Here are three things you need to know in the financial markets this morning from investment writer, Tony Cross.
1. Centrica: Brief trading update issued
Centrica (LON:CNA) has issued a very brief trading update this morning, ahead of the AGM. The company notes that performance and outlook – perhaps unsurprisingly – remain unchanged from the previous update issued just a few weeks ago.
2. Pearson has news of disposal
Educational publisher Pearson (LON:PSON) has today announced the disposal of its K12 courseware division in Italy and Germany. This is for a cash consideration worth £163m and proceeds will be used to fund the ongoing share buyback program.
3. Ted Baker sale process stumbles
Ted Baker (LON:TED) has provided a further update on its attempted sale process, noting that the preferred counterparty which was performing due diligence checks on the company has now stated it doesn’t intend to proceed any further. This is unlikely to provide much solace for investors.
