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

Intu Properties

The shopping centre operator Intu has published a statement today, notifying the market that the bid which had been proposed by a consortium of companies has failed to progress. Citing macroeconomic uncertainty – rather than any fundamental problem with the due diligence process – the news is likely to see Intu’s share price tumble as trading gets underway this morning.

Unilever

Unilever CEO Paul Polman is to retire from the company at the end of the year. Following his failed bid to remove the company’s dual listing and shift the headquarters to Rotterdam, pressure has been mounting on the boss to leave so this news is unlikely to be much of a surprise to the market. With shareholders having been set against the idea of Unilever quitting the UK, shares may well find some support off the back of this news.

Greene King

Pub operator Greene King has published half year results this morning and despite the backdrop of economic uncertainty, the numbers appear impressive. The good weather over the summer and England’s run in the World Cup have both helped here, but the company also notes that Christmas bookings are well ahead of where they were a year ago.

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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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