Shares of security services firm G4S surged after privately-owned Canadian rival GardaWorld announced a hostile 190p per share possible offer valuing the company at £2.96bn. The offer price is 30% premium to Friday’s closing share price and an 86% premium to the price prior to its first approach in June. …
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Royal Mail shares rallied on Friday after JPMorgan Cazenove upgraded its rating to ‘neutral’ from ‘underweight’. It said that while the UK turnaround is far from certain, stronger short-run trading has at least bought some time, and should prevent a build-up of net debt. “The CWU negotiations appear to be …
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Analysts at Liberum raised their target price on video games developer Team17 from 500.0p to 750.0p on Friday, stating the firm was “moving up”. Liberum said Team17 had, unsurprisingly, enjoyed some “very strong” first-half trading, which drove major upgrades to its earnings forecasts and target price. “We had already expected …
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Analysts at Berenberg slashed their target price on aerospace and defence manufacturer Rolls-Royce from 890.0p to 270.0p on Friday but upped their rating on the firm from ‘hold’ to ‘buy’, stating nothing was priced in for a turnaround. Berenberg said the market appears to have given up on Rolls-Royce, with …
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FirstGroup was in the red, having surged on Monday following a Sunday Telegraph report that its US operations have attracted interest from several major private equity firms. Housebuilder Vistry was weaker after it posted an 86% slump in first-half adjusted pre-tax profit as it was “significantly” by the Covid-19 lockdown …
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Technology products provider Oxford Instruments said on Tuesday that it had managed to record modest order growth during the first five months of trading despite the Covid-19 pandemic. Oxford Instruments said the coronavirus outbreak had continued to have an impact on trading, with cumulative revenues down 2% year-on-year. However, the …
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Wall Street futures were pointing to a mixed session ahead of the bell on Friday following the previous session’s tech bloodbath and ahead of the newest edition of the Labor Department‘s closely watched non-farm payrolls report. As of 1230 BST, Dow Jones futures were up 0.22%, while S&P 500 and …
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Dispute financing company Litigation Capital Management (LCM) has executed a portfolio finance agreement, it announced on Monday, to provide a “significant” finance facility to a subsidiary of a global building and infrastructure contractor, to fund a portfolio of its construction claims. The AIM-traded firm said the large corporate portfolio transaction …
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Activity levels at both US factories and among services sector firms picked up substantially in August, according to the results of two closely-followed surveys. IHS Markit‘s manufacturing sector Purchasing Managers’ Index jumped from July’s reading of 50.9 to 53.6 for August (consensus: 51.5). Services activity also accelerated, with the PMI …
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London’s FTSE 250 was up 0.1% at 17,508.76 in afternoon trade on Friday. HGCapital Trust was a high riser after saying it will invest around £17.1m in Norwegian enterprise software group Visma. On the downside, oilfield services company Petrofac was in the red after a downgrade to ‘market perform’ from …
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