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

Rentokil Initial

A feel good story to start, with Rentokil Initial declaring that it is taking the lead on an interesting CSR initiative. Unclaimed dividends and untraceable shares – those which the company hasn’t managed to find beneficial owners after 12 years – will be paid into a good causes fund. Rentokil estimates that they have £1m ready to be paid into the fund, whilst across the FTSE-100 the amount of funds that could be generated are as much as £1 billion. More details on the charities which will be supported and how the scheme will work are available in the RNS.

Rightmove

There may have been some wobbles in the real estate market of late, but Rightmove’s full year numbers today seem to allay any cause for concern. Revenues up 10%, earnings per share up 13% and dividends are up 11%, whilst the company sees its domestic market focus as being good insulation against and Brexit-related risks.

Vertu Motors

There’s a trading update out from Vertu Motors today, which paints an interesting picture of the car market. The company operates a network of 125 sales and aftersales venues across the country and the numbers tell a very clear picture. Group revenues are up 5% and service revenues are up 14%. Used car sales have risen by over 6% whilst new car sales are down by almost 5%. This reflects the caution that sits in the underlying economy right now, but shows the company’s model of diversification to be well placed.

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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