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Home » UK Shares » Three Quick Facts » Three Quick Facts: Moonpig, Ted Baker and IOG

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

1. Moonpig proposes buyout of Smartbox UK

Custom greetings card play Moonpig (LON:MOON) has this morning advised that it plans to buy Smartbox UK, also known as Buyagift, for £124m in cash. The timing here may be seen as interesting with consumer budgets being squeezed, but the note outlines why this is seen as being a financially attractive proposition which will increase margins in the medium term.

2. Update on Ted Baker sale process

The board of Ted Baker (LON:TED) have this morning provided an update on the formal sale process of the business, having selected a single counterparty who will now perform due diligence checks on the business. The note stresses that there can be no certainty that an offer will be made, but this may provide further support to the share price. .

3. Production disruption being seen by IOG

The AIM listed net zero gas infrastructure company (LON:IOG) has this morning issued an operational update. This highlights some short-term disruption to production and is likely to do little to help support confidence in the business right now, although interruptions are expected to be very limited. Given the high underlying price of gas, assurances over the fact this is just a brief outage, can any dip here present a decent buying opportunity for the medium term?

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This article is not investment advice. Investors should do their own research 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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