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


Slim pickings for corporate announcements this morning, but Tesco [LON:TSCO] has confirmed that it is reviewing options for its business in Thailand and Malaysia after receiving some ‘inbound interest’. Further detail as to who the suitor may be or the potential price offered is absent, but with the Thai operation seen as being especially valuable, any attempt at acquiring these assets is likely to come with a hefty price tag.

Angling Direct

Angling Direct [LON:ANG] has announced the opening of a new store in Barnsley, taking its total estate to 33, along with a trading update. Sales for ‘Black Friday Week’ were up 11.3% on the same period a year ago, but more significantly a selective approach to discounting saw profits jump almost 50% over the period. The company remains on course to meet management expectations for the full year, but this will be a stock worth following to see if it’s another niche retailer that can find a toe hold in a broader sector that faces many challenges.


Small cap chemicals company Hardide [LON:HDD] has published full year results today, which offers an eye catching insight into the business. On sales of £5.1m the company has booked a £2.4m gross profit, although EBITDA has slumped to a £0.6m loss. Management notes demand in North America is particularly buoyant with support here coming largely from the oil and gas sectors and the continent now accounting for 65% of group sales. The board is confident that revenue growth and further diversification can be seen in the coming year.

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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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