubled in price over the last six months, helped along by the company having reported bumper profits back in September. This announcement could fuel further buying interest today.

Carpetright

Carpetright [LON:CPR] seems set to vanish from the stock market, with directors having recommended that the company be acquired by Meditor Holdings, a subsidiary of Meditor Fund which already owns 29.9% of the business. The vehicle had purchased the lenders interests in Carpetright’s Revolving Credit Facility, which is due to expire at the end of the year. There’s a weight of support for the deal already and shareholders will get 5p per share. Whilst that’s something, it’s a long way short of the 300p share price from just over a decade ago.

Fuller, Smith & Turner

There’s a trading update from pub group Fullers [LON:FSTA] out this morning. Like for like sales growth is up 3.2% for the last 32 weeks, although the company does note margin erosion as a result of cost pressures. It also adds that, following the sale of its brewing business, some unexpected expenses have been incurred, although the impact here won’t be felt in the current financial year. Expectations are for full year profits to be in line with last year’s figure.

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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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