MARKET REPORT: Aviva Shares Surge as Takeover Speculation Mounts Aviva, the renowned UK household name, has found itself at the center of takeover rumors, causing its shares to soar. Reports suggest that three overseas bidders, including Germany’s Allianz, Canada’s Intact Financial Corporation, and the Scandinavian group Tryg, are considering making an offer. Speculation in the …
MARKET REPORT: Future is bright for shares in UK publisher By Hugo Duncan Updated: 11:47 BST, 30 September 2023 The latest trading update from magazine publisher Future proved compelling reading for investors as shares in the group soared. The company, whose 250 titles include everything from Marie Claire, Homes and Gardens and Country Life to …
MARKET REPORT: AstraZeneca Stock Soars on Positive Breast Cancer Drug Trial By Hugo Duncan | Updated: 18:10 BST, 23 September 2023 AstraZeneca shares experienced a significant boost after a successful trial of a drug designed to treat a common type of breast cancer. In the study, the drug, datopotamab deruxtecan (Dato-DXd), demonstrated a statistically significant …
Johnson Matthey, the chemicals giant, surged to the top of the FTSE 100 leaderboard amidst takeover speculation following an increase in stake by industrials investor Standard Latitude Master Fund. The investor’s holding in Johnson Matthey has risen from 5.2% to 10.1%, making New York-based Standard Industries the largest shareholder in the London-listed firm. This development …
MARKET REPORT: Aston Martin Takes Pole Position for Fresh Start In a refreshing turn of events, luxury car maker Aston Martin has secured pole position on the FTSE 250 leaderboard, signaling a new start for the company. According to analysts at City broker Jefferies, Aston Martin has struggled to make progress since its stock market …
MARKET REPORT: FDM Group Share Price Soars on Takeover Speculation Trading floors in the City were abuzz with takeover speculation as the week came to a close. FDM Group, a popular IT recruitment consultant listed on the FTSE 250, saw its shares surge by 12.4%, or 64p, reaching 582p. Rumors circulated that the company might …
Capita experienced a significant decline in its financial position after announcing that it was preparing for a potential loss of up to £25 million as a result of a cyber attack that took place in March. As a government contractor and provider of services such as the London congestion charge and BBC licence fee collection, …
MARKET REPORT: FTSE 100 Maintains Gains as Inflation Cools Off By John Abiona | Updated: 22:32 BST, 21 July 2023 The FTSE 100 experienced its most impressive weekly performance since March, thanks to better-than-expected UK inflation data. This data has instilled hope that interest rate hikes will not be as severe as initially anticipated. The …
Hotel Chocolat, once hailed as a pioneer in the chocolate market, is facing a challenging period. The company, led by the charismatic Angus Thirlwell, aimed to revolutionize the perception of chocolate in England by introducing innovation and excitement to the industry. This dedication even resulted in a two-part documentary series aired on Channel 5. However, …