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

MJ Gleeson

Media speculation over the weekend has forced MJ Gleeson to publish a statement this morning. The company is exploring the idea of divesting its strategic land banking business. Such a move would bring handsome returns for investors as the division is said to be worth £130 million. Arguably such a move would also provide a layer of protection against political risk as these operations do have a degree of contention about them, especially given the continued uptrend in housing prices.

Serco

Serco have signed a contract which will see its involvement with Dubai’s metro system extended for a further two years. The deal, worth an estimated £140 million, should be welcomed by investors.

AstraZeneca

AstraZeneca has received Break Through Designation on another new drug – the ninth since 2014 – from the US FDA. This enables faster approvals for clinical trials of new medication, although investors – and patients – will arguably be rather more focused on how the drug progresses through the trial phases, rather than this news alone.

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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